Jaitley pushes the growth button

    2018-12-03T13:03:41+00:00March 15th, 2017|2016, 2018/2017, Cover Feature, India Investment Journal March Edition, Year|

    The Budget has allocated almost $90 billion for building new infrastructure. This will help restart the stalled private investment cycle and spur demand but the absence of serious efforts to resolve the non-performing assets (NPA) problem in the banking sector will hurt. Indian finance minister Arun Jaitley, who reiterated his earlier statement that private investment remains sluggish despite incentives, has done his bit to revive the entrepreneurial instincts of private entrepreneurs, both domestic and foreign, by announcing a massive $90-billion infrastructure [...]

      India is the most open, Least protectionist economy today

      2018-12-03T12:47:10+00:00March 15th, 2017|2018/2017, Cover Feature, India Investment Journal March Edition, Year|

      India’s Minister for Finance and Corporate Affairs, Arun Jaitley, just completed a packed tour of the UK during which Prime Minister Theresa May dropped in to a Downing Street meeting with his British counterpart, Chancellor Philip Hammond. ‘India Investment Journal’ caught up with the senior Indian Cabinet minister in London to explore his message for foreign investors, a possible free trade agreement (FTA) with post-Brexit Britain and the next phase of his dramatic reform agenda for the Indian economy. Is [...]

        India’s economic Sherpa

        2018-12-03T12:50:50+00:00March 15th, 2017|2018/2017, Cover Feature, India Investment Journal March Edition, Year|

        Arun Jaitley has carefully nursed the country’s economy back to sound health. He is equally at home rubbing shoulders with the world’s leading industrialists and investors in Davos, London and Singapore and inviting them to invest in India as he is strategising the nitty-gritty of how to win elections in hinterland Indian states. And all this when he isn’t dispensing advice on some of the thorniest legal problems of the land. Meet Arun Jaitley, India’s suave, erudite and very articulate [...]

          A contrarian economist

          2018-12-03T13:02:04+00:00March 15th, 2017|2018/2017, Cover Feature, India Investment Journal March Edition, Year|

          Newly appointed Principal Economic Advisor Sanjeev Sanyal is a polymath in more senses than one He has eclectic reading habits that range from the Rig Veda to philosophers like Karl Popper to physicists such as Werner Heisenberg to the history of the sub-continent – when he isn’t thinking deeply about “complex adaptive systems” or criticising Marxist-style planning or Indian policy making. Sanjeev Sanyal, Principal Economic Advisor And all this while doing his day job –as the newly appointed [...]

            A much needed clean-up of India’s Augean Stables

            2018-12-03T13:26:25+00:00March 10th, 2017|2018/2017, Cover Feature, India Investment Journal March Edition, Year|

            Foreign investors often complain about India’s byzantine bureaucracy and demands for unaccounted cash to grease the system and speed up decision making. Though ministers and senior bureaucrats in New Delhi no longer make such demands, there are reports that there has been little improvement in the lower bureaucracy and in some states. The clean-up in New Delhi was the result of individual rectitude and personal commitment of ministers and their staff. In his Budget presented on February 1, Finance Minister [...]