Liberal tariffing needed: think tanks
The 2021-22 Union Budget’s bet on pushing infrastructure spending to revive the economy faces implementation risks and it may have been better to combine it with some income support for those worst affected by the pandemic, economists at leading think tanks said on Monday.
The rising tendency towards protectionism doesn’t sit well with India’s objective of attracting more foreign direct investment and integrating with global value chains, and a liberal tariff policy maybe more effective, argued Rajat Kathuria, director and chief executive of the Indian Council for Research on International Economic Relations (ICRIER).
Director General, National Council of Applied Economic Research, India
Shekhar Shah is the Director General of the National Council of Applied Economic Research (NCAER). As the CEO of India’s oldest and largest independent economic think tank, he manages NCAER’s wide-ranging research activities across all sectors of the economy, including its extensive data collection, innovation, and curation activities.
Prior to joining NCAER, Shah was the World Bank’s Regional Economic Adviser for South Asia and, earlier, Sector Manager in the Bank’s research complex and a principal author of the
2004
World Development Report, Making Services Work for Poor People. During a World Bank career spanning more than two decades, Shah also served as the Bank’s Deputy Research Administrator, Sector Manager for Public Sector Management for Europe and Central Asia, and Lead Economist for Bangladesh.
Budget: PM Modi to interact with leading economists on Friday
Top economists and experts who will participate in the meeting include Arvind Panagariya, KV Kamath, Rakesh Mohan, Shankar Acharya, Shekhar Shah, Arvind Virmani, and Ashok Lahri.
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Prime Minister Narendra Modi will interact with leading economists and sectoral experts on Friday to deliberate on measures that may be included in the upcoming Budget for promoting growth, amid uncertainty on multiple fronts caused by
COVID-19.
It will also be attended by Finance Minister Nirmala Sitharaman, Minister of State for Finance Anurag Thakur, Niti Aayog Vice Chairman Rajiv Kumar, and
Post COVID-19 world: PM Modi interacts with top economists
India
Updated: Saturday, January 9, 2021, 17:31 [IST]
New Delhi, Jan 09: Prime Minister Narendra Modi interacted with India s leading economists, organised by NITI Aayog, on charting the economic agenda in the post covid world.
All the attendants agreed that high-frequency indicators are showing signs of a strong economic recovery, and that too earlier than expected. The attendants were broadly in agreement that next year will see robust growth and suggested measures to maintain this growth rate to drive India s socio-economic transformation.
Prime Minister Narendra Modi
The participants in the discussion highlighted the strong structural reform measures that have been undertaken in the past few years and how they would help in the creation of an Atmanirbhar Bharat. Suggestions were made by participants on future reform areas.
Economists urge PM Modi to push privatisation, increase infrastructure spending
According to a note issued by Niti Aayog after the meeting, all the attendants agreed that high frequency indicators are showing signs of a strong economic recovery, and that too earlier than expected
PTI | January 9, 2021 | Updated 16:29 IST
Modi further said the COVID-19 pandemic and the subsequent management threw up new professional challenges for all those involved
Prime Minister Narendra Modi on Friday highlighted the fiscal and reform measures undertaken by the government following the COVID-19 outbreak as he held deliberations with top economists who pitched for pushing privatisation, avoiding challenging international arbitrations and increasing infrastructure spending.