There is a divide between the economic experts in the political establishment in the government and the Reserve Bank of India (RBI). The financial institutions are sure to be cautious, and in the eyes of those who want to go forward, even timid

There is legitimate concern that India’s economic growth rate of around seven per cent, which has been the fastest among the big economies of the world in the past decade, is not sufficient. The necessity of a double-digit growth rate to push India into the next stage of economic vibrancy is now quite evident. Speaking at the Kautilya Economic Conclave in New Delhi earlier this month, finance minister Nirmala Sitharaman has struck a surprisingly cautionary note. She said: “Just as eternal vigilance is the price of liberty, eternal performance is th

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