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Monday, January 19, 2015

ET GBS: Setting tone for PM Modi's $20 tn India dream

The Economic Times

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Jagdish Bhagwati feels govt will accentuate opening up of markets, as free markets are the best antidote for environment of 'rent-seeking policies'.
PM Modi presented a cogent economic philosophy, radiated the confidence that he would be able to execute the strategy flowing from this vision and called upon everyone to join a mass movement of development that would embrace everyone and enrich everyone.
You can no longer dismiss India as a minor player, feels Krugman. He also sees a silver lining in infra deficit—all the more to build and grow!
Stressing on need for a massive investment & private sector participation in railways, Prabhu said there is need to make the sector attractive to investors.
Chief economic advisor Arvind Subramanian says US Senate bill on immigration is adverse, even hostile, to Indian skilled labour exports
Taleb's tweets were unusual in that it's rare for a disruptively smart theoretician to find common ground with a head of government.
Piyush Goyal says the need for tie-ups with the private sector will not hamper government's sense of sound economics, political wisdom.
Whatever the provocation, it is good that the Prime Minister has finally outlined his economic policy priorities and his government's medium-term strategy, says Sanjaya Baru.
He reiterated the importance of the govt's Rs 1.13 lakh crore Digital India program which aims to offer govt services to all Indians online.
At ET GBS, Modi said that India was making the transition from a "winter of subdued achievement" to a "new spring". He asked why India cannot dream big.
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