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Latest Articles in magazine 4 June 2021

Is This India’s EV Moment?

With no Playbook available for a success formulae for launching an electric vehicle, startups with audacious plans for revolutionising the way they imagine urban and rural mobility are probably going to “play it by the ear” with a plan! Has the Indian EV dream ‘come of age’?

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Empowerment Through Micro-insurance

Today ACKO is India’s first and fastest growing digital insurance company and has issued over 650 million policies to over 60 million unique customers.

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We Committed To Agriculture Reform As MSP Monies Are Paid Directly To The Farmers: Sanjeev Sanyal, Principal Economic Adviser

Principal Economic Adviser in the finance ministry Sanjeev Sanyal’s work in chaos theory and his belief that economic growth demands perpetual imbalance may be the right recipe for the Indian economy given its complexity. The government though is very conservative on fiscal balance. He talks to BW Businessworld’s Manish Kumar Jha about fiscal support and its multiplier effect, the bold steps and disruptions in opening the economy further, pushing pending reforms, gyrating out of pandemic-led economic disruptions, and more.

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We Always Worry About How Rating Agencies Will React To A Large Stimulus--Omkar Goswami, Chairman, CERG Advisory

Omkar Goswami, noted economist & Chairman, CERG Advisory tells BW Businessworld’s Manish Kumar Jha that Indian economy must find its way into global trade. He says that while South-East Asian and East Asian countries were creating world-class exporting capacities and related infrastructure, we focused on import substitution. As we still do, for what else is ‘Atmanirbhar Bharat’, he asks. Excerpts of the interaction

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The Happiness Quotient Should Be Really High: Raveena Tandon

Raveena Tandon, actor and philanthropist, in a chat with BW Businessworld’s Editorin-Chief ANNURAG BATRA, talks about the pandemic, how it brought out the worst and the best in people including herself, the future of cinema, fitness, among other things.

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This Is Not The Time To Hold On To Fiscal Framework: Rajiv Kumar, Vice Chairman, Niti Aayog

“So a consumption-led fiscal stimulus will not result in a virtuous economic cycle unless its magnitude is huge as has been the case in the US or other advanced economies”

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Confluence Of Art And Entrepreneurship

“...‘respecting the art and craftsmen is sustaining the art and craftsmen’, hence it is ideal to make them a part of our family and encourage, nourish and grow with them”

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In the Global Game, Bigger Is No Longer Necessarily Better

Companies are rewriting their growth strategies in three key respects. First, they’re going asset light. Global expansion used to require heavy investment in physical infrastructure and boots on the ground – a big reason it took so long. Today, companies launching new offerings can use digital means and partner with local companies to rapidly enter new markets

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Where Is India Headed?

Do read our cover story on the economy for an interesting debate, not only on privatization and the efficacy of the stimulus package, but also on strategies to achieve that mission of a $5 trillion economy.

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The Union Government Is Quite Clear about Its Decision To Privatise Several PSEs: Bibek Debroy, Chairman, Economic Advisory Council To the PM

The scale and spread of Covid 2.0 has once again subdued demand, especially in rural India. The economy will obviously need both fiscal and monetary support in greater measures at least to ensure recovery does not falter. To be able to entice more investment into the economy, some extraordinary policy measures will become necessary like reforms in the financial sector, the Railways and defence production, along with a more transparent fiscal deficit target. In a candid chat with BW Businessworld’s Manish Kumar Jha, Chairman of the Economic Advisory Council to the Prime Minister and leading economist, Bibek Debroy, talks of policies that will decide the future course of the Indian economy and that “illusive inclusive growth”.

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This Govt. Is Clueless, My Advice Is Borrow And Spend-- P. Chidambaram

The economic growth statistics of the last financial year underplay some economic indicators like FDI and GST collection. The GDP numbers released by the National Statistical Office (NSO) show a 7.3 per cent contraction of the Indian economy over FY2020-21 ‒ the worst in over 40 years. Along, we must subject FDI to a closer analysis. Where are we headed in terms of economic planning and how do we reorient our growth story? And, crucially, what about India's youth dividend turning in bubble? Former Union Finance Minister and Congress member of Parliament, P. Chidambaram discusses these and other lacunae in planning with BW Businessworld’s Manish Kumar Jha.

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We Are In Phase Of Creeping Protectionism And MGNREGA Is Still The Best Bet In Rural Areas: Nobel Laureate Abhijit Banerjee

Abhijit V. Banerjee, Professor of Economics at Massachusetts Institute of Technology, received the 2019 Nobel Prize for Economic Sciences. How well his ideas fit into India’s economic growth amid the volcanic challenges are debated in his book--Good Economics for Hard Times-- which he co-authored with Esther Duflo. He touches upon more politically contentious issues like trade, inequality and the universal basic income for those who are left out of the economic growth story. In a free-wheeling conversation with Manish Kumar Jha of BW Businessworld, Prof. Banerjee comments on India’s healthcare, the privatization, fiscal support, and the complex matrix of Direct Benefit Transfer Scheme. He asserts that the Indian economy could be competitive should “we open ourselves to trade”. Excerpts:

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The Tragedy Of UP And Bihar Along The Banks Of Ganga

A peculiar characteristic affecting development, and one that separates northern states like UP and Bihar from their southern counterparts is the sense of collective identity.

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Fifty-Fifty: Sundarlal Bahuguna : A Prophet Easily Ignored

Sundarlal Bahuguna was the most passionate voice behind the anti-Tehri Dam protests for decades.

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Brand You - Be Honest with Yourself

Some steps you can take to understand your perceptions about yourself are outlined below.

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