To the extent that body shopping is replaced by true offshoring, everyone is better off, says Ajay Shah.

'The quick fixes have failed; there is now no alternative to deeper reforms,' says Ajay Shah.

'Concerns about India's future are hampering private investment.' 'If the private sector sees strategy, teams and execution on these issues, this will inspire confidence in India.' 'This should be our main strategy for 2017,' says Ajay Shah.

Ajay Shah

The size of the hole in today's banking crisis appears to be roughly 10 per cent of GDP.

There is ample fuel in the computer revolution to do many useful things.

India's economy is not like Western ones, and thus needs restrained fiscal policy even during a recession, says Ajay Shah.

What is required from government is intellectual framework.

The non-oil, non-finance sector of the economy is under severe stress.

We are in this mess as the machinery of the government in a market economy is broken. We need technically sound banking regulation, so that capital is not misallocated, and the landscape does not get littered with zombie firms kept alive through evergreening, says Ajay Shah.