Shankar Acharya

All stories by Shankar Acharya

Global Economic Crisis: What India Can Do

Global Economic Crisis: What India Can Do

Rediff.com27 Apr 2022

The employment situation remains dire. Whatever can be done to promote greater low-skill employment should be pursued aggressively, advises former chief economic adviser Shankar Acharya.

We may see market borrowings Rs 2 trillion-Rs 3 trillion less than projected

We may see market borrowings Rs 2 trillion-Rs 3 trillion less than projected

Rediff.com18 Feb 2022

Macroeconomic management is usually a lot more comfortable with lower fiscal deficits. The sooner we get there, the better for the economy, says former Chief Economic Adviser to the Government of India Shankar Acharya.

What Will 2022 Bring The World?

What Will 2022 Bring The World?

Rediff.com1 Jan 2022

From Covid to climate change, Shankar Acharya's look at some of the trends and events that might shape 2022.

Beware! The Two Economic Indias

Beware! The Two Economic Indias

Rediff.com7 Dec 2021

The substantially increased economic dualism may exert lasting negative influences which could include a reduced potential for economic growth; the persistence of a very weak employment and poverty situation; rising social and political discord; and heightened vulnerability to geopolitical challenges, cautions Shankar Acharya, former chief economic adviser to the Government of India.

Covid's 4 Lasting Scars On The Economy

Covid's 4 Lasting Scars On The Economy

Rediff.com6 Oct 2021

Expect a more modest out-turn of around 5 per cent (if not less) because of the longer-term scarring effects of the Covid shock, the sharply slowing growth in the pre-Covid years and some scepticism about the growth-efficacy of some of recent official policy initiatives, explains Shankar Acharya, former chief economic advisor to the government.

Who's the Greatest General of the 20th Century?

Who's the Greatest General of the 20th Century?

Rediff.com17 Jul 2021

My candidate for the best general of the last century hailed from a little, poor colonised Asian nation whose impact on world affairs rarely amounted to much, notes Shankar Acharya.

India may have LOST 10-12% of GDP growth FOREVER

India may have LOST 10-12% of GDP growth FOREVER

Rediff.com28 May 2021

India's likely medium-term potential growth will almost certainly be markedly lower than that experienced in pre-pandemic years, warns Shankar Acharya, former chief economic advisor to the Government of India.

Nirmalaji, what about growth beyond FY22?

Nirmalaji, what about growth beyond FY22?

Rediff.com4 Mar 2021

We will find it difficult to exceed an average of 5 per cent growth in the medium term, warns Shankar Acharya, the former chief economic adviser.

Will this Budget lower income tax?

Will this Budget lower income tax?

Rediff.com18 Dec 2020

The budget-making exercise offers golden opportunities despite challenges, observes Shankar Acharya, former chief economic adviser to the Government of India.

5 reasons why economic recovery will be slow

5 reasons why economic recovery will be slow

Rediff.com18 Sep 2020

Risk aversion is currently a dominant depressant to economic recovery, points out Shankar Acharya, former chief economic advisor to the Government of India.

'How can India be a competitor to China?'

'How can India be a competitor to China?'

Rediff.com25 Jul 2020

'China need not worry about a truly 'resurgent India'.' 'It's not going to happen.'

How will Modi fix the terrifying jobs crisis?

How will Modi fix the terrifying jobs crisis?

Rediff.com3 Dec 2019

'The rise in unemployment, underemployment, discouraged workers and job insecurity is likely to continue, with very adverse consequences for the nation's economic well-being and social cohesion,' warns Shankar Acharya.

Can corporate tax cuts boost growth?

Can corporate tax cuts boost growth?

Rediff.com21 Oct 2019

'Tax cuts will have only marginal effects in the short run and significant positive effects in the medium term,' says Shankar Acharya, former chief economic adviser to the Government of India.

Very tough times lie ahead for next govt

Very tough times lie ahead for next govt

Rediff.com25 Apr 2019

'The new government will have to contend with slowing economic growth, weak private investment, anaemic exports and vulnerable external imbalances, a stressed financial system, mounting fiscal pressures (including high government debt-to-GDP ratios) and an exceptionally bad employment situation,' says Shankar Acharya, former chief economic adviser to the Government of India.

3 troublesome twins that will rock economy in 2018

3 troublesome twins that will rock economy in 2018

Rediff.com26 Dec 2017

The trio, 'twin shocks' of demonetisation and GST, 'twin balance sheet' problem that has been weakening India's banking system and the 'twin deficit' problem will continue to challenge economic management and performance in the year ahead, says Shankar Acharya.

How the 'mother of all tax reforms' actually evolved

How the 'mother of all tax reforms' actually evolved

Rediff.com20 Jul 2017

In its essence, GST is a national level system of value added taxation of goods and services, says Shankar Acharya.

Can India sustain growth at 7-8%?

Can India sustain growth at 7-8%?

Rediff.com20 Apr 2017

To do so, the government will have to tackle a number of broad development challenges successfully, says Shankar Acharya

India's fiscal deficits: A short history

India's fiscal deficits: A short history

Rediff.com17 Mar 2017

India's fiscal deficit trends are a bit like an alcoholic trying, unsuccessfully, to reform. Virtue does not last for too long, says Shankar Acharya.

A decent Budget for trying times

A decent Budget for trying times

Rediff.com16 Feb 2017

Against a turbulent and uncertain background, Budget 2017-18 hewed a steady, forward-looking course, says Shankar Acharya, former chief economic adviser to the government.

6 states hold key to India's demographic dividend

6 states hold key to India's demographic dividend

Rediff.com20 Oct 2016

Perhaps half-way through India's demographic transition, what is the outlook for the future?

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