The government's stance in the face of uncertain prospects for the private sector has been that public sector investment will drive the system.

If the surge in tax collections is sustainable, the finance minister has the elbow room to shoot for a fiscal deficit

India must focus on reforms.

India this year will emerge as the world's seventh largest economy, up from the 12 th position in 2008.

Higher import duties on steel improve the bottom lines of steel-makers, but depress those of downstream users of steel.

Some might contend that a candidate for being termed the most corrupt (or corrupting) country in the world is Switzerland.

India Ic has pulled up its socks to perform even better in FY16.

China has demonstrated that it has the power to not be isolated, and it is likely to become more powerful over time.

India was ranked 12th among the large economies in 2008, and moved up to 10th by 2013, overtaking Canada and Spain.

Modi government must fix policy paralysis.

Foreign retail chains, reluctantly allowed limited entry, have begun to make their initial moves and, like Ikea, intend to spend big money -- sometimes in the billions of dollars.

A pro rata expansion of that number for 100 Gw means investing that much every year.

Across the board, demand would appear to be slacker than it should be if we are headed for a healthy recovery.

The government should start with two assumptions: first, that oil prices are fundamentally unstable and susceptible to wide fluctuations, and second, that raising the prices of petroleum products is politically difficult.