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Articles by Narendra JhaveriSubscribe to Narendra Jhaveri

Neither Here Nor There

Vol. 39, Issue No. 31, 31 Jul, 2004
Narendra Jhaveri

Budget 2004-05 promises towards ensuring attention to neglected sectors appear based on optimism as well as coalition compromise. Direct tax collections appear over-projected and a shortfall could lead to a significant rise in deficit. Not only does the ability of the government to comply with its own promises of ensuring fiscal responsibility appear hollow, the budget appears ambiguous about the process of reform and growth.

Resurrection of DFI

Vol. 39, Issue No. 29, 17 Jul, 2004
Narendra Jhaveri

Resurrection of DFI Between Prudence and Push NARENDRA JHAVERI The comment,

RBI Proposes, Will Banks Dispose?

Vol. 38, Issue No. 46, 15 Nov, 2003
Narendra Jhaveri

In discussing the mid-term review of monetary and credit policy for 2003-04, this article focuses on the RBI's assessment of the macroeconomic situation, the interest rate debate, the lopsided distribution of credit and the underlying reasons for it, the stress on credit delivery and what might happen if private sector investment demand were to really pick up.

Foreign Exchange Abundance

Vol. 38, Issue No. 43, 25 Oct, 2003
Narendra Jhaveri

In the face of the current abundance of foreign exchange - as indeed of domestic financial and real resources - what is needed are patient measures calculated to lead to improvement of the pace of utilisation of resources rather than pressurising policy-makers to willy-nilly hasten their use wastefully. Even if it takes time, the proper remedy would be to improve the policy environment for infrastructure investment and to innovate management-ownership structures based on a variety of forms of public-private partnership.

India's Growth Chase

Vol. 38, Issue No. 41, 11 Oct, 2003
Narendra Jhaveri

This article critically evaluates India's growth 'stoppers' and growth 'boosters' and finds that both are exaggerated. The analysis is intended to provoke debate on what India needs to do to make 'growth happen'. India is a unique example of political democracy without economic democracy. However, more than the form of democracy the real constraint on growth is its bad practice. Thus, improved governance is the key to achieving sustainable growth and better living standards.

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