Newspaper and Economic Magazine Articles

Newspaper Articles

Articles in 2014-2024

'Inside an exemplary fiscal fitness regime: How to manage govt finances the Indian way', The Economic Times, November 6, 2023
'This year at G20, agreeing to agree.', The Indian Express, August 26, 2023
'Debt and its dangers', Business Standard, May 03, 2023
'Get developing money', The Economic Times, March 23, 2023
'How India can keep growing amid a global economic slowdown', The Indian Express, January 27, 2023
'MPC's communication: How disparate perspectives can bring about better & more informed outcomes' (With Rounak Sil and Rajendra N Paramanik), The Economic Times, November 28, 2022
'Handling external shocks', Business Standard, November 16, 2022
'The next reforms', The Indian Express, September 7, 2022
'Freebies (Charges Extra)', The Economic Times, August 17, 2022
'At the right rate', The Indian Express, July 8, 2022
'Oil shocks and inflation: A story of shifting vulnerabilities', Livemint, April 27, 2022
'India's post-pandemic eco recovery progressing well; high oil prices pose risks: Ashima Goyal', The Economic Times, March 13, 2022
'India's CPI view assumes oil at $80 with risk seen Manageable', Bloomberg Quint, March 10, 2022
'Will RBI raise rates or go for the growth now? Ashima Goyal answers', The Economic Times, March 09, 2022
'Budget: Continuity & coherence', Business Standard, February 28, 2022
'Go for smart regulation: Banning cryptos totally will be counterproductive. Allow room for asset trading & tech innovation', The Times of India, November 24, 2021
'The criticality of a coordinated policy approach in covid times' (with Akhilesh Verma), Livemint, August 21, 2020
'GDP Measurement and the Slowdown' (with S. Mahendra Dev), Business Standard, August 21, 2019
'Measuring Indian GDP: Arvind Subramanian Can't be Taken Seriously' (with Abhishek Kumar), Bloomberg Quint, June 18, 2019
'Why are Indian Growth Rates so Volatile?', Business Standard, June 3, 2019
'Scope for Stimulus Despite Fiscal Consolidation Target, says Ashima Goyal', Business Standard, May 28, 2019
'Interview: State Should not be Seen as Gaining from an Oil Price Rise', Business Standard, September 17, 2018
`Tax Buoyancy, Growth May Help Reduce Deficit', Business Standard, May 22, 2018
`RBI, Report to Parliament: Central Bank Moving Too Far From Majority Preferences Can Trigger A Backlash', Times of India, April 27, 2018
`Getting the Banks to Turn on the Lending Tap', Livemint.com, November 21, 2016
`Institutionalizing the Monetary Policy Committee', Livemint.com, September 18, 2016
`Booms and Busts in Oil Prices', Livemint.com, July 11, 2016
`The Policy Balancing Act', Business Standard, May 22, 2016
`Banks Need an Autonomy Stimulus', The Hindu, March 1, 2016
`How G20 Can Make A Real Difference', Business Standard, November 21, 2015
`Rate-cutting Consistent With Reducing Inflation', Business Standard, October 31, 2015
`Time for Flexible Monetary policy', Livemint.com, December 28, 2014
`Thinking About the Repo Rate', Livemint.com, November 2, 2014
`Banking On Diversity', Indian Express, October 6, 2014.
`Tactics Aligned to Strategy', The Hindu, July 11, 2014.
`Starting Afresh Isn't Simple', Indian Express, July 4, 2014.

[Hindu Business Line Articles]

Misconceptions in Indian fiscal federalism, March 19, 2024.
Indian women: Climbing the U curve, January 14, 2024.
Illusory gains from freebies, Novemebr 19, 2023.
Challenges for multilateral development banks, July 17, 2023.
Mitigating spillovers of financial risk, May 14, 2023.
Right move. Budget will follow a well-laid path, December 13, 2022.
Budget: Stimulus with continuity, January 16, 2022.
Leverage WTO to reform the MSP regime, December 20, 2021.
India can contribute more to global growth, November 14, 2021.
Tapering the taper: All eyes on the US Fed, October 18, 2021.
Feasible fiscal strategies for India, September 20, 2021.
Are we being harsh on India's performance?, August 16, 2021.
Oil prices and Indian fiscal federalism, July 19, 2021.
What does it take for DFIs to succeed?, June 21, 2021.
How to spend, yet reduce government debt, May 17, 2021.
Needed, a measured approach to cryptos, April 19, 2021.
Fine-tuning flexible inflation targeting, March 15, 2021.
A clear-eyed and consistent Budget, February 15,2021.
Budget in the time of Covid pandemic, January 18, 2021.
Farmers are hurting themselves, December 14, 2020.
Neglected aspects of financial sector reforms, November 2, 2020.
Is there a manufacturing turnaround?, October 5, 2020.
It's not all gloomy on the economy front, September 7, 2020.
Economy needs more monetary easing, August 2, 2020.
The economy is not looking too bad, July 6, 2020.
Govt's stimulus is in the right direction, May 31, 2020.
How to revive the economy post lockdown, May 4, 2020.
Containing the economic impact of Covid, April 5, 2020.
A case for softer macroeconomic policy, March 1, 2020.
A Budget for reforms with continuity, Februry 3, 2020.
Are Savings a Constraint on Growth?, January 6, 2020.
How to Boost India's Monetary Transmission, December 2, 2019.
Slowdown: Aligning Responses to Causes, November 3, 2019.
Monetary Policy in Times of A Slowdown, October 6, 2019.
Is the Slowdown Cyclical or Structural?, September 1, 2019.
Ill-Effects of Neglecting Macroeconomics, August 5, 2019.
A Roadmap for 15th Finance Commission, July 1, 2019.
Restoring Balance in Monetary Policy, June 2, 2019.
The NDA has its Task Cut Out, May 25, 2019.
Economic Policy, Beyond the Elections, May 5, 2019.
Monetary Policy in the Shadow of Polls, April 1, 2019.
Sustaining High Growth with Low Inflation, March 3, 2019.
'Voters' Dilemma: Populism or Inclusive Growth? February 6, 2019.
Backdated GDP Series and Future Growth, January 6, 2019.
Why Have Markets Been Overreacting?, December 3, 2018.
More Clarity Needed Over RBI’s Role, November 4, 2018.
Pitfalls of Too Much Conservatism, October 1, 2018.
Growing Resilience to External Shocks, September 2, 2018.
Arriving at a Fair Value of the Rupee, August 5, 2018.
Farm Support Prices Come with Hidden Costs, July 1, 2018.
The MPC Will Be Walking on Eggshells, June 1, 2018.
The Economy Suffers from a Trust Deficit, May 1, 2018
Beware of Overzealous Regulation, April 1, 2018.
The Theme This Time is Inclusive Growth, February 1, 2018.
What Can Keep India Growing in 2018, January 1, 2018.
Going Overboard on Inflation Targeting, December 4, 2017.
DeMon, at What Cost? November 6, 2017.
Designing a Demand Stimulus, October 1, 2017.
India at 70: Avoiding Traps, September 3, 2017.
For A Context-Based Monetary Policy, August 6, 2017.
Collapse of Credit Poses Growth Risk, July 2, 2017.
What Sort of Fiscal Discipline Do We Need? June 4, 2017.
NPAs are a Mess, but not a Lost Cause, May 1, 2017.
An Overdose of Inflation Targeting, April 2, 2017.
Managing Commodity and Currency Risk, March 5, 2017.
The Tinkering's in the Right Direction, February 1, 2017.
Foreign Investors Ask For Too Much, May 25 2015.
The Nail That Lost the Kingdom, January 8, 2014.
Can Technology Drive Inclusion?, December 19, 2013.
Does Monetary Policy Work in India?, November 18, 2013.
Going Beyond Poll Economics, October 16, 2013.
Dealing With Currency Volatility, September 18, 2013.
Defending the Rupee, August 12, 2013.
Sliding Rupee, Sloppy Methods, July 10, 2013.
Missing the Wood for the Trees, June 18, 2013.
Growth vs Inflation Control, May 14, 2013.
Behind the Current Account Gap, April 16, 2013.
Budget Wedded to Short-termism, March 11, 2013.
Deepening India’s Bond Markets, February 11, 2013.
Restructuring Government, January 10, 2013.
Anchoring Inflationary Expectations, December 13, 2012.
Using Tradeoffs in G20, November 16, 2012.
Explaining the Infrastructure Slowdown, October 11, 2012.
Understanding Growth Cycles, September 13, 2012.
Causes and Cures for India’s Current Account Deficit, August 8, 2012.
Reflections on Reform Yojanas, July 11, 2012.
Global Risks and Domestic Response, June 13, 2012.
Stress Points in Centre-State Finances, May 9, 2012.
Matching a Measure to its Meaning, April 11, 2012.
Don't Tar All Banks with One Brush, March 11, 2012.
Tackle the Real Growth Bottlenecks, February 8, 2012.
Making the Budget Matter, January 11, 2012.
The Case for RBI Intervention in Today's Forex Market, December 7, 2011.
Where are India's Savings?, November 9, 2011.
For a Tax on Capital Market, October 12, 2011.
Triumph of Democracy, September 14, 2011.
Coming to Grips with Inflation, August 11, 2011.
PSUs Take Customers for Granted, July 14, 2011.
For a Non-European IMF Head, June 9, 2011.
G-20 Can Push Financial Reforms, May 12, 2011.
Once More With Anguish, April 14, 2011.
Carrying Reforms Forward, March 10, 2011.
A Budget to Improve Governance, 10 February, 2011.
Don't Over-regulate Stock Exchanges, 13 January, 2011.
Dealing with Food Stocks and Prices, 9 December, 2010.
Dynamics of Inflation and Output, 11 November, 2010.
Change is Easier Than We Think, 14 October, 2010.
How to Manage a Rupee Float, 9 September, 2010.
Wrong Tack on Financial Oversight, 12 August, 2010.
Better Ways to Control Inflation, 8 July, 2010.
Why India is not Greece, 10 June, 2010.
The Lack of Financial Innovation, 13 May, 2010.
Monetary Policy: A Nuanced Approach Called for, 15 April, 2010.
Incentives for the Centre, 10 March, 2010.
Emerging Markets and the Crisis, 13 February, 2010.

[East Asia Forum]

Modi's Post-Election Reform Priorities, June 14, 2019.
Demonetisation One Year On, November 17, 2017.
The Goals and Outcomes of India's Demonetisation, March 2, 2017.
What to Expect from India's New RBI Governor, July 22, 2016.
Assessing Modi's Third Budget, April 19, 2016.
Why India Needed to Cut Interest Rates, February 18, 2015.
India Ready to Tackle a QE-less Future, 14 November 2014.
Modi’s Operandi: A Few Steps Forward But Where’s India’s Budget Going?, 7 August 2014.
India’s Growth Prospects Are Looking Op, 23 January 2014.
The Best Monetary Policy for India?, 29 November 2013.
Can India Discard Populism?, 6 November 2013.
India’s Sliding Rupee, Sloppy Policy, 1 August 2013.
Price Regimes and India’s Current Account Gap, 8 May 2013.
India's Growth Undershoots: Is this a New Normal?, January 2, 2013.
Explaining India’s Infrastructure Slowdown, 1 November 2012.
India: Understanding Growth Cycles, 12 October 2012.
India Debates Meaning of Poverty Line and Budget Deficit, 5 May 2012.
Banks in Emerging Markets: The Need For A Separate Reform Agenda, 29 March 2012.
Policy and Potential Economic Growth in India, 25 February 2012.
Indian Food Stocks, Prices and the Exchange Rate, 17 December 2010.
How To Manage A Float of the Indian Rupee, 2 October 2010.
India’s Wrong Tack on Financial Oversight, 1 September 2010.
India: Controlling Inflation Without Hurting Growth, 30 July 2010.
India: Taxes and the Social Contract, 10 October 2009.
India: Deepening Domestic Markets, 16 September 2009.

[Economic Times Blogs]

Budgeting for Inclusive Growth in the Current Macroeconomic Context, January 21, 2017.
Demonetisation: How to Reduce Costs and Make it Worthwhile, November 23, 2016.
Expectations from the New RBI Governor, July 8, 2016.
Raghuram Rajan's Conservative Approach has Served Well for Economy, June 8, 2016.
Using Budget Data to Evaluate the Performance of The Modi Government, May 13, 2016.
The Modi Government: Looking Back and Forward, May 20, 2015.
Responding to New Growth and Inflation Data, February 23, 2015.
Key Short-And Long-Term Macroeconomic Challenges For India, December 5, 2014.
Tackling Global Volatility in a Post-QE World, November 17, 2014.
Weakening Monetary Policy Framework, March 11, 2014.
Agenda for New State Governments, October 28, 2014.
Have Government Services Made Our Lives Easier?, October 14, 2014.
Budget: Marginal Realignment of Tactics to Strategy, July 18, 2014.
Budget: Strategy and Tactics, July 4, 2014.
Election Results: Do Words Matter or Deeds?, June 30, 2014.

[Ideas for India]

Articles in 2005-2013

`FM Shows He Won't Cross the Expense Red Line', DNA, March 2, 2013
`Reward Only Good Work with Higher Allocations', DNA, February 16, 2013
`Budget 2012: Being More Honest', DNA, 17 March, 2012
`Room for Recovery', India Today, 17 September, 2012
`Time to let rupee rise as exports add to strength', First Post, May 9, 2011.
`Exports and the Exchange Rate: Learning from Experience', First Post, May 9, 2011.
`Recommitment to Reform, also Inabilty to Implement', DNA, 1 March, 2011.
`Quiet, Deep Reform is on but Spending Control an Issue', Business Standard, 1 March, 2011.
`India Helps the Government Deliver', DNA Money, 27 February, 2010.
`Providing Incentives and Closing Loopholes', Business Standard, 26 February, 2010.
`Policy Failures Prolong Food Inflation', The Economic Times, 22 January, 2010.
`To Grow Without Inflation', The Economic Times, 24 October, 2009.
`Taxes and the Social Contract', The Economic Times, Perspectives, 5, October, 2009.
`Deepening Domestic Markets', The Economic Times, Perspectives, 14 September, 2009.
`Myriad Ways for Inclusive Development', DNA, Money, 7 July, 2009.
`Macroeconomic Policy Dilemmas', The Economic Times, 30 June, 2009.
`Risk and Indian Deficits', The Economic Times, Perspectives, 13 April, 2009.
`Is world ready for a global currency?', The Economic Times, Face-Off, Friday, 3 April, 2009.
`Reducing Procyclicality', The Economic Times, 19 January, 2009.
`Is unbridled access to ECBs prudent?', The Economic Times, Face-Off, Wednesday, 7 January, 2009.
`Have central banks pumped in too much liquidity?', The Economic Times, Tuesday debate, 11 November, 2008.
`Widening the Rupee's Two -Way Street', The Economic Times, 21 October, 2008.
`Will the financial crisis derail India's real economy?', The Economic Times, Tuesday debate, 23 September, 2008.
`Are we targeting inflation?', The Economic Times, 25 August, 2008.
`Oil Shocks: Past and Present', The Economic Times, 23 June, 2008.
`Is the world moving away from the dollar?', The Economic Times, Tuesday debate, 5 May, 2008.
`Can mere monetary intervention check the current level of inflation?', The Economic Times, Face-Off , Wednesday, 26th March, 2008.
`Cooked books do not a budget make', Outlook Business, March 22, 2008, pp. 92.
`That fine balance', Outlook, March 10, 2008, pp. 42.
`Should Indian interest rates track US rates?', The Economic Times, Tuesday debate, February 5, 2008.
`For a softening of interest rates', The Economic Times, October 17, 2007.
`Underestimating investment and growth', The Economic Times, August 22, 2007.
`How should the government deal with forex inflow?', The Economic Times, Tuesday debate, August 14, 2007.
`Sovereign borrowing abroad?', The Economic Times, Face-off, June 13, 2007.
`How should the RBI deal with rising Re?', The Economic Times, Tuesday debate, April 24, 2007.
`Myths in Monetary Policy Making', The Economic Times, April 18, 2007.
`What can FM do in the budget to boost growth and cut inflation?', The Economic Times, Tuesday debate, February 27, 2007.
`Do we need further monetary tightening?', The Financial Express, Monday debate, October 30, 2006.
`Is 9% growth feasible in 11th Plan period?', The Economic Times, Tuesday debate, October 24, 2006
`Have we waited too long for full capital account convertibility?', The Financial Express, Monday debate, September 11, 2006.
`RBI's move not needed', The Financial Express, Off the Cuff, Saturday, June 10, 2006.
`Full rupee convertibility: good, bad or ugly?', The Economic Times, Tuesday debate, March 28, 2006
`Are we ready for full capital account convertibility?', The Financial Express, Monday debate, March 27, 2006
`Grow India Grow', The Financial Express, Off the Cuff, October 24, 2005.
`Was the Hike in Reverse Repo Rate Necessary?', The Financial Express, Monday debate, January 30, 2006
`Moving from argument to dialogue' The Financial Express, Monday, December 5, 2005
'Push and Pull in Indian Education', Education World, November, 2005, 6th Anniversary Issue, pp. 18
'Making less of rupee moves', Business India, November 7-20, 2005, pp.117
`Should Interest Rates be Raised at this Juncture?', The Financial Express, Monday debate, October 24, 2005

Articles in 1997-2004

`What are the Fundamentals?' The Business Standard, 12th June, 1997.
`Pragmatism over Ideology', The Business Standard, 31th July, 1997
`With a Little Help from my Foes', The Business Standard, 22nd October, 1997
`How to Have Growth Without Inflation', The Business Standard, 25th December, 1997.
`Finding a Sustainable Value for the Rupee,' The Business Standard, 17th April, 1998.
`Kautilya versus Machiavelli,' The Business Standard, 6th June, 1998.
`Did the Budget Budge?' The Business Standard, 19th June, 1998.
`No need for Interest Rates to Rise,' The Business Standard, 27th July, 1998.
`The Pathology of the Revenue Deficit,' The Business Standard, 28th October, 1998.
`Agriculture in a Freer Trade Regime,' The Business Standard, February 3, 1999.
`Does the Budget have a Framework?' The Business Standard, March 31, 1999.
`Interest Rate Debate Revisited',Mid-day, Mumbai, May 5, 1999.
`The Interest Rate Controversy',The Business Standard, May 8/9, 1999.
`Time to Unravel the Subsidy Maze',The Business Standard, August 2, 1999.
`Can Interest Rates be Cut?',The Business Standard, September 1, 1999.
`Budgeting without Blues', The Economic Times, February 29, 2000.
'Monetray Policy Expectations', www.myiris.com, April, 2000.
'The Trend Triumphant', www.myiris.com, May, 2000.
'Inflation, Food Prices and Poverty', The Economic Times, July 6, 2000.
'Consumers Suffer from Subsidy Illusion', The Economic Times, October 17, 2000.
'Why Has Investment Fluctuated in the 90s?', The Economic Times, November 2, 2000.
'Save Some Arrows in the Quiver', The Financial Express, November 16, 2000.
'Balancing the Budget', The Economic Times, December 12, 2000.
'Learning from Japan', The Economic Times, January 9, 2001
'Back to the Budget', The Economic Times, February 13, 2001.
'Credibility of the Budget', The Economic Times, March 13, 2001.
'Corruption: blame the system?', The Economic Times, April 10, 2001.
'Monetary Policy Matters', The Economic Times, May 8, 2001.
'Reasoned Optimism', The Economic Times, June 19, 2001.
'The Asian Option', The Economic Times, July 17, 2001.
'Separating Hope from Hype', The Economic Times, August 14, 2001.
'The Monsoon Manna', The Economic Times, September 11, 2001.
'Financial Doldrums', The Economic Times, October 9, 2001.
'Beyond Money Illusions', The Economic Times, November 20, 2001.
'Equal at Home and Abroad', The Economic Times, December 18, 2001.
'Learning from Crisis', The Economic Times, January 15, 2002.
'A Budget Tight on Promises', The Economic Times, February 15, 2002.
'Not enough stimulus', The Economic Times, March 12, 2002.
'Learning with China', The Economic Times, April 9, 2002.
'Passions vs Interests', The Economic Times, May 7, 2002.
'Whither Monetary Policy?', The Economic Times, June 4, 2002.
'Incentives: Markets and Beyond', The Economic Times, July 2, 2002.
'Opening the Skies', The Economic Times, August 13, 2002.
'Fitting Markets to People', The Economic Times, September 10, 2002.
'Social Innovation and the Firm', The Economic Times, October 8, 2002.
'Comments as an expert in the debate on monetary policy', The Economic Times, October 22, 2002.
'A Decade of Diversity and Shocks', The Economic Times, November 10, 2002.
'Tax Exemptions and Savings', The Economic Times, December 3, 2002.
'Gender for Governance', The Economic Times, January 21, 2003.
'Winds of Change in Indian Education', Education World, February, 2003, Volume V, No. 2.
'Measuring Government Deficits', The Economic Times, February 18, 2003.
'Participatory Budgeting', The Economic Times, March 11, 2003.
'What are our Optimal Foreign Exchange Reserves?', The Economic Times, May 6, 2003.
'Inflation: Here Today and Gone Tomorrow', Economic Digest, MEDC, May, 2003.

'New Agenda for Finance Panel', The Economic Times, June 17, 2003.

'Rupee must Travel a Two-way Street', The Economic Times, July 15, 2003.

'Arbitrage and the Interest Rate Spectrum', The Economic Times, August 12, 2003.

'Can do after Cancun', The Economic Times, October 14, 2003.

'Monetary Policy for Sustained Growth', The Economic Times, November 17, 2003.

'Instilling Business Sense into Babus', The Economic Times, January 20, 2004.

'Woo Technology by Outsourcing', The Economic Times, March 16, 2004.

'A New Frame for Politics', The Economic Times, May 15, 2004.

'Building up foreign exchange reserve - Impact in a growing economy', Annual Capital Market Review 2003-04, BSE.

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