Category: Public Policy

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+ India, Macroeconomy, Public Policy

India macro-2023: Prepare while the sun shines

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Financial Express For the month of December 2022, the purchase manager index (PMI) for India was 59.4, almost touching multi-decadal highs. PMI above 50 is taken to mean that an expansionary phase follows as confidence among participants is high and readings below indicate a contractionary phase. For large G20 countries like Brazil, China, France, Germany, Japan, the UK and the US, the index ranged … Read More India macro-2023: Prepare while the sun shines

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+ India, Macroeconomy, Public Policy

Crystal gazing global growth 2023

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Indian Merchant’s Chamber (IMC) [opens pdf] The last few years have conclusively shown that real outcomes are a lot more interesting than what even the most egregious forecasts can imagine. Almost no forecast saw the coming of a pandemic, insurrection in a large democracy, a war and its mobilization, or the possibilities of nuclear attacks. Export curbs, trade disputes, and embargo on technological transfers … Read More Crystal gazing global growth 2023

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+ Government, India, Public Policy

Building a pipeline of urban infrastructure projects

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The Financial Express ($) Over the last month, two important reports on urban India came out in quick succession: The World Bank’s report on “Financing India’s urban infrastructure needs” and the Reserve Bank of India’s “Report on Municipal Finances”. The World Bank report peers into the future to detail the quantum of investments required in urban India over the next decade and a half; … Read More Building a pipeline of urban infrastructure projects

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+ Government, Investments, Public Policy

Winner’s Curse

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Strategies to understand and mitigate it Last month, at a leadership development program, I went back to my alma mater, IIM Ahmedabad. It is always fantastic to go back to the classroom and that too at IIMA! A topic that we detailed deeply there was Winner’s Curse. For an investor, entering into auctions can be fraught with the risk of overbidding such that while … Read More Winner’s Curse

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+ Climate, Public Policy

Reducing greenhouse gasses: Pathways to achieving the objective

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Adding a monetary value to carbon can incentivize or disincentivize some sectors; setting performance standards can create a race for innovation Financial Express “Bending the curve”, or the process of changing the direction of a country’s annual emissions curve from sloping upward to making it go down, requires important policy choices. Policies need to set right incentives for industry while keeping energy and other … Read More Reducing greenhouse gasses: Pathways to achieving the objective

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+ Climate, India, Public Policy

Building a network of green financing institutions in India

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Financial Express The idea that India needs to invest trillions of dollars in meeting its Net Zero by 2070 commitment is, by now, well known. Estimates run to over ten trillion dollars in the next half century or the hundreds of billions of dollars in the next decade. The sums of monies to be channelized for this transition are very significant as a proportion … Read More Building a network of green financing institutions in India

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+ Climate, Government, Public Policy

Net Finance – A companion to Net Zero

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The Financial Express India made five commitments at COP26: (1) it will increase its non-fossil energy capacity to 500 GW by 2030; (2) it will meet 50 percent of its energy requirements through renewable energy by 2030; (3) it will reduce the total projected carbon emissions by one billion tonnes until 2030; (4) by 2030, it will reduce the carbon intensity of its economy … Read More Net Finance – A companion to Net Zero

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+ Climate, Government, Macroeconomy, Public Policy

Fiscal considerations of the Green transition

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State of public finances has a direct impact on Green policies that Government can pursue – the range of policy options gets shaped by the need for more revenues or the ability to spend them Financial Express India’s commitment to Net Zero by 2070, has well and truly set the course for a Green transition in the country. Many aspects of this once-in-a-lifetime change … Read More Fiscal considerations of the Green transition

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+ Climate, Government, India, Public Policy

Sequestering the fiscal bounty

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The notional ‘saving’ of ~Rs 1 lakh crore on the fiscal deficit front offers India an opportunity to create a fund to deal with climate change Financial Express Fiscal year 2021-22 has been volatile, to say the least. The Budget for FY2022 was presented on Feb 1 last year at a time when the first wave of Covid-19 was firmly behind us. However, soon … Read More Sequestering the fiscal bounty

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+ Climate, India, Public Policy

Shaping our Green Future: Pathways and Policies for a Net Zero Transition

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Observer Research Foundation (ORF) put together a monograph on Shaping Our Green Future: Pathways and Policies for a Net-Zero Transformation. 1 They pulled together a fantastic set of perspectives from Mr. Jayant Sinha, The Fletcher Business School, Climate Policy Lab, MacArthur Foundation, Shakti Sustainable Energy Foundation, and NIIF. This is a timely publication – coming while COP26 is on at Glasgow, Scotland and when … Read More Shaping our Green Future: Pathways and Policies for a Net Zero Transition

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+ Climate, India, Investments, Public Policy

Financing the Green Transition

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Financial Express New sources of capital and new instruments are required to power the green transition Green Transition is a reality: it is here and now. The recent spate of high-impact climate-related disasters across the world (floods, wildfires, heatwaves, etc.) have underscored the magnitude of challenges facing humanity cutting across country borders. This has prompted societies and leaders across the world into thinking and … Read More Financing the Green Transition

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+ Climate, Government, Investments, Public Policy

Urban development and green finance: Blending two mega trends

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Financial Express Writing on LinkedIn recently, Hon’ble Prime Minister Shri Narendra Modi said, “The 15th Finance Commission and several academics have emphasised the crucial importance of sound property taxation. The third reform required states to notify floor rates of property tax and of water & sewerage charges, in consonance with stamp duty guideline values for property transactions and current costs respectively, in urban areas. … Read More Urban development and green finance: Blending two mega trends

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