Ideas of India Kadambari Shah and Shreyas Narla on Continuing the Reform Agenda
Jul 18, 2024
Research scholars Kadambari Shah and Shreyas Narla discuss policy changes for the Indian government, including competition policy, digital marketplace regulation, labor law reforms, manufacturing growth, and GST optimization. They also touch on past budget announcements, challenges in regulating big tech companies, and navigating India's complex regulatory environment.
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2019 Aspirational Budget
- Shruti Rajagopalan recalls the 2019 "aspirational budget" focusing on women's economic outcomes.
- It included Mudra loans for women entrepreneurs and funding for self-help groups.
Importance of Budgetary Philosophy
- Shreyas Narla highlights that impactful budgets represent shifts in economic philosophy and governance.
- He emphasizes the need for budgets to articulate their intellectual underpinnings and address evolving challenges.
1997 Dream Budget
- Shruti Rajagopalan appreciates the 1997 "Dream Budget" for signaling reform continuity despite a change in government.
- It streamlined and lowered direct taxes, easing fears and maintaining reform momentum.