HOME 2019-04-29T11:44:56+00:00

CONTRACT  WITH  INDIA

…our mission is to make India great by developing and promoting policies based on the principles of limited government, free markets, individual freedom and rights, equality of justice and individual responsibility…

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IN THE PRESS

13thApr, 18

SKILLING MODERN INDIA’S WORKFORCE

Education and skill development fulfil two goals simultaneously: an economic goal to provide businesses with a skilled workforce necessary to enhance productivity, improve competitiveness and increase economic growth, and a social goal of creating employment, reducing poverty and inequality and helping people realize their potential. Traditionally, education and skills-development policy have largely been driven by the state, but evidence now points to serious flaws in that model. The fast-moving modern [...]

1stApr, 18

MORE SELF-RESPONSIBILITY, NOT MORE REGULATIONS

You signed on to Facebook, voluntarily. You posted information on it freely. You liked other people’s posts and commented on them willingly. You connected with friends and updated your information and activities on Facebook without any coercion, and you were free to stop posting information whenever you wanted. It was your choice to keep your account active. No one from Facebook called or coerced you to sign up for Facebook [...]

12thFeb, 18

INCOME INEQUALITY: FACTS AND FICTION

There is a world of difference between treating people equally and attempting to make them equal It appears fashionable these days to blame capitalism for all that ails modern society including inequality, environmental problems, global warming, extinction of animal species, unemployment, healthcare costs etc. Everything miserable is somehow caused by capitalism. One thing is clear: those who articulate these views have no knowledge of either history or economics, and their [...]

6thDec, 17

INDIA NEEDS PRINCIPLES NOT POLICIES

I hate watching evening debates on Indian television. Besides the uncontrolled shouting and the lack of intelligent and respectful discussion, it is always a slugfest about policies and rarely about principles. Most Indians would be hard-pressed to identify the set of principles that guide the different political parties. Election manifestos are a worthless listing of populist programs and not compelling documents of a party’s guiding and uncompromising principles. But, if [...]

3rdDec, 17

CRYPTOCURRENCIES: MONETARY FUTURE OR FAD

Imagine a world with no controls on how you exchange money with people. There are no global boundaries on where goods and services are produced and you can use a ‘global currency’ to purchase anything anywhere without the help of a third party and no transaction costs. And since the currency is not controlled by a government, you have total freedom on how and where you spend your hard-earned money [...]

25thNov, 17

MOODY’S HELPS MODI

Various Indian governments have been pushing the global credit rating agencies (CRA’s) to reexamine the country’s credit rating given its clean seventy-year credit history and recent economic growth. Last week Moody’s finally relented and raised India’s sovereign credit rating by one notch from Baa3 to Baa2. What does this mean and what is the significance of this “ upgrade”? A credit rating allows investors to assess a borrower’s ability to [...]

16thNov, 17

INDIA’S BIGGEST PROBLEM: BIG GOVERNMENT

November 8th, the “ anniversary ” of demonetization, was also a day that hazardous airborne pollutants crossed critical levels in Delhi. One event caused enormous economic damage because of needless government intervention in economic activity, and the other caused great environmental damage because of government apathy and indifference. What a poignant reminder of the dangers of big government! Big government is the source of many of India’s problems. Poverty, corruption, [...]

31stOct, 17

LAISSEZ FAIRE–LESSONS FOR INDIA’S BIG GOVERNMENT

Even Mr.Modi’s most ardent critics will acknowledge his immense enthusiasm and self-belief. But it is his misguided belief that he can somehow “fix” the economy that may be responsible for India’s current economic issues. The economy is a complex, dynamic and fast evolving ecosystem with millions of stakeholders each with their unique set of needs. Knowledge about the resources available to meet these needs is dispersed in small, localized bytes [...]

22ndOct, 17

REFORMING INDIA’S WELFARE SYSTEM

Most countries provide some form of welfare assistance to those who are less fortunate. And while there might be disagreement on how to deliver such aid or even who should receive it, few dispute the principle of a basic safety net. India’s current welfare system suffers from two major inefficiencies: High bureaucratic costs associated with running these programs, and massive leakages from the system. Estimates by the Ministry of Finance [...]

14thOct, 17

ECONOMIC FREEDOM–INDIA’S PATH TO PROSPERITY

Economic freedom is the bedrock of modern capitalist societies. It is based on personal rights, voluntary exchange, and open markets. The link between economic freedom and prosperity has never been clearer. The chart below shows the results of a study of more than 150 countries over a twenty year period conducted by the US-based Heritage Foundation. The 1st and 2nd quartiles represent countries that are rated “free” or “mostly free,” and quartiles [...]

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