Subhash Chandra Garg- Economy, Finance and Fiscal Policy Strategist

  Don’t Let Policy Stasis Set In Subhash Chandra Garg* This piece has also been published by Quint  https://www.thequint.com/voices/opinion/budget-2022-has-the-bjp-govt-completely-given-up-on-policy-reforms  with the title  Budget 2022: Has the BJP Govt Completely Given Up on Policy Reforms? Budget 2022 conspicuously quite on economic and financial reforms Budget 2022 did not propose any significant economic, financial and taxation reforms measure. This was quite telling, especially against the backdrop of NDA government’s budgets of last few years, which were full of policy initiatives. The Budget 2022 did not talk about real progress and issues in implementing any of the major policy initiatives announced in Budget 2021- privatisation of banks and insurance companies, monetisation of assets, reforms of agriculture and food economy, labour reforms, opening up foreign investment and so on.   My fears expressed in an earlier piece https://www.thequint.com/voices/opinion/budg

                                        Capex Increase Riddle in 2022-23 Budget Lost on roundabouts what was gained on wings   Subhash Chandra Garg Author, Economic Policy Strategist & Ex-IAS Also, former Economic Affairs and Finance Secretary, Government of India   This blog has been published by the Wire    https://thewire.in/economy/nirmala-sitharaman-capex-boost-budget-2022 with a title of their choice-  How Nameplate Changes, Sleight of Hand Helped the FM Assemble Budget 2022’s ‘Big Capex Boost’.  Finance Minister announces massive increase of 35.4% in central government capex outlay With no other major growth investments or policy reforms in the budget, Finance Minister Nirmala Sitharaman made capital investment the lynchpin of Government’s growth strategy in Budget 2022. Stressing that “the virtuous cycle of investment requires public investment to crowd-in private investment” she took high moral ground to say that the “(p)ublic investment must continue t