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| NOVEMBER 2007 |

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Shankar Acharya: the upa`s economic legacy
Business Standard –November 30, 2007
For all these reasons the UPA’s legacy for sustaining rapid and inclusive economic growth in future leaves a lot to be desired. It surely could have been far better. The author is Honorary Professor at ICRIER and former Chief Economic Adviser to Government of India . The views expressed are personal |

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Universal access to banks still distant goal in India
Livemint – November 30, 2007
The study by Mandira Sarma , a fellow at New Delhi think tank Indian Council for Research on International Economic Relations, seeks to arrive at an index of financial inclusion. |

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The external sector imbalance
Financial Express – November 27, 2007
The Icrier team was invited this year by the India International Centre to present its Mid Year Review of The Economy. The importance of this Review, as reflected in the attendance, has clearly declined since Dr Malcolm Adeshesiah’s time. Though understandable, this is regrettable simply because there is no substitute for such a discussion within a large informed group for advancing one’s understanding. Still, the Review gave us an opportunity to place the Indian economic scene in a global context. With more than 50% of our GDP, up from 19% in 1991, now being accounted for by external sector transactions (merchandise trade plus invisible payments and receipts), it is indeed time that all our policy formulation, including the Five Year Plans, should be firmly located in the global context. Unfortunately, this is not yet the case. |

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Cut duty on fully built vehicles to encourage exports, study says
Livemint – November 13, 2007
“Profitability should have come down after liberalization because of competition,” said Pankaj Vashisht of the Indian Council For Research on International Economic Relations (Icrier), an economic think tank, who co-authored the report. “But the high levels of protection has enabled auto assemblers to actually increase their profits and also attracts more investment.” |
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