ECONOMIST GAUTAM SEN
Economists expect big-bang reforms to continue under Modi 3.0
Modi is set to be sworn in for third term as India's Prime Minister in coalition government with key partners Telugu Desam Party and Janata Dal (United). Economists anticipate focus on economic reforms to achieve goal of Vikshit Bharat by 2047. Budget to prioritize infrastructure, manufacturing, and welfare schemes amid global economic challenges.
Wealth Redistribution Tempest: Much ado about nothing (read no vote bank)?
The idea of wealth redistribution proposed by Congress leader Rahul Gandhi has sparked a heated debate in India's political landscape, with Prime Minister Narendra Modi labeling it as 'dangerous'. The discussion revolves around conducting surveys to assess wealth distribution and potential redistribution policies, stirring up controversy and accusations between political parties. The issue highlights growing income inequality and calls for radical measures to address economic disparities. While some experts advocate for progressive taxation and social spending to enhance economic equality, others caution against the potential negative impacts of wealth redistribution on individual incentives and overall economic growth. The ongoing debate underscores the complex challenges of wealth inequality in India and the need for thoughtful and effective solutions to ensure a fair and inclusive society.
Economist Gautam Sen gives '12 crore' reasons why Rahul Gandhi's wealth distribution plan won't work in India
Economist Gautam Sen criticizes Rahul Gandhi's proposal for wealth redistribution in India, highlighting the impracticality and potential negative impact on the economy. He warns that imposing a wealth tax could lead to the emigration of India's super-rich to tax havens like Dubai, resulting in a substantial loss of wealth for the country. Sen also questions the feasibility of implementing an inheritance tax and emphasizes the need for stable governance to sustain India's economic growth.
Economist Gautam Sen on Pitroda's 'Inheritance Tax' remark: Whoever wants this 'not a friend of India'
On Congress leader Rahul Gandhi's idea of redistribution of wealth, economist Gautam Sen said, "It won't work in India. As I said, only about 12 crore people have wealth in the excess of 102 crores each. But almost all of these have invested in the...
ETPrime Women Leadership Awards 2021: Eminent Jury and the worthy nominees
The awards acknowledge and reward the perseverant, courageous, and spirited women in India who braved all odds to fulfill their aspirations and lead in various fields from start-ups to capitalist ventures and social impact enterprises.
Modi’s labour reform push may remove key hurdle for investors
The current changes are part of a process to streamline 44 different federal labor laws into four codes.
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Budget 2012: Why Pranab Mukherjee is so upbeat
India's growth story is in a bit of a slump at present, but there is a growing bunch of people predicting better times ahead. Weeks before he unveils Budget 2012, Sunday Times finds out why Pranab Mukherjee is so upbeat.
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