Reiterating the pledge given to the people of India four years ago to give this nation an honest, clean and transparent Government, and to build a strong, confident and a New India, Finance Minister, Arun Jaitley in Budget 2018-19 speech said that the Government led by PM Narendra Modi has successfully implemented a series of fundamental structural reforms. With the result, India stands out among the fastest growing economies of the world.

The Economic Survey 2017-18 has been tabled in the Parliament on 29th January. The Survey projected that the real GDP growth for 2017-18 averaged 6.75% and nominal GDP growth to be 10.5%. The real GDP growth for year 2018-19 is projected to be 7 – 7.5%.

In the words of Prime Minister Narendra Modi, ‘Reform is merely a stage; transformation of the nation is the destination’. With a vision to bring the entire country under a financial framework, the government is surging ahead on the path of reforms to transform India.

ndia needs large investments in infrastructure for accelerating inclusive growth aimed at poverty alleviation and improvement in quality of life. Given the fiscal constraints that leave little room for expanding public investment at the scale required, Public Private Partnership (PPP) has emerged as the principal vehicle for attracting private investment in infrastructure.

Re-monetization is a wicked problem and there is no standard policy prescription available in policy sciences (e.g. economics). This is what has led Amartya Sen to label re-monetization as an “unguided missile”. Conventionally, policy makers deal with tame problems or guided missiles.