Bibek Debroy

Paper published by IPPR suggests new indirect tax regime led to increasing economic integration among states

Economic Advisory Council to the Prime Minister (EAC-PM) chairman Bibek Debroy on Friday took to Twitter to complain about services of Tata-owned Air India, saying that the airline was "better before privatisation". In a series of tweets, he said that he was fed up with Air India after the flight AI 687 from Mumbai to Delhi was delayed. Replying to one of the tweets, Air India said the flight is delayed due to operational reasons. "Fed up with Air India. Booked on AI 687 to Delhi. Scheduled time of departure 16.35. ETD keeps changing. Now 19.00. No information even now. It was better before privatisation...," he said. Further, Debroy said it is a conscious decision that given a choice he will never fly Air India in the foreseeable future. "This is much worse than pre-privatisation days. No one seems to be responsible. STD changing ever 15 minutes. Staff at counter continuously changing statements. @airindiain," he said. Debroy also said that more planes being ordered doesn't ...

He said that basic necessities have been provided to the people and more so in the rural areas by the government

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'Global headwinds apart, there is consensus that the Indian economy this year (FY23) will grow 6.8-7 per cent'

Economic Advisory Council to the Prime Minister (EAC-PM)Chairman Bibek Debroy on Monday said India should have a single rate GST and taxation regime devoid of exemptions. He said the tax collection of the Centre and states combined is just 15 per cent of GDP, while the demand for government spending on public infrastructure is much higher. "On GST, it is my submission, therefore, there should be a single rate. I don't think we will ever get it," Debroy said at an event here. If the differential tax rates for products of 'elitist nature' and those of mass consumption are done away with, it would lessen litigation, he added. "As a polity, we need to recognise that the GST really should be the same regardless of the product. If progressivity is to be introduced, it is best done by direct taxes, not GST, or indirect taxes," Debroy noted. Debroy also clarified that his speech should not be construed as a recommendation of the PMEAC. The estimate of the GST revenue neutral rate (RNR) m

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Harvard Business School professor Christian Ketels says it isn't useful to think of manufacturing versus services jobs; a range of sectors need to be mobilised for job creation

Says country will the milestone assumed in the Budget despite the tense geopolitical situation

Indian economy's size will touch USD 20 trillion by 2047 provided the annual average growth is 7-7.5 per cent in the next 25 years, Economic Advisory Council to the Prime Minister (EAC-PM) Chairman Bibek Debroy said on Tuesday. Releasing 'The Competitiveness Roadmap for India@100', Debroy also said the country's annual per capita income will be over USD 10,000 if the country grows at an average economic growth rate of 7-7.5 per cent in the next 25 years. According to him, India will also be among high human development category countries by 2047. India, which is the world's sixth largest economy with a GDP of USD 2.7 trillion, is currently classified as a developing nation. Prime Minister Narendra Modi has set an ambitious target of making India a developed nation by 2047. A developed country is typically characterised by a relatively high level of economic growth, a general standard of living, and higher per capita income as well as performing well on the Human Development Index

According to the report, while growth has taken place in terms of an increase in wages earned, the benefits of that growth have been concentrated and this has marginalised the poor further

In the last many years, Mr Debroy has translated several Hindu epics into simple English prose, even though they were originally written in narrative couplets

He said the State Finance Commission's recommendations were not given much attention even as two-thirds of the public expenditure occurred at the state level

The winners of various awards said that while it will take some time to get over the impact of Covid, the economy is picking pace and projections look good

As the year 2021 draws to a close, the Business Standard awards would bring together the highest-achieving companies and their leaders together on one platform

India's economy is moving towards a higher growth trajectory and is likely to grow at around 10 per cent in 2021-22, Economic Advisory Council to the Prime Minister Chairman Bibek Debroy said

According to a Cabinet Secretariat notification, the Council would analyse any issue, economic or otherwise, referred to it by the Prime Minister

He said the Budget has made a significant push towards reforming the financial sector and adding vitality to it

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