For decentralization to work, dispersion of power is MUST!

The interesting new book "In Service of Republic The Art and Science of Economic Policy" has been receiving wide discourse in public among different stakeholders. Its not surprising to see some are not able to understand the core issues highlighted in the book due do their own egos!

Here are some review and excerpts published by different platforms:

Taking Governance Decentralisation Seriously

“The organic development of the economic system, with freedom in the hands of each individual, works better than instructions from the top.”

Interview with Vijay Kelkar & Ajay Shah: ‘The middle-income trap can happen here’

India’s leaders must choose a few things to do, do them well, and only then move on to other things, Kelkar and Shah say

this readable collection of essays should be in the hands of as many lay people as students of economics and public policy.

Vijay Kelkar suggests single GST rate of 10 % as the ideal reform of the indirect tax structure

Of Mao, Modi and law of unintended consequences

The “cost to society for every rupee of public funding is around 3” compared to 1.5-2 in developed economies.