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Heed favourite economist's advice

Financial Express Lucknow

|

January 25, 2026

One of the recommendations of Dr Panagariya is that the government commit itself to a uniform 7% rate across imports

With respect, lam unable to put my finger on a measure in 2025 that will qualify as a significant economic reform.

patronised Bharatiya Mazdoor Sangh (BMS); and

M™@ The enactment of the unpronounceable VB GRAM-G Act, far from a reform, destroyed the world’s largest work-cum-welfare programme that sustained the lives and livelihoods of 8.6 crore job card holders among the rural poor.

In a subtle dig at the government, Dr Panagariya has listed six measures the government ought to take in 2026. The agenda is an indictment of the anti-reform stance of the government in the last 11 years. It is a clever flip of the coin. By calling ‘heads’, Dr Panagariya has confessed that the call, so far, was ‘tails’.

Sensible advice

Let’s look at the six recommendations:

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