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While showcasing the quantitative aspects of India’s demographic sweet spot, it is also important to draw attention to the qualitative aspect in terms of basic social infrastructure.

Liquidity issues arising from delayed payments and unsold goods was cited as the biggest reason.

The RBI governor mentioned he’s willing to do “whatever it takes”. He has to follow this up. The government for its part has to nudge small savings and deposit rates lower to help transmission.

An external sovereign wealth fund (SWF) could convert some of India’s reserves into global equities, real estate and corporate debt through liquid index funds. Mint probes whether the country really needs an SWF.

What has our Monetary Policy Framework achieved? One of the highest real interest rates in the world! There’s a need to revise the monetary framework and give the MPC a ‘soft’ dual mandate of inflation and growth targets.

Population pyramids, which show the age and sex distribution of any country, help us understand how demographic transition plays out and speculate about its medium-term economic prospects. Mint takes a look at the pyramids for India and China and their implications.

HCCs are securities that give access to a specified fraction of an individual’s or a group’s future incomes for a fixed period in return for a lump sum payment today.

Subramanian’s growth claims would imply a strange boost in tax to GDP ratio.