Abhishek Anand @abhishekecon
Founder & MD, Insignia Policy Research | Visiting Fellow @MIDS_Chennai mids.ac.in/abhishek/ Joined May 2010-
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In 2013, a trio of UMass scholars, using selective citation and polemic misrepresentation, “proved” that high debt matters little for growth by finding an error in an early conference paper. Yet the full published 2012 paper reached the same conclusions and had no errors.
Excited to be speaking at Development Dialogues seminar series organised by @MIDS_Chennai, where we will present our paper: “The Electricity Sector: A New Perspective, New Facts and the Need for Alarm.” Our work highlights how current pricing structures violate basic principles…
1/ Today, the GST Council meets to consider long-overdue reforms. The big proposal: eliminate the 12% & 28% slabs. But the truth is India’s GST is far more complicated than the “5-slab system” we think it is. 🧵
1/ Today, the GST Council meets to consider long-overdue reforms. The big proposal: eliminate the 12% & 28% slabs. But the truth is India’s GST is far more complicated than the “5-slab system” we think it is. 🧵 https://t.co/K625Hrf3mN
Costs: -arbitrary & coercive implementation -rent-seeking -revenue loss -unease of doing business The GST Council must not only eliminate high rates on some goods, especially those in 28% slab it must address broader challenge of complexity for GST 2.0 to be better than GST 1.0
Question for today's GST Council Meeting: How simple is India's GST? Answer in our @bsindia piece is sobering Nearly 45 distinct rates (Table 1) Complexity from duty inversion & arbitrary, value- & end-use based classifications (Table 2) Costs to govt. & taxpayer are huge 1/
Back in my first year of BA (2017), I read my very first Econ Survey authored by @arvindsubraman, @abhishekecon & the brilliant minds at MoF. Concept of UBI fascinated me & the discussions it sparked my interest for econ. This picture with them feels like life coming full circle.
Glad to join @naveenth on @CPPRIndia 's Policy Beyond Politics podcast to discuss our recent JDE paper — “Multiplying multi-plants: A new and consequential phenomenon" (with @arvindsubraman). We explore why Indian firms are increasingly adopting a multi-plant strategy, its…
Glad to join @naveenth on @CPPRIndia 's Policy Beyond Politics podcast to discuss our recent JDE paper — “Multiplying multi-plants: A new and consequential phenomenon" (with @arvindsubraman). We explore why Indian firms are increasingly adopting a multi-plant strategy, its…
In our latest for @IndianExpress, we show how India’s power sector is quietly taxing growth: 1️⃣ Electricity pricing = a 100% tax on manufacturing, with firms paying nearly double the efficient cost 2️⃣ Household subsidies now rival agriculture, costing ~1.3% of GDP 3️⃣ 70–85% of…
As India responds to tariff shock to improve competitiveness, power sector reforms are critical: @IndianExpress: indianexpress.com/article/opinio… New facts: Electricity imposes a 100% tax on mfg. because middle class & rich households are heavily subsidised, almost as much as farmers
Something remarkable just happened in Pakistan. In only 8 months, citizens built the equivalent of half the country’s national electric grid, without waiting for government or utilities. How? ☀️ Cheap solar panels ☀️ TikTok tutorials showing how to install them ☀️ Farmers…
GST rate structure needs rationalization. That would be desirable structural reform The new structure could be as I had proposed here: gstcouncil.gov.in/sites/default/… adapted to present: Standard rate of 12-13%, lower rate of 6-8% & demerit rate of ~40% w/ all cesses folded into it
Undesirable because: Cuts would lead to a reduction in overall size of GST kitty which would lead to contentious jockeying for resources between Center and the states. If cesses are retained, this would make GST 2.0 as messy & rife with bad incentives as GST 1.0 2/

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