At a time when the economic scenario is being furiously debated, conventional wisdom may incline the decision maker to making a choice like ‘either Growth or Fiscal consolidation’, but notwithstanding the tough task at hand, a truly visionary leadership will need to pursue both growth and fiscal consolidation simultaneously.

Many a time, our policy makers confuse speculation with manipulation. They put too many restrictions that curb even healthy speculation. I have heard even comments like we should encourage genuine investors but not speculators.

Increasing activism from civil society groups and NGOs have had a deleterious impact on India’s GDP. Opposition to mining and power projects and the concomitant impact on down-stream manufacturing has impacted the economy. Coupled with the stalled coal allocation, the impact on GDP is to the extent of 2.2% in our estimate.

Monetary easing will aid the government's effort to accelerate economy's growth engine as quickly as possible- Nirmal Jain

Post actual results of polls on May 16, depending on the outcome, there will be volatility. But soon after, the markets will again focus on macroeconomic fundamentals, which we believe are improving and that is the basis of the rally over the next three-five years.

Entrepreneurs' decision to invest is based on expectations of profit and not on actual profit itself, which is why it is important for the government to revive sentiment, Nirmal Jain says.

When I was in school, bureaucracy, or getting a job in the government especially the IAS was the 'Dream Job'.

Take the most talked about state in India - Gujarat as a country then the nearest equivalent of the country in population terms would be Italy. If you take the GDP Equivalent then SURPRISE!! SURPRISE!! it will be closer to Angola. If you take per capita GDP then Gujarat will look like Congo.

Be ready for another 25 bps rate hike when the Governor announces the credit policy. After all, he has to rein in or maybe reign in inflation.

Some beginning has been made with the government planning an urban employment scheme similar to NREGA, which was targeted at rural India.