Quotes from Bibek Debroy

Deep and liquid markets in a country's domestic economy are the essential shock absorbers through which the perilous waters of international financial integration can be navigated.

Achieving such deep and liquid markets requires large-scale financial sector reforms, with a complete replacement of the existing regulatory framework.

India's first prime minister, Jawaharlal Nehru, and many others in the post-independence leadership—though, emphatically, not all within this cohort—deeply believed that the combination of liberal democracy, civic nationalism, and socialist economics was essential to successfully building a modern Indian state.

India's post-independence leadership eschewed parochial nationalism in favor of civic nationalism where the rights and privileges of being Indian were conceived as arising not from some pre-existent modes of belonging—religion, race, or ethnicity—but instead from participation in a collective political endeavor.

As with the Mahabharata, the Valmiki Ramayana is a smriti text. It has a human origin and composer, it is not a shruti text. Smriti texts are society and context specific.

The adjective, shrimat means splendid or glorious. In other words, the expression means the glorious Bhagavad Gita.

Bhishma, has borne the great burden of the Kouravas, and with him, all that knowledge is about to set. That is the reason I am asking you to approach him.

Brihadbala was the last Kosala king. In the Kurukshetra War, he fought on the side of the Kouravas and was killed by

in Jain accounts, Ravana is killed by Lakshmana. In Dasharatha Jataka, Sita is Rama's sister. In Ramayana and Purana accounts, Rama is Vishnu's seventh avatara.

He (Abhimanyu) picked up a chariot wheel and angrily rushed at Drona. His limbs blazed because of the dust raised by the wheels. He was radiant with the chariot wheel raised high in his arms. In that battle, for a short while, Abhimanyu looked beautiful and seemed to replicate the deeds of Vasudeva.

For any society, two concerns are paramount—economic growth and improvement in the well-being of the poor. Growth is needed to finance redistribution. This redistribution typically takes two forms—productive investment, for example, the financing of infrastructure, expenditures on health and education, and simple transfers of income.

Dropouts are only one outcome of bad quality. Poor learning outcomes, low employability of graduates, low productivity, and consequent low wages constitute another set of outcomes.

He who has not repeatedly heard and studied the Gita, yet desires liberation, will be laughed at by children. But those who hear it and study it are not humans. They are certainly like the gods.

Differences in morbidity, mortality, and nutritional status linked to differences in socioeconomic status, caste, class, gender, and geography persist in India.