The importance of services exports; Banking in the aftermath of SVB; rethinking the Information Technology Act, 2000
The importance of services exports
My column in the Business Standard on Monday was The importance of services exports. In India we’re all a bit jaded on the services exports story which has been in play since the mid-1980s. But the evidence for 2012-2022 suggests that even in this period, this remains the dynamic sector. Strategic thinking in the private sector and in the government needs to ride this megatrend. Alongside this, it’s interesting and important to wonder what went wrong with goods exports.
Banking in the aftermath of the failure of Silicon Valley Bank
Everyone is a bit shocked at how Silicon Valley Bank failed. Episode 323 of The Seen and the Unseen features Mohit Satyanand, Amit Varma and me discussing this failure in the small, and the surrounding questions about how the economy can be organised with a smaller role for banking, and about the problems of bank resolution in India.
Revising the Information Technology Act, 2000
The Information Technology Act, 2000 (IT Act) has various shortcomings and is generally considered to be an outdated law. In a new report, Rishab Bailey, Vrinda Bhandari, Renuka Sane and Karthik Suresh study four topics covered by the IT Act — censorship, intermediary liability, surveillance, and cybersecurity — and offer the path to improvements of the law. On the web page for the report, we have the report itself, a video, a blog article summarising the report, and media coverage.