Summaries by Somnath Mukherjee

India faces a perplexing foreign capital exodus despite strong macro indicators, demanding unconventional solutions. The author proposes three key remedies: widening rupee-dollar yield spreads via higher local interest rates, allowing equity market corrections through overseas capital flows, and easing capital gains taxes while increasing corporate taxes. These measures aim to boost India's attractiveness for foreign investors and stimulate domestic investment in critical sectors. The article advocates for data-driven policy adjustments, moving beyond dogma for effective economic solutions.