Current Issue

In the May 2025 issue, the lead paper by Anoop Singh, Radha Malani, and Shruti Gupta compares India's reporting practices with international standards, emphasising the need for accrual accounting, comprehensive reporting, and eliminating the misclassification of capital expenditure. Rohith and Surya Prakash analyse budgetary allocation towards the judiciary at both union and state government levels, revealing vertical disparities between union and state governments as well as horizontal disparities across states in judicial budget allocation. Shailender Kumar Hooda reviews demand- and supply-side factors in the medical devices industry, examining socio-economic, market-enabling, technological, and policy instruments that could drive growth. M. Rahul and Sourashree Mukherjee explore the ramifications and opportunities arising from the tariff war initiated by President Donald J. Trump during his second term. Finally, Narayan Ramachandran reviews Arvind Panagariya's latest book, "The Nehru Development Model: History and Its Lasting Impact."