As yet another budget rolls up, the usual expectation of a tax cut has reared its head again among the Indian middle-class that continues to seek a cut in the burden that they carry ...

We moved in separate worlds, which, in my mind, only grew further apart as India lurched ahead as a global economic power. The rich got richer; the poor mostly stayed poor. And the gap widened.

To achieve this, the state needs to mediate between various institutions, ensure fair play through the efficient regulation of markets, and implement transfer and taxation policies to redistribute ...