For any economy to grow at this rate when so many others are sinking is notable. Pakistan, Sri Lanka and Bangladesh — all India’s neighbours — have been obliged to seek emergency assistance from the IMF. All politicians boast, but […]
Budget sparkles, minus fireworks Read More »
Some thought Marxism would die after the collapse of the USSR. But they were wrong. Every year, close to a billion youngsters reach the age of 20. Like the young Murthy, they will be attracted to socialism and its emphasis
For Hindus, a tirth sthal is about seeking and fulfilling a search for one’s own salvation Prime Minister Narendra Modi succeeded in making the inauguration of the Ram temple at Ayodhya one of the most-watched events in the history of Indian television. Can he
Ayodhya is buzzing but can it make the big leap to tirth sthal? Read More »
RBI projects economic growth at 7.3% for 2023-24, surpassing earlier estimates. The current year’s recovery is significant, especially considering the decline in agricultural production due to poor rains caused by El Nino. Manufacturing and services sectors have thrived, compensating for
Why India’s K-shaped recovery theories are wrong Read More »
Having served 14 years of a life term in jail, the convicts had asked for release on the ground of old age and ‘good behaviour’. How can ‘good conduct’ in jail compensate for the horrors wreaked on Bilkis and her
SC verdict on Bilkis Bano comes as a welcome breath of justice Read More »
Will this interim budget really be a bore? After all, this is an election year. But the BJP is so certain of winning that it has no need to look to the interim budget for votes. Sitharaman will doubtless talk
Feb budget may have rhetoric, but not sops Read More »
Piketty and Chancel analysed different periods of taxation in India, and concluded that inequality dropped sharply from 1950 to the early 1980s under Nehru-Indira’s socialism, but then rose sharply in the era of economic liberalisation. Was the Nehru-Indira era good
Recalculate inequality — it hasn’t worsened over time, it’s stayed the same Read More »
Letting youngsters decide who they want to marry might have an unexpected benefit for the economy. I am currently holidaying in Bali. Many readers will know that 90% of Bali’s population is Hindu in a country that is overwhelmingly Muslim. I
Lesson from Bali: India needs more love marriages Read More »
Traditional data cannot capture the fantastic growth of globalisation through digital services. Much of it is free, and traditional statistics simply cannot capture the invaluable addition to human welfare through free services. ChatGPT has even made AI available to billions
Do not mourn the death of globalisation — like it or not, it is alive and kicking Read More »
Developing countries have contributed very little to the total greenhouse gases in the atmosphere. Why should they not be able to produce what the rich countries produced to become rich? Climate summits are occasions for massive hypocrisy. COP28 in Dubai has just
Why West has no right to lecture India on coal usage Read More »
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