Swaminathan S. Anklesaria Aiyar

There’s no correlation between female empowerment and age of marriage

GoI has proposed raising the minimum age of marriage for women from 18 years to 21, the minimum age for men. This supposedly aims to empower women and erode patriarchy, giving girls more time to study and choose their future. Alas, the main motive is a different, misinformed one – to reduce population growth, which […]

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War may not be probable, but geopolitical clouds threaten the world economy

Stock markets have soared to absurd heights this year, and the current correction is no surprise. Fears remain that the downtrend will gather momentum and become a crash. Which factors will most likely produce a crash? Some point to rising interest rates, since central banks across the world can no longer ignore inflationary trends and

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Piketty’s super-rich tax is not going to end inequality

The World Inequality Report 2022, drafted by French economist Thomas Piketty and his colleague, once again highlights high and growing inequality across countries. It calls for draconian taxes on the super-rich to help the poor and middle class. The authors have long shouted themselves hoarse, warning of apocalypse if inequality keeps rising. But far from

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Power freebies show pitfalls of electoral politics

Always sacrifice economic sense if it wins a few more votes. That logic drives competitive politics in India, spurring myopic measures that inflict long-term damage. Too many elections are dominated by three issues — subsidies, job reservations and communalism. Economists Mundle and Sikdar estimate that merit subsidies (for elementary and secondary education, food distribution, water

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The biggest mistake India can make in fighting Omicron is imposing another lockdown

Many countries, especially in Europe, have started locking down their economies again to combat a resurgence of Covid-19. A new Covid strain out of South Africa, Omicron appears to be particularly virulent, and some countries are banning flights from Africa. Many in India will call for stringent lockdowns, including a shutdown of international air traffic,

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