Synopsis Whom do voters blame for rising corruption? The central or state governments? They blame the central government (25%) a bit more than state governments (18%). But no less than 56% of voters say ‘both’. Journalist Smita Gupta has travelled […]
Synopsis It would be wrong to say that RBI blindly follows the US Fed. But it targets CPI, and that can lead to errors. India’s WPI has changed little since late 2022, moving up and down in a 4% band
How RBI can lead central banks in lowering rates instead of following the Fed Read More »
Synopsis The new Congress election manifesto makes no mention of OPS. Answering questions, P Chidambaram said OPS was very much on the party’s mind, but it was waiting to react to the report of an official committee on the issue.
Congress’ Strategy: OPS… they did it again! Read More »
India has agreed to reduce import duties on electric vehicles (EVs) for companies like Tesla, clearing the way for the automaker to enter the Indian market. The reduced duty, from 70-100% to 15%, applies to all global companies, not just
Consider per-capita GDP in the top half of states. The richest are the mini-states of Goa and Sikkim. Among major states, toppers are Telangana and Karnataka, but Haryana, a northern state, is a close third. Tamil Nadu comes lower. Next
Had distress been driving poor people to work, Female Workforce Participate Rate would have risen fastest for the poorest deciles of the rural population. In fact, rise has been slowest for the poorest decile, from 16.5% to just 19%. It
Increased female participation in workforce implies prosperity, not distress Read More »
Singh was a Jat farm leader of UP, whose grandson Jayant Chaudhary heads RLD. The grandfather gained fame in 1958 for opposing the forced co-relativisation of farms. UP politics was dominated by upper castes in the 1950s. The ambitious Singh
Rao over racket of Bharat Ratnas Read More »
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
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 »
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