The Economic Times

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 […]

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

The entire world economy has defied pessimists, and 2023 is turning out to be a much better year than expected. The good news will spill over into 2024. Hence, one can expect markets to rise across the world. Emerging markets

India can afford more freebies than the others without creating a crisis. Yet, it is sobering that India’s people remain poorer than others in South Asia, even as the country claims to be a rising superpower. GoI boasts that India

To meet the climate challenge, coal will be slowly phased out. This will have dramatic results. Indian Railways will lose huge revenues from coal transport. The closure of coal mines will cost millions of jobs, mostly in the eastern region.

The author reflects on his visit to Uzbekistan and highlights the rich history and educational significance of the ancient madrasas in Samarkand, Bukhara, and Khiva. He emphasizes the need for India to change the negative perception of madrasas and suggests

Western critics are not seriously discomfited by India killing terrorists at home, or even covertly in Pakistan. What they cannot stand is the killing of Western citizens. They argue that this is unwarranted since there is rule of law in

India, too, is copying the Chinese economic model. The government says free trade has reached its limits, and so has been raising tariffs for five years. It has offered subsidies as high as 50% for some sectors like chip fabrication.

China strongly favours expansion of BRICS, seeing a chance to convert the grouping into an anti-Western front by inducting countries dependent on Chinese aid and investment. India should argue against rapid membership expansion where it will have little influence. The

In India, industry’s share of jobs (25%) is actually higher than in Bangladesh (22%) or Indonesia (22%), and not much lower than in China (28%). Of course we would love to have a still higher share, but you cannot say