Economists have, for over a month, had an internet debate on growth and social spending. It started with the Financial Times citing Nobel Laureate Amartya Sen as saying it would be \”stupid\” to focus on double-digit GDP growth without spending […]
It\’s social spend boom, stupid Read More »
Economists have, for over a month, had an internet debate on growth and social spending. It started with the Financial Times citing Nobel Laureate Amartya Sen as saying it would be \”stupid\” to focus on double-digit GDP growth without spending
It\’s social spend boom, stupid Read More »
Most budgets are dominated by tax rates and high finance. But Budget 2011 will be dominated by inflation and corruption, the current two political hot potatoes. Finance Minister Pranab Mukherjee will have to announce tax and administrative changes to curb
Budget 2011: Rising prices & black money under the spotlight this year Read More »
The Cabinet reshuffle last week led to profuse but mostly vacuous analysis on TV. Many analysts claimed the reshuffle aimed to influence the 2014 parliamentary elections. Some opined that the coming state election in Uttar Pradesh was a major consideration:
Electoral irrelevance of Cabinet reshuffles Read More »
Foxconn , the world’s biggest manufacturer of electronic components, runs an entire city of 4,50,000 workers in China, Foxconn city. This summer, 14 workers committed suicide. The media blamed this on low wages and bad working conditions. One Chinese professor
MFIs must go beyond lending Read More »
What\’s India\’s position in the world as we enter a new decade? In 1990, India was seen as a bottomless pit for foreign aid, holding world records in starvation and poverty. India tried to project itself as a Third World
India\’s global image is driven by private initiative Read More »
What\’s India\’s position in the world as we enter a new decade? In 1990, India was seen as a bottomless pit for foreign aid, holding world records in starvation and poverty. India tried to project itself as a Third World
India\’s global image is driven by private initiative Read More »
Corruption booms when perverse incentives reward rather than penalize it. We need institutional changes to end those perverse incentives. I hope 2010 will go down as the year when an angry electorate finally obliged politicians to stop treating politics as
Free the police of political control Read More »
Many say that fast GDP growth has benefited only a few rich businessmen. That\’s simply false. The latest data and research show that record GDP growth has benefited the masses and the poorest states. Poverty has fallen sharply and the
Fast growth slashes poverty, wins elections Read More »
I rarely cross swords with Shankar Acharya, former chief economic adviser and one of the savviest observers of the Indian scene. But I must do so on the exchange rate. Contrary to what he and some other analysts claim, the
The rupee is not too strong Read More »
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