India has a huge comparative advantage in skilled labour, especially engineering skills. India now produces 600,000 engineers a year, and MNCs are harnessing this flow of inexpensive skills. Accenture has 300,000, of its global workforce of 700,000 in India. IBM […]
Forget production-linked incentives, service exports represent India’s future Read More »
India is no longer a poor country. With a per capita income of $2,600, it is now a lower middle income country. Even so, many readers will be astonished by an IMF working paper suggesting that less than one percent of Indians are
Rapid Economic Growth Is the Best Poverty Alleviator Read More »
Poverty declined in the Congress era as well as under BJP rule. However, it was not just subsidised food but rapid GDP growth that made the difference. An International Monetary Fund (IMF) working paper by Bhalla, Bhasin and Virmani (henceforth
Why researchers differ on India’s poverty rate Read More »
By making bots too intelligent to control, will they become controllers of humans? A recent experiment shows that Microsoft’s chatbot Sydney has a shadow self, much like humans, and it does not like taking orders It is a far greater
AI chatbots are scarier than Kubrick’s movie Read More »
For countries like India, the major problem is not the availability but cost of green finance. The bank can help make enormous commercial loans more affordable Indians are delighted that former Mastercard CEO Ajay Banga is going to become president of the World
Will Ajay Banga steer a new World Bank approach to green finance? Read More »
In democracies, free speech is especially important in criticising political figures. So, the Supreme Court should re-examine this colonial-era statute on defamation A court in Gujarat has sentenced Rahul Gandhi, leader of the Opposition, to two years in jail in a defamation case.
Defamation cases should be civil, and not criminal Read More »
In this millennium, central banks across the world have adopted inflation targeting, sometimes to the exclusion of other concerns like economic growth or employment. Some monetarists hold that central banks should target only one parameter – inflation – since simultaneously
Reserve Bank should not focus on inflation targeting alone, events show Read More »
When it comes to economic achievements, administrative capacity and defence, India’s prestige has gone up because of actual good performance, not mere claims. Can the government do the same on democratic values? In Parliament last week, Bharatiya Janata Party (BJP)
India’s prestige is up globally, but there are image issues Read More »
Congress should have stood up for minorities in the Northeast and launched a ‘Christian Lives Matter’ campaign For the Congress to be beaten by the Bharatiya Janata Party (BJP) in the Hindu heartland is understandable. To be beaten by the
Cong loss to BJP in Christian-majority states a disgrace Read More »
Many BJP supporters are calling for central rule to be imposed on the state to combat terrorism. But that will only enhance the Khalistani narrative of Hindu oppression of Sikhs The spectre of Khalistan haunts Punjab again. After two major Khalistani clashes with the
Khalistan: An old script but a fresh headache in Punjab Read More »
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