Tackle the factors that make India uncompetitive, long-term growth’s greatest threat The Indian economy keeps sliding downward. GDP decelerated steadily from 8.2% in the first quarter of 2018-19 to 5.8% in the last quarter. Is this a short-term blip, or […]
Where’s the Competition? Read More »
I have long advocated a plebiscite in Kashmir, allowing the Kashmiris to split way if they so choose, as the only moral, liberal solution. Alas, all political parties reject that… Continuing with Article 370 of the Constitution — as many
Next step: A West Bank in Kashmir? Read More »
Bank nationalisation was an economic failure, but a smashing political success Swaminathan S Anklesaria Aiyar The 50th anniversary of the nationalisation of big banks by Prime Minister Indira Gandhi has attracted limited comment. Some critics call it a terrible economic
Indira Gandhi’s Achhe Din Read More »
Rahul Gandhi’s resignation as Congress president has been followed by an exodus of Congress MLAs in Karnataka and Goa. The party has long been a bunch of opportunists held together only by dependence on the Gandhis to attain power. Without
Without Gandhi glue, Cong will come unstuck Read More »
France shows the way in taxing digital giants and presenting a united front to the US France has enacted legislation to tax digital giants like Amazon and Facebook on their revenue, not profits. India — which levies a 6% tax
Tech What One Deserves Read More »
The Economic Survey said rightly that no country had ever grown fast without buoyant exports, and called for policies to generate a virtuous cycle of rising exports, GDP, savings and investment. The budget fails comprehensively to do this. Far from
Budget has failed to create an India that can compete Read More »
Draft amendments to the Indian Forest Act have been circulated for comment, and provoked much controversy. The ministry of environment proposes enhanced powers for the police and bureaucrats in dealing with forest tribals to improve forest cover. In 2015, the
Take a leaf from Gujarat, and let tribals own and operate forests Read More »
The Prime Minister held a meeting with other party leaders last Wednesday to promote his longstanding idea of simultaneous elections for the Lok Sabha and state assemblies. Many Opposition leaders are bitterly opposed to this and boycotted the meeting. They
‘One nation, two elections’ can be a good compromise solution for Modi Read More »
There are technical weaknesses in Subramanian’s claim of 4.5% growth Last week, former Chief Economic Adviser Arvind Subramanian claimed in an Indian Express column (bit.do/ eVn2A), based on his new research paper, that GDP growth in 2011-16 was only 4.5%,
Why the Sky is Not Falling Read More »
Arvind Subramanian, former Chief Economic Advisor, says in a sensational newspaper column that India’s GDP growth rate since 2011 has been only 4.5%, far short of the official 7%. Sorry, this is too bad to be true. Many economists have
Subramanian fails the smell test no less than India’s GDP data Read More »
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