The Economic Times

A zillion criticisms of capitalism have come from the Left. But an increasing number are now coming from the Right. They come out with a ringing cry, ‘Joseph Schumpeter, where are you? We need you.’ Schumpeterians long for the churn of […]

Top economists agree that India faces a chronic under-supply of government-supplied public goods. These include basic education, health, nutrition and infrastructure. Their supply is hamstrung by, among other things, grossly insufficient decentralisation of power to cities and villages; lack of quality administrative services and domain

Synopsis The recent election results in India have shown a decline in BJP’s performance, challenging Narendra Modi’s authority. The BJP fell short of expectations, signaling a shift in the country’s political landscape. Hurrah for democracy! Rarely has an election ended with

Synopsis India, with a GDP growth exceeding 8% in 2023-24, is the fastest-growing major economy. Despite being recommended by Morgan Stanley and other investment houses for investors in emerging markets, foreign investment in Indian stock markets remains low. India is

Synopsis BJP has changed its stance on buffalo meat exports, impacting the industry, especially in the context of vigilante attacks on cattle traders accused of transporting cows for slaughter. What has been one of the most surprising events of Narendra Modi’s

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

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.

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