The Economic Times

Why the Sky is Not Falling

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%, […]

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Notwithstanding No Naukri

Why did rising unemployment not hurt Prime Minister Narendra Modi? The latest National Sample Survey Office (NSSO) report shows that unemployment has risen to a record 6.1% in 2017-18, almost triple the 2.2% in 2011-12. NSSO claims this is partly

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Oh, Let Baigan Be Baigan!

Farmers — not activists — prove the case for genetically modified brinjal Haryana has cracked down on genetically modified (GM) brinjal (eggplant). This variety passed field trials back in 2009, but was stalled by alarmist activists, who bludgeoned a timid

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So Much for Hindu Rashtra

We, the people of India, are all Africans, Harappans, Steppe Asians and more While BJP trumpets Hindu nationalism in its election campaign, the question, ‘Who are we?’ has been answered brilliantly by Tony Joseph in a new book, Early Indians:

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Choke City to MetroPolis

Tax vehicle entry into cities to fund metro rail expansion and lower pollution Traffic congestion and pollution in major Indian cities have become unbearable. The two are connected. When road jams occur, and a journey takes an hour instead of

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Watch Out, Capital Dumpers

A case for a minimum alternative tax on revenues, not on profits Few would believe that the International Monetary Fund’s (IMF) managing director, Christine Lagarde, would ever call for developing countries to increase taxation of multinational corporations. She has done

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Counting on Better Numbers

RBI needs to calculate and monitor public sector borrowing requirement After the interim budget, economic experts on TV bemoaned the smoke and mirrors that cloak the true extent of the fiscal deficit. The Comptroller and Auditor General (CAG) recently castigated

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Lucknow, For Delhi Later?

Mayawati has a better chance of becoming PM than Rahul Gandhi In recent months, the prospect of a mahagathbandhan (grand alliance) of Opposition parties presenting a united front against the BJP has sparked widespread speculation that Prime Minister Narendra Modi will

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