The Economic Times

Had distress been driving poor people to work, Female Workforce Participate Rate would have risen fastest for the poorest deciles of the rural population. In fact, rise has been slowest for the poorest decile, from 16.5% to just 19%. It […]

Singh was a Jat farm leader of UP, whose grandson Jayant Chaudhary heads RLD. The grandfather gained fame in 1958 for opposing the forced co-relativisation of farms. UP politics was dominated by upper castes in the 1950s. The ambitious Singh

For any economy to grow at this rate when so many others are sinking is notable. Pakistan, Sri Lanka and Bangladesh — all India’s neighbours — have been obliged to seek emergency assistance from the IMF. All politicians boast, but

Some thought Marxism would die after the collapse of the USSR. But they were wrong. Every year, close to a billion youngsters reach the age of 20. Like the young Murthy, they will be attracted to socialism and its emphasis

RBI projects economic growth at 7.3% for 2023-24, surpassing earlier estimates. The current year’s recovery is significant, especially considering the decline in agricultural production due to poor rains caused by El Nino. Manufacturing and services sectors have thrived, compensating for

Piketty and Chancel analysed different periods of taxation in India, and concluded that inequality dropped sharply from 1950 to the early 1980s under Nehru-Indira’s socialism, but then rose sharply in the era of economic liberalisation. Was the Nehru-Indira era good

Traditional data cannot capture the fantastic growth of globalisation through digital services. Much of it is free, and traditional statistics simply cannot capture the invaluable addition to human welfare through free services. ChatGPT has even made AI available to billions

The entire world economy has defied pessimists, and 2023 is turning out to be a much better year than expected. The good news will spill over into 2024. Hence, one can expect markets to rise across the world. Emerging markets

India can afford more freebies than the others without creating a crisis. Yet, it is sobering that India’s people remain poorer than others in South Asia, even as the country claims to be a rising superpower. GoI boasts that India

To meet the climate challenge, coal will be slowly phased out. This will have dramatic results. Indian Railways will lose huge revenues from coal transport. The closure of coal mines will cost millions of jobs, mostly in the eastern region.