-DNA In the midst of the euphoria in the capital markets, after a strong mandate for Narendra Modi, the loud cries of wailing farm widows have been lost in the noise and cacophony that followed. To my mind, this is the biggest policy paralysis that afflicts the country. So when I heard Modi speak at the Central Hall of Parliament the other day: "Ours will be a government that thinks, works and...
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Failed politics, winning economics -James Manor
-The Indian Express Contrary to conventional wisdom, the UPA lost despite an inclusive, growing economy. Economists have been busy telling us that the economy decided the election result. We heard it during the campaign and they have been at it again in their post-mortems. They are wrong. Consider some evidence. Most Indians live in rural areas. Elections are won and lost there. So for any government, it makes good electoral sense to look...
More »Inclusive growth, an exaggerated claim -Raghav Gaiha, Manoj K Pandey and Vani S Kulkarni
-The Hindu Business Line Claims that the economic gap in India is being bridged are not borne out by NSS data Recent accounts of poverty reduction - especially during 2004-11- triggered by the release of the 68th round of the NSS data, have been euphoric. Growth acceleration not just resulted in more rapid poverty reduction over this period than during 1993-2004 but it was also more inclusive as the most disadvantaged groups,...
More »Advice to cut reach of job scheme -Basant Kumar Mohanty
-The Telegraph Officials are set to propose to the Narendra Modi government that the UPA's blockbuster rural job scheme be restricted to select districts as the decision in 2008 to extend it to all districts was not required. The officials of the rural development ministry are expected to tell the new minister that the funds allocated for the implementation of Mahatma Gandhi National Rural Employment Act (MGNREGA) were not adequate for national...
More »India's non-solutions for reducing inequality-Rajiv Shastri
-The Business Standard Or, why our subsidy and tax policies have been almost exactly wrong Thomas Piketty's seminal book on inequality, Capital in the Twenty-First Century, comes at a fortuitous time. Although inequality has been a well-discussed issue in India for some time now, the success of the book contributes by sharpening the debate. It complements the McKinsey Global Institute's (MGI) report titled "From poverty to empowerment: India's imperative for jobs, growth,...
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