-Livemint.com The transformation of the Indian countryside has been slow and messy One of the celebrated success stories of India’s growth experience over the past decade was the rapid transformation of the countryside, with a massive shift in the rural labour market away from farm jobs. Two labour economists have now challenged the empirical foundations of that success story, raising deep questions on the nature and scale of that transformation. Their research also...
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How's the economy really doing? -TCA Sharad Raghavan
-The Hindu There are multiple ways to arrive at an answer, but each metric points in a different direction. If someone asks you how the Indian economy is doing, how would you answer? Would you say that the Gross Domestic Product and Gross Value Added (GVA) are both above 7 per cent, and so the economy is growing strongly? Or would you say that the Index of Industrial Production (IIP) has contracted for two straight...
More »From plate to plough: Rural change challenge -Ashok Gulati
-The Indian Express Inclusive agricultural growth is key to removing poverty by 2030. Eradicating poverty from the planet was the top-most target in a set of 17 goals adopted by the UN last September as a part of its sustainable development agenda. Nations across the globe, including India, endorsed it. The strategies to achieve this goal have been left open to countries. In this context, the Rural Development Report (RDR) 2016 of...
More »A boost to fundamental rights
-Livemint.com Courts are finally protecting individual liberty in prohibition and beef ban cases The politics of alcohol consumption and cow slaughter have, of late, run roughshod over issues of constitutional law and philosophy. The Patna high court’s recent judgement on prohibition in Bihar—especially when read together with the Bombay high court’s earlier beef ban verdict—is a necessary redressal of the balance. These judgements are a nuanced look at how the relationship...
More »The great GDP fudge -Jairam Ramesh
-The Indian Express Same data, opposite conclusions, Dr Subramanian? “I am puzzled by the new GDP growth numbers. This is mystifying because these numbers, especially the acceleration, are at odds with other features of the macro economy. Import of goods declined. typically growth booms are accompanied by surges in imports not declines… similarly, real gross capital formation declined”. This was the chief economic advisor (CEA) Arvind Subramanian in an interview to the...
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