-Livemint.com Economist Esther Duflo on demonetisation impact, role of randomized control trials in policymaking, low priority assigned to health and education in India New Delhi: India’s demonetisation of high-value currency notes is a dramatic example of a policy announcement made without any serious thought given to implementation, said Esther Duflo, one of the leading development economists of the world and a professor at the department of economics at the Massachusetts Institute of...
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This government's modus operandi is constant distraction -Pratap Bhanu Mehta
-The Indian Express It distracts our attention from vital questions of institutional health and economic governance. During the second half of UPA 2, the press, with some justification, created a frenzy of anxiety over India’s future, especially its economic future. After two and a half years of the Narendra Modi government, if the same standards of concern about India’s future were brought to bear on the present government, what would the heightened...
More »Reality check: Indian economy is not larger than that of the UK -TCA Sharad Raghavan
-The Hindu The claim made by a magazine and carried by sections of media is not backed by data. The claim that the Indian economy has overtaken the U.K. economy in terms of absolute size, as made by a contributor to Forbes magazine and carried by sections of the Indian media, is not backed by data, an analysis by The Hindu of GDP data from the International Monetary Fund (IMF) and the...
More »R Nagaraj, an economist and currently a professor at the Indira Gandhi Institute of Development Research in Mumbai, interviewed by Kedar Nagarajan (Caravan Magazine)
-Caravan Magazine On 8 November 2016, Prime Minister Narendra Modi made an announcement declaring that notes of Rs 500 and Rs 1,000 would not be legal tender as a part of his government’s policy to clamp down on counterfeiting and black money. It has been widely reported that this policy would directly impact the real-estate sector, which typically witnesses a significant amount of transactions that are made through cash to avoid...
More »Don't eulogise Amma for her freebie politics -SA Aiyar
-The Times of India blog Authoritarian leadership, big corruption, and endless freebies for the masses. These were the hallmarks of Tamil Nadu chief minister Jayalalithaa (popularly called Amma) who died last week. In this week of mourning, she has been praised by even her bitter political foes. Yet this political correctness must not distort her electoral record. Since the 1970s, power in Tamil Nadu has oscillated between the DMK and Amma’s AIADMK....
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