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Blissful ignorance -Jayati Ghosh

-The Telegraph The Union budget is an embodiment of unequal fiscal policy The finance minister and her ministry have betrayed, once again, their lack of understanding of the Indian economy or the conditions under which most Indians are living today. Despite attempts to ‘talk up’ the supposed recovery, the economy is weak and most people are hurting. India has seen one of the biggest increases in the number of poor and hungry people...

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Show commitment to equity in the Budget -Aruna Roy and Nikhil Dey

-The Hindu The Government needs to stop India’s avalanching slide into a grossly divided society, made worse by the pandemic On January 17, 2022, Oxfam International presented its annual global “Inequality Report”. Titled Inequality Kills, the report calculated and presented the quantum growth in wealth of a minuscule few, and the simultaneous impoverishment of millions of working people. During the novel coronavirus pandemic, the report reveals, more than half the world’s new...

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With birth rate in decline, India must change -Prabhu Pingali and Shubh Swain

-Financial Express With the fertility rate falling below replacement, challenges of higher dependency, burgeoning healthcare and social security needs will emerge. India must mount the necessary policy-response The time has come for India to turn a new leaf on population policy. The country’s fertility rate has already fallen below the replacement level, 2, according to the latest data from the National Family Health Survey, which was largely collected before the nation felt...

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India’s economy and the challenge of informality -R Nagaraj and Radhicka Kapoor

-The Hindu Policy efforts to formalise the economy will have limited results as the bulk of informal units are petty producers Since 2016, the Government has made several efforts to formalise the economy. Currency demonetisation, introduction of the Goods and Services Tax (GST), digitalisation of financial transactions and enrolment of informal sector workers on numerous government Internet portals are all meant to encourage the formalisation of the economy. But why the impetus...

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See Sonar Bangla shine and leave behind India, Pakistan on economic & social indices -Mani Shankar Aiyar

-The Telegraph With a per capita income at a whopping $2554, poverty is down; exports are up and GDP is fueled by both agriculture and manufacturing; but the downside is a growing nexus between politics and business There is justifiable pride all around at Bangladesh’s remarkable performance in both the economic and social development dimensions. “Pakistan and India don’t matter. We have done better than both!” The figures speak for themselves. The renowned...

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