-The Economic Times At a time when the shadow of a slowdown lengthens but the government steadfastly downplays any such concern, here comes a cracker of an observation from one of India's most celebrated economists who also happens to be a vital cog in Modi's policy team. In an interview to NDTV, Rathin Roy, member of the Prime Minister's Economic Advisory Council (PMEAC) and Director of National Institute of Public Finance &...
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The middle income trap that India must avert
-Livemint.com A top economic adviser has flagged the risk of stagnation that lack of inclusive growth could cause. We must reduce inequality and help everyone achieve upward mobility The warning by Rathin Roy, a member of an economic panel advising Prime Minister Narendra Modi, that India could be headed for a “structural crisis" has sparked a debate on whether the economy’s days of high single-digit growth rates are a thing of the...
More »Why do India's governments have no long-term plans to tackle poverty through education? -Anirudh Krishna
-Scroll.in It is time for citizens to set an agenda for long-term governance, writes Anirudh Krishna in this excerpt from ‘Re-forming India’. Fixing the cycle of poverty – preventing descents and enabling escapes – is eminently possible. Other middle-income countries have much lower levels of poverty. It requires, however, that things work well in the public realm – that everyone, and not just the few who are assisted currently by social service...
More »'Early brain function affected in poor kids'
-The Hindu Study says children from lower income background had weaker brain activity Children born into poverty show key differences in early brain function, according to new research from the University of East Anglia (UEA). Researchers studied the brain function of children aged between four months and four years in rural India and found that children from lower income backgrounds, where mothers also had a low level of education, had weaker brain activity...
More »Universal Basic Income can be funded by reducing subsidies to the rich -Pranab Bardhan
-The Indian Express I think packaging a significant UBIS with a simultaneous increase in the taxes on the rich will help macro-economic stability, apart from assuaging the poor who will face some of the price rise in commodities or services, when subsidies are withdrawn. After my last op-ed in this paper (The safety net of the future) several readers, intrigued by the idea of a Universal Basic Income Supplement (UBIS) proposed...
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