-Live Mint As a democracy matures, citizens become more willing to trust elected representatives to plan and take steps for the long-term growth and development One common complaint during this election has been that the election commission (EC) has to be consulted before the government and its regulatory agencies take any routine decision. Decisions relating to gas price hikes and bank licences all had to be cleared by the EC, whose over...
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The strange case for India's macroeconomic exceptionalism-Shankar Sharma & Devina Mehra
-The Business Standard The Indian economy certainly has problems. But compared to the rest of the world, we will take ours any day Over the past couple of years, and particularly the past few months, we have become convinced that economists, the intelligentsia, fund managers, foreign brokers, don't read global macroeconomic news. All of the above have castigated the United Progressive Alliance (UPA) government for having ruined the economy, causing a massive growth...
More »Sustaining farm sector growth amid fall in water availability -Kunal Bose
-The Business Standard Had late winter rains not damaged some standing crops in northern states, India would have had record foodgrain production of 263 million tonnes (mt) in 2013-14. Whatever the loss of rabi crops, the good southwest monsoon allowed India to record the targeted growth of four per cent in production. However, a good season should not distract us from the reality of the farm sector's vulnerability to major shocks...
More »Who is really to blame for India’s growth slowdown and inflation?- Niranjan Rajadhyaksha
-Live Mint Data shows that Indian growth has moved in sync with what was happening in the rest of the world while Indian inflation has had a life of its own Mumbai: The war of words between P. Chidambaram and Yashwant Sinha on the way the Indian economy has been managed over the past decade is the sort of political grandstanding that is expected in the last stage of what has...
More »Rural job scheme: a game changer now too?-T Ramakrishnan
-The Hindu Chennai (Tamil Nadu): Many still believe that the UPA regime's flagship rural job scheme, the ‘Mahatma Gandhi National Rural Employment Guarantee Scheme (MGNREGS)', silently did wonders for the Congress in 2009 Lok Sabha polls. Will it be a game-changer in the 2014 polls also? There is no straight ‘Yes' or a ‘No' for an answer, as this correspondent discovered during a tour of some of the districts in Tamil...
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