-The Economic Times The entire political opposition to allowing overseas investment in retail is focused on the assumed plight of traders and small merchants in India. How about consumers, who outnumber sellers by many multiples? And what about farmers, the bulk of India's population? The idea of organised retail is to get quality stuff to buyers at reasonable prices. To do that, retailers employ technology, storage and logistics to cut overhead...
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-The Indian Express After a week of parliamentary gridlock over retail reform, it appears as though both government and opposition are getting too used to this state of stalemate, the squandering of precious parliamentary time over one thing or the other. The constant adjournments, disruptions and boycotts over the last three sessions have, by now, seriously undermined Parliament — blocking important legislation, putting showy partisanship above the nation’s real needs. Is the...
More »Durban: The early skirmishes by Richard Black
Like stags fighting, the first days of each annual UN climate summit start with delegations circling each other politically, looking for weaknesses, gauging strengths. The summit that began this week in Durban, South Africa, has been no different - and though it might seem that little has been accomplished so far, a number of blocs have at least made their positions clearer than ever before. And that's vital if effective negotiations are...
More »Goodbye to reform?
-The Business Standard The to-do over retail FDI signals that the political class is anti-reform The political drama over the opening up of the retail sector to foreign investment is significant, not on account of whatever might happen to the immediate issue, but for what it says about the prospects of any kind of economic reform. In and of itself, the opening up of the retail sector is not hugely important, except...
More »Growth and Exclusion by Prabhat Patnaik
The 11th five-year plan promised the nation “inclusive growth”. It marked a departure from the earlier official position that the “benefits of growth” would automatically “trickle down” to the poor, and that if growth was not actually benefiting the poor, then the reason lay in its not being high enough. The 11th plan, by contrast, conceded that the “benefits of growth” did not automatically “trickle down”, but argued that growth...
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