-The Hindu Business Line Recent macro data hint at delayed second-order impacts from note ban Did the Indian economy suffer only temporary hiccups from the abrupt withdrawal of high-value currency notes in November 2016? Until recently, the Government and quite a few commentators were convinced that it did. Macro-economic data releases such as the first advance GDP estimates (which retained real gross value added, or GVA, growth at 7 per cent for...
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The spectre of unemployment -Raghavan Srinivasan
-The Hindu Sans quality jobs, ‘aspirational young India’ will become ‘angry young India’ The government – and Paytm – may not agree, but there are some downsides to the rising digitisation and connectivity. One is an unleashing of aspirations. Everyone wants not just what Bengal’s leftists used to contemptuously dismiss as components of the middle-class Indian dream — gaadi, baadi, chaakri (car, home, job) — but a whole lot of other things....
More »Political economy structures perpetuate myopic understanding of agriculture sector -Nirvikar Singh
-The Financial Express A half-dozen years ago, I participated in a conference on water resource challenges in India. I remember Upmanu Lall, professor at Columbia University, graphically and bluntly making the point that Punjab’s water table was not far from collapse. This has been known for years, and there have been feeble efforts to deal with the problem, but they have been far short of what is needed. My own understanding...
More »No clear-cut trend in economy going cashless
Paytm's founder Vijay Shekhar Sharma was in the news recently for signing a deal to purchase a Rs. 82 crore worth property in Lutyens’ Delhi. He is credited with the growth of Paytm's mobile wallet services, which is currently being used by over 220 million users across the country. Although Paytm was launched in 2010, the popularity of its mobile wallet services and payment gateway among the ordinary citizens grew...
More »Why are farmers up in arms? Here's a quick primer to a deepening crisis
-The Economic Times NEW DELHI: Farmers protesting in Madhya Pradesh and Maharashtra demand better prices for their produce and loan waivers. But low prices and loans are not the real problems. These are mere symptoms of structural problems which cannot be solved by temporary measures such as a loan waiver. "While such turmoil appears to have immediate causes, their sources are rooted in problems that lie deeper," says Prakash Bakshi, a former...
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