-The Indian Express   Contrary to conventional wisdom, the UPA lost despite an inclusive, growing economy.   Economists have been busy telling us that the economy decided the election result. We heard it during the campaign and they have been at it again in their post-mortems. They are wrong. Consider some evidence.   Most Indians live in rural areas. Elections are won and lost there. So for any government, it makes good electoral sense to look...

-Live Mint   If anything, the UPA has been punished by the voters for moving away from its core agenda of entitlement-based Politics The victory of the Bharatiya Janata Party (BJP) in the 2014 elections will remain a watershed moment for Indian democracy in many ways than one. Coming at a time when the economy is in a serious mess, the victory of the BJP and the defeat of the Congress party and...

-Financial Chronicle   Forecasts on possible monsoon behaviour are not very encouraging. There is a possibility of El Nino factors causing further problems. More recently, our farmers in parts of north and central India experienced the fury of hailstorms and heavy rains. Climate change further complicates the possibility of providing accurate advance estimates of monsoon behaviour. This is not only true in our country, but also around the world. California, for example,...

-Down to Earth   Poverty line figures hide people's aspirations There are lies, damn lies and statistics, American author Mark Twain once wrote echoing a similar statement by the British statesman Benjamin Disraeli. Statistics aim to reveal a lot, but they conceal vital information. This concealing tendency of statistics explains much of the flak received by the Planning Commission when it released figures on the poverty line. In 2012, the commission announced that...

-The Indian Express   India's rentier capitalism is an inset in the big picture drawn by Thomas Piketty   French economist Thomas Piketty has written a scholarly tome with the humdrum title, Capital in the 21st Century. The book has become an overnight sensation because Piketty documents an inherent tendency for ever-increasing inequality of income and wealth in capitalist economic systems. It is not an accident, he says, that many will be left behind...