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A grain of sense-Aditya Puri

-The Indian Express How Punjab is making the best use of the flawed public distribution system. Inclusive economic growth is a political, economic and social necessity. The question is: what is the right strategy to ensure this? Most of our programmes to help the underprivileged have suffered from leakages and inefficiencies, so that the benefits have not accrued to the targeted groups but the strain on our fiscal deficit remains. Subsidies are...

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‘Jobless growth’ no more-Santosh Mehrotra

-The Hindu   Since 2004-05, for the first time in the history of India, more workers have left agriculture for productive work in industry and services Higher than normal inflation, high current account deficit, a depreciating rupee and slowing GDP growth might hold true in recent times. However, when it comes to employment, the facts are quite different as between 2009-10 and 2011-12, non-agricultural employment grew rapidly. Between 1999-2000 and 2004-05, National Sample Survey...

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Winnowing fact from rhetoric: A look at what figures tell of UPA's regime-Maitreesh Ghatak

-The Economic Times     There is a narrative that the UPA's rule at the Centre led to an economic disaster, especially in the second term. In contrast, Gujarat has prospered, thanks to Narendra Modi's good governance. We have several problems with this. First, through UPA's first term and about halfway into its second, many economic indicators critics like to harp on were much better than those during the NDA days. This is true...

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World not ready for climate change -Brian Clark Howard

-Deccan Herald The world is not ready for climate change, which poses a number of serious risks, says the planet's leading body of climate scientists. The Intergovernmental Panel on Climate Change (IPCC) at its conference in Yokohama, Japan recently released a major report on the impact of climate change, with the goal of spurring world leaders to act more decisively to reduce greenhouse gas emissions. The report warns of serious impacts...

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Growth is not a victim of the UPA, it is the other way round -Maitreesh Ghatak and Parikshit Ghosh

-The Hindustan Times If the opinion polls are to be believed, the UPA is facing a rout in the coming Lok Sabha elections. One explanation, popular in the media, goes something like this: The UPA faces voter wrath because it destroyed growth. The economy has paid a price for bad governance and expensive welfare schemes. If you look at data for the last two years, this view will find some support....

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