-Down to Earth India's first PM born after Independence will face the old problem of poverty eradication India may have its first post-Independence-born prime minister this June. But what difference would it make in terms of the country's development agenda? How will the new prime minister face the challenges that have been there since before Independence? Or, what are the developmental challenges the new prime minister may find difficult to address? Arguably,...
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How Suicide and Politics Mix in India -Sonora Jha
-The New York Times As politicians scramble for India's 815 million votes in the most expensive and closely contested general election in the nation's history, an unexpected protest is rumbling from what was once one of the country's most placid voter blocs: its farmers. The protest is inflamed by rising attention to the shocking suicide rate on India's hardscrabble farms. Since 1995, more than 290,000 farmers have killed themselves. Though that figure,...
More »Bharat sinking -Raj Kumar Ray
-The Financial Express In what could be a big question mark on the world's largest jobs scheme. In what could be a big question mark on the world's largest jobs scheme, the number of people who availed the Mahatma Gandhi National Rural Employment Guarantee Scheme (MGNREGS) fell 8.4% year-on-year in 2013-14, reports Raj Kumar Ray in New Delhi. Also, only a tenth of the people enrolled got the promised 100 days of...
More »The political economy cycle in India-Pramit Bhattacharya
-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...
More »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...
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