-The Indian Express What economists do not like to dwell on and what Karl Polanyi had noted a long time ago is that the economy is ultimately embedded in society, institutions and politics. When these are damaged, the economy begins to stall. With India’s deep political troubles, and protest marches breaking out all over the country, it may seem odd to be writing on economics. Yet, it would also be wrong not...
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Indian economy delicately poised -Renu Kohli
-The Telegraph By all indications revival in 2020 is not possible The year 2019 has played out on a mixed note. Politically, the general election outcome upheld the popular choice of a majority government. Economically, conditions deteriorated rapidly through the year. In fact, an undercurrent of concern about the economic situation prevailed throughout 2019. This surfaced upfront immediately after the May election and reached a flashpoint by the middle of the...
More »Instead of gigantic statues, India should build modern schools and universities: Raghuram Rajan
-India Today Raghuram Rajan said India needs to build modern schools and universities that teach its children to be more tolerant and respectful of one another. Former Reserve Bank of India Governor Raghuram Rajan has said Hindu nationalism does not just foment social tensions but also detracts India from its economic growth. Rajan said the Narendra Modi government is no exception to having a tendency "to want more power, especially given the...
More »Will the government's stand on privatisation of public sector units help the economy? -K Bharat Kumar
-The Hindu * What is the push behind the strategic disinvestment move? What are the gains? The story so far: On November 20, the government announced that it would sell stakes in several public sector undertakings (PSUs) and even give up management control in some. The Central government will cede full management control to buyers in the case of oil marketing company Bharat Petroleum Corporation Ltd. (BPCL), Shipping Corporation of India (SCI)...
More »Dr. Surjit S Bhalla, economist and Executive Director for India on the board of International Monetary Fund (IMF), interviewed by Richa Mishra (The Hindu Business Line)
-The Hindu Business Line “Join the Regional Comprehensive Economic Partnership (RCEP), but do not ignore your internal market and demand. Ninety per cent of our bad export story is domestic challenges, 10 per cent is external environment or external policy,” says Economist Surjit S Bhalla. Seventy-one-year old Bhalla has a tough task ahead — to make New Delhi’s voice louder at the international forums as he is set to take charge...
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