-The Hindu   Ideological labels are likely to mislead by channelling the debate into issues of capitalism and socialism and detract from the real problem George Santayana said: "Those who cannot remember the past are condemned to repeat it." Having forgotten the license-permit-quota-raj that enveloped us from 1950 to 1980 and its ‘crony socialism,' many intellectuals, mediapersons and politicians have now discovered ‘crony capitalism.' The license raj consisted of stifling controls imposed on...

-Live Mint   In Gujarat public funds are committed to supporting private investment. This does not benefit the poor Amidst the clamour of India's colourful 2014 general election, a public debate of great import for India's future is underway. Leading political candidates debate which development model is best suited for a country of vast economic potential and embedded historical impoverishment. Most opinion polls rate Narendra Modi as the front-runner in the 2014 general election....

-Live Mint   What explains the mystery of job growth slowing so drastically just when growth spiked up so rapidly? The health of the economy occupied the centrestage of the political battlefield this week, as the ruling United Progressive Alliance (UPA) and the opposition National Democratic Alliance (NDA) engaged in a spirited debate on India's economic performance. A major bone of contention was the slower pace of job growth in the UPA's 10-year...

-Economic and Political Weekly   The long-standing debate on growth and development has been renewed in recent works of Jagdish Bhagwati and Amartya Sen. This paper intervenes in this debate with evidence from Tamil Nadu. Tamil Nadu, which, unlike Kerala, did not have initial advantages over Gujarat, outperforms the latter on nearly every development indicator at the level of indicators as well as in the rate of change. This is despite Gujarat...

-Economic and Political Weekly   Gujarat, one of the richest states in India, was always at par or ahead of the rest of India during the 1980s, and unambiguously ahead in the 1990s. There is no evidence of any differential acceleration in the 2000s, when Narendra Modi has been in power, relative to the 1990s, both with respect to the country as a whole, as well as other major states. This is...