-The Indian Express   The Gujarat model continues to generate more heat than light. This is in response to Professor Yoginder K. Alagh's article, ‘Posture-nomics' (IE, May 7), wherein he says, "Getting back to agriculture, the 10 per cent growth rate figure was the result of a paid-for study commissioned by the government of Gujarat and conducted by the International Food Policy Research Institute, to which [Ashok] Gulati was affiliated. The finding was...

-The Business Standard   More, water levels in the reservoirs of southern India are below the 10-year average at 8.28 billion cubic metres As doubts mount over the impact of El Niño on the southwest monsoon season in 2014, India's preparedness to face a low rainfall situation seems to have improved in the past four-five years. However, there are many gaps to be plugged. For example, although the average water in major reservoirs across...

-The Indian Express   Debate on the Gujarat model is more about stated positions, less about reality. Having done economic modelling all my life, as a student at the University of Pennsylvania, which boasted of the Wharton model and Lawrence Klein, and later, in the days when planning still mattered, while heading the modelling division of the Planning Commission, I find it bewildering that Gujarat's substantial real achievements and equally real problems are...

-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...

-Down to Earth Studies indicate high food inflation As Met office predicts below normal rainfall because of El Nino this year, a study by the Associated Chambers of Commerce and Industry of India (ASSOCHAM) has projected a 1.75 per cent GDP reduction and loss of hundreds of thousands of jobs in the unskilled sector. The report released recently says that five per cent deficit rainfall forecast by the India Meteorological Department (IMD) will...