-The Indian Express Healing the sugar sector and curbing inflation need brave reform. The first month of great expectations is over. But no magic is possible in such a short period of time. The treasury is scraping the bottom of the barrel, and reviving growth calls for herculean efforts to put the economy back on the rails. Meanwhile, fears of an impending failure of the monsoon have spiked inflation, which is at...
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Modi govt eyes first labour overhaul to create jobs
-Reuters Prime Minister Narendra Modi has set in motion the first major revamp in decades of the archaic labour laws, part of a plan to revive the flagging economy, boost manufacturing and create millions of jobs. Successive governments have agreed labour reform is critical to absorb 200 million Indians reaching working age over the next two decades, but fears of an ugly union-led backlash and partisan politics have prevented changes to free...
More »Why Delhi needs to step back -Lant Pritchett and Gulzar Natarajan
-The Indian Express Most of the dynamism of the Indian economy comes from its states. They must be given more room to chart their growth trajectories In the euphoria surrounding the election results, it is tempting to avoid facing up to the harsh realities of making development happen. Even for those who characterise the election as "the dawn after the dusk", in the new light of day, India's development challenges remain essentially...
More »India Exclusion Report: Fresh perspective on poverty
India has witnessed many fiery debates on poverty estimates. Equally contentious has been the issue of inequality. Now a new report on exclusion offers a fresh perspective on poverty, inequality and social justice. (See below a summary of the report) Based on data and knowledge resources available in the public domain, India Exclusion Report 2013-14 highlights the systematic discrimination faced by women, Scheduled Castes (SCs), Scheduled Tribes (STs), Muslims, persons with...
More »India’s Informal Economy: 400 Million Strong, Little Or No Access To Workplace Benefits -Angelo Young
-International Business Times Consider this: There are 400 million Indians with no access to workplace benefits, such as social security, health insurance or unemployment insurance, a number higher than the population of the United States and Canada combined, according to a Delhi-based group of economic researchers. So, as the United States grapples with growing income inequality, it takes a country like India to put some of those economic and working realities into...
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