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Growth in the Time of UPA: Myths and Reality -Maitreesh Ghatak, Parikshit Ghosh, and Ashok Kotwal

-Economic and Political Weekly This article challenges the prevailing view that the diminished electoral prospects of the United Progressive Alliance government is the result of neglecting growth to launch populist welfare schemes. It looks at a wide range of economic indicators to argue that compared to the National Democratic Alliance regime, the UPA period has been characterised by faster growth, higher savings and investment, growing foreign trade and capital infl ows,...

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11 million homes vacant against shortage upto 25 million units

-PTI Amid housing shortage of up to 25 million units in the country, Urban Development Secretary Sudhir Krishna on Friday said there are 11 million homes that are vacant as per the latest census figure and out of that 10 per cent lies in the national capital region. Addressing a real estate conference organised by the RICS, a global body to set standards for realty sector, Mr. Krishna said the Centre is...

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The Gujarat muddle -Jean Drèze

-The Hindu Why does Gujarat have indifferent social indicators, in spite of having enjoyed runaway Economic growth and relatively high standards of governance? Gujarat's development achievements are moderate, largely predate Narendra Modi, and have as much to do with public action as with Economic growth. As the nation heads for the polling booths in the numbing hot winds of April, objective facts and rational enquiry are taking a holiday and the public relations...

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A raw deal for migrants-Jayati Ghosh

-Frontline     Significant part of economic migration is still the result of desperation rather than hard-headed economic calculation. This, in turn, affects the conditions under which workers migrate and their lives and work as well.   PERHAPS the most poignant moment in the film Peepli Live-even though the movie is really more about the media than about the socio-economic realities of India-is at the very end, when the hapless protagonist, now a former farmer...

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Crony capitalism or plain corruption?-Arvind Virmani

-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...

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