-Frontline.in The Assembly elections have put under intense scrutiny Narendra Modi’s Gujarat model of development which is touted as worthy of replication throughout the country. Audit reports of the CAG provide ample evidence of it being inefficient, corrupt and not beneficial to the common people. THE standard indicators of development, as is understood in theory and practice, comprise a range of indices, and not necessarily the level of private investment in...

-Firstpost.com Development economist Jean Dreze has been vociferous critic of the Narendra Modi government's demonetisation of Rs 500 and Rs 1,000 notes a year back. He had famously warned that "demonetisation in a booming economy is like shooting at the tyres of a racing car". A year on, it seems his caution has come true. In the first quarter of the current financial year, the GDP growth slowed to a three-year...

-Scroll.in An analysis of data shows that the Gujarat model is a bubble waiting to burst. The Gujarat economy continues to be an enigma. In 2014, many considered the state’s economic performance nothing short of miraculous and credited it to the magic touch of Narendra Modi, then the four-term chief minister of the state. This even led to the coinage of a new term: Modinomics. Three years later, as Gujarat heads...

-Livemint.com World Bank has reduced its India GDP growth forecast to 7% for 2017-18 from 7.2%, blaming disruptions caused by demonetisation and GST New Delhi: After remaining the world’s fastest-growing region for eight consecutive quarters, South Asia has slipped to the third position behind East Asia and the Pacific regions, as India’s economy slowed to its lowest level in 13 quarters, the World Bank said on Monday. This is at a time when...

-Newsclick.in The falling work participation rate shows that the economy is in deep crisis. Various other economic indicators show this as well. In a stark and chilling confirmation of what the whole country has known for some time, a govt. report shows that Indian workforce (those actually working) declined from about 54% of the working age population in 2011-12 to 51% in 2015-16. While the working age population increased by 2.9% per...