-The Telegraph There is no jargon in Assam chief minister Tarun Gogoi’s brand of economics — there are only blankets and bicycles and other such mundane things that he feels the poor need. And he even got a nod from a man who has received the Nobel Prize for economics. Speaking at a discussion, flanked by Joseph Eugene Stiglitz, an economics Nobel laureate and Lord Meghnad Desai, professor emeritus at the London School...
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Focused solutions required to clear pending cases by Bibek Debroy
-The Economic Times All of us are bothered, or should be, about interminable delays in adjudication through formal legal systems. Gypsies are believed to have originated in India and there is a gypsy curse - may you have a lawsuit in which you are in the right. In 2010, there were 54,600 cases stuck in Supreme Court, 4.18 million in high courts and 27.89 million in lower (district and subordinate) courts. Pedantic...
More »In the year and now by Ramachandra Guha
The Republic of India has a billion (and more) citizens who, at any given time, are involved in a thousand (and more) controversies. Knowing which controversy is the most significant is always hard, and often impossible, to judge. Even so, we can be fairly certain that 2011 will go down in Indian history as the year of the Great Lokpal Debate, just as 1962 was the year of the war...
More »FDI in Retail: Misplaced Expectations and Half-truths by Sukhpal Singh
The central government claims that allowing foreign direct investment into India’s retail sector will benefit small farmers, expand employment and lower food inflation. What has been the experience in India with organised retail so far and what has been the global experience with FDI? Sukhpal Singh (sukhpal@iegindia.org) is currently at the Institute of Economic Growth, Delhi. After being under relentless attack for a week, the United Progressiv Alliance government was forced to...
More »Lopsided growth by Venkitesh Ramakrishnan
U.P.'s GDP grew at 7.28 per cent in the past five years, but the State ranks low in virtually every area of socio-economic development. IF statistics on gross domestic product (GDP) are the only criteria to evaluate the performance of a government, the Mayawati-led Bahujan Samaj Party (BSP) government in Uttar Pradesh will have to be rated as one with highly impressive credentials. For, India's most populous State has recorded a...
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