-TheWire.in Both the Modi government and former Prime Minister Manmohan Singh are ignoring one crucial aspect of reviving the economy: raising effective demand. Only a few weeks ago, the central government was talking grandly about India reaching a $5-trillion economy and refusing to recognise the severe slowdown India is going through. (This is not such a grand ambition when compared with China, which is often portrayed as India’s competitor, because by 2025,...
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The importance of government schools in India
-The Indian Express What can government schools do? Make democracy work. If you are reading this piece, it is likely your child goes to an English-medium private school. Did the possibility of a government school occur to you? Did you consider it before deciding on the private school? When I pose this question to my friends, this is the usual refrain: “But they are of such poor quality, insufficient classrooms, inadequate teachers....
More »Sentiments do have real economic benefits -Renu Kohli
-The Telegraph Investors may be buying stocks again, but fundamental drivers such as expected corporate performance remain unchanged Sentiments matter for economic growth. Optimistic or upbeat sentiments encourage consumers to buy and borrow; businesses, on the other hand, are spurred to plan and invest. But when in reverse gear, downbeat or negative sentiments can hold back spending, restricting activities and stifling growth. For an economy seeking to revive itself, be it India...
More »Cooking with gas, not wood -Sangita Vyas & Aashish Gupta
-The Hindu Under the PM Ujjwala Yojana, rural areas that still rely on solid Fuel can be encouraged in three ways to use clean Fuel When we introduced ourselves to Kishan Kumar Dubey, he remembered that we had visited his home four years ago. Mr. Dubey was a respondent in our study conducted on solid Fuel use in 1,550 households between August and December 2018. Wearing glasses, Mr. Dubey sat on his...
More »In economic slowdown, a back story about falling investor confidence -Harish Damodaran
-The Indian Express Fixing the economy today cannot happen through consumption; revival in investment is what's desperately needed. New Delhi: Investment, unlike consumption, satisfies no immediate want. The businessman putting his money today is basically taking a bet on the future, when it would start yielding returns. Such bets are a function of the “state of confidence” at the time of investment. The investor has to be reasonably, if not absolutely,...
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