-The Hindu   The national discourse is so superficial that it only talks of foreign direct investment, investment allowance, tax sops and the like which are just about a twentieth to a sixth of the national economy. It did not even notice paragraph 102 in the Union budget speech which is about half of India's economy. Commentators see facts hidden in budgets as the "devil's in the detail." This presumes that only...

-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...

-The Business Standard   Or, why our subsidy and tax policies have been almost exactly wrong Thomas Piketty's seminal book on inequality, Capital in the Twenty-First Century, comes at a fortuitous time. Although inequality has been a well-discussed issue in India for some time now, the success of the book contributes by sharpening the debate. It complements the McKinsey Global Institute's (MGI) report titled "From poverty to empowerment: India's imperative for jobs, growth,...

A study by Jonathan Kennedy and Lawrence King, published in the Lancet journal Globalization and Health (2014) has found that liberalization of the agricultural sector in the early-1990s is responsible for the agrarian crisis and, therefore, farmers with certain socio-economic characteristics -- cash crops cultivators, with marginal landholdings, and debts-are particularly at risk of committing suicide. In short, the study detects that the differences in the structure of agricultural production explain...

-The Indian Express   The UPA has done well to bring rights-based social welfare schemes to the forefront. All opinion polls suggest that the UPA has only a few weeks left in office. After 10 years as prime minister - this gives him the third position in terms of longevity as head of government after Jawaharlal Nehru and Indira Gandhi - what is going through Manmohan Singh's mind as he contemplates retirement from...