-The Indian Express Contrary to conventional wisdom, the UPA lost despite an inclusive, growing economy. Economists have been busy telling us that the economy decided the election result. We heard it during the campaign and they have been at it again in their post-mortems. They are wrong. Consider some evidence. Most Indians live in rural areas. Elections are won and lost there. So for any government, it makes good electoral sense to look...
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Minority, like majority -Abusaleh Shariff
-The Indian Express Muslim deprivation is embedded in broader developmental challenges. Whenever the Indian electorate has been told that the country is doing well economically, it has displayed disbelief. This voter scepticism has not spared even the largest of national parties. The relatively successful economic performance of the last decade could not be projected effectively by the UPA. BJP/ NDA strategists were quick to take advantage of this and claim that the...
More »Why blame the farmer for price rise? -Shanu Athiparambath
-DNA Farming is considered a patriotic enterprise, and nearly half of India's labour force is engaged in agriculture and allied activities. Almost everyone believes that in the election season, political parties should pledge to aid this patriotic endeavor to feed the nation. But, farming is a risky profession, and agricultural products form only 14% of India's total produce. After the economic reforms, the growth in agricultural GDP has averaged only 3.4%. Even...
More »Bharat sinking -Raj Kumar Ray
-The Financial Express In what could be a big question mark on the world's largest jobs scheme. In what could be a big question mark on the world's largest jobs scheme, the number of people who availed the Mahatma Gandhi National Rural Employment Guarantee Scheme (MGNREGS) fell 8.4% year-on-year in 2013-14, reports Raj Kumar Ray in New Delhi. Also, only a tenth of the people enrolled got the promised 100 days of...
More »The strange case for India's macroeconomic exceptionalism-Shankar Sharma & Devina Mehra
-The Business Standard The Indian economy certainly has problems. But compared to the rest of the world, we will take ours any day Over the past couple of years, and particularly the past few months, we have become convinced that economists, the intelligentsia, fund managers, foreign brokers, don't read global macroeconomic news. All of the above have castigated the United Progressive Alliance (UPA) government for having ruined the economy, causing a massive growth...
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