-Livemint.com The job of policy strategists is always to identify the binding constraints to growth and then try to figure out which policies will help ease them economists of a certain vintage will remember the old development models in which rapid economic growth was held back by three key constraints. The first was the savings constraint. A poor country such as India could not save enough of its annual national income to sustain...

-Ideas for India Commenting on the concept of evidence-based policy, Jean Drèze argues that the relation between evidence and policy needs further thought. Based on his involvement with social policy in India, he believes that while economists can contribute to more informed policy discussions and public debates they ought to be cautious in offering advice on policy design. Once upon a time, ‘evidence’ was widely confused with randomised controlled trials (RCTs). The...

-TheWire.in Mexican economist David Barkin on India's neoliberal economics, growing inequalities, agrarian distress and more. David Barkin is Professor of Economics at the Metropolitan Autonomous University in Mexico City. He received his doctorate in economics from Yale University and was awarded the National Prize in Political Economics in 1979 for his analysis of inflation in Mexico. His research has focused on the development of an alternative to the capitalist economic model. In an...

-Livemint.com One of the big drivers of the ruling BJP’s massive victory in 2014 was its ability to exploit inequalities within caste groups to expand its support base New Delhi: When we think of caste-based inequality in India, we typically think of a pyramid where scheduled castes (SCs or Dalits) and scheduled tribes (STs) are at the bottom, other backward classes (OBCs) above them, and upper castes at the very top....

  A document of the Ministry of Statistics and Programme Implementation (MoSPI) dated 25th June, 2018 says that the number of members subscribing to the Employees' Provident Fund (EPF) scheme gives one an idea of the level of employment in the formal sector viz. mostly employment in establishments employing 20 or more persons (though EPF is applicable for certain organisations, which employ less than 20 persons, subject to certain conditions and...