-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,...

-The Indian Express   Debate on the Gujarat model is more about stated positions, less about reality. Having done economic modelling all my life, as a student at the University of Pennsylvania, which boasted of the Wharton model and Lawrence Klein, and later, in the days when planning still mattered, while heading the modelling division of the Planning Commission, I find it bewildering that Gujarat's substantial real achievements and equally real problems are...

-The Times of India   NEW DELHI: The forecast of a weak monsoon this year has brought back worries of a water crisis in the country. Water is fast depleting in key reservoirs, and although current levels are significantly higher than normal in most places with the exception of south India, a slow start to the monsoon next month could quickly bring the situation to a head. The latest update from the...

-Live Mint   A key reason for the surge in anti-incumbency faced by UPA has been its failure to curb inflationary pressures New Delhi: A key reason for the surge in anti-incumbency faced by the Congress-led United Progressive Alliance (UPA) has been its failure to curb inflationary pressures for most of the regime's second tenure. While inflation based on wholesale prices averaged 6.1% during UPA-1 (2004-2009), it was a percentage point higher at 7.1%...

-Live Mint To alleviate poverty and extend true food security to its people India must bring efficiency to public expenditures In the Indian economy, where almost half of the average household's expenditures goes toward food and half the labour force is engaged in agriculture, one cannot simply wish away the centrality of agriculture just because its contribution to gross domestic product (GDP) hovers around a comparatively low 14%. India's agriculture is responsible...