-The Hindu Business Line While the limitations of the concept of economic growth are acknowledged, we need a better index than HDI Despite claims that economic development as a branch of economic science emerged only in the 1950s, there is no doubt that the notion of development existed even in classical economic thought processes, emerging from the writings of Adam Smith and David Ricardo. The recognition of development economics as a discipline...

-The Business Standard Government is diluting green regulations, not reforming them In his speech from the Red Fort on Independence Day, Prime Minister Narendra Modi said many sensible things about Indian manufacturing. It is certainly true that it must be a focus area for his government. As a proportion of India's gross domestic product (GDP), the share of Indian manufacturing peaked in 1996-97, at the pitifully low percentage of a little over...

The Business Standard The Planning Commission has not been central to the policymaking process since the mid-1960s In his Independence Day speech, Prime Minister Narendra Modi announced the end of the Planning Commission. There will be few mourners at its funeral, mainly old war horses like me. So this is in the nature of an obituary for an institution in which I served for a decade and a half, and where I...

-The Hindu Business Line   Most Indians are not aware of, or responsive to, the issue. For this, the media is squarely responsible The Ministry of Environment and Forests is now the Ministry of Environment, Forests and Climate Change. Including climate change as a key component in the title of the ministry is all very well, but how do we envisage taking climate change and its everyday implications to the masses? A 2011 Yale...

-The Business Standard Agrarian crisis in the state appears as much a failure of planning as the result of a shortage of rain On a dry and cloudless day this month, Balbir Krishna Ingde sat by the Ujjani Dam in the Krishna basin, one of Maharashtra's largest irrigation projects, and confronted the problem of scarcity amid presumed abundance. "The water is filling up the reservoir. If only they could release it into the...