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India needs more than Narendra Modi's trickle-down model -Maitreesh Ghatak

-The Guardian India's PM points to Gujarat as an emblem of economic success. But despite impressive growth, the state lags behind on welfare Narendra Modi has just unveiled his first budget after winning a massive electoral victory on a development platform. The budget presented last week has disappointed those who were expecting stronger signals about a pro-market shift in economic policy, as well as in the stock market. However, the budget has...

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Two chaiwallahs and a budget -Sowmya Kidambi

-The Hindu   Unlike the success story of the tea stall owner who became Prime Minister, there are many others whose dreams have been forgotten. But their lives have been rebuilt by MGNREGA Right next to the village home in Devdungri, Rajsamand, Rajasthan where I lived and worked with Mazdoor Kisan Shakthi Sangathan from 1998, live Chiman Singh and his wife Meera. Both of them used to migrate to Ahmedabad for six months...

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Still smug about the high growth years? -Ashoak Upadhyay

-The Hindu Business Line Drop the euphoria for a moment - a third of India is seriously poor. And urban poverty has risen sharply The latest report on the number of poor Indians shows a third of the population living below the recalibrated poverty lines. C Rangarajan, a former governor of the Reserve Bank of India and former chairman of the Prime Minister's Economic Advisory Council, was asked to look into the matter...

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Cong price pot versus Modi kettle

-The Telegraph The Congress today slammed the Centre for linking food inflation to increased incomes and changing diets and asked if it intended to scrap its predecessor's welfare schemes that had raised poor families' purchasing power. Ironically, Congress ministers used to cite similar reasons for the rising prices. But spokesperson Randeep Surjewala accused the government of "insulting" the people and said it was a matter of satisfaction and pride that incomes were...

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The 47 million

-The Business Standard   Why Indian unemployment figures puzzle many Census data released on Tuesday contained a shocking piece of information: that 47 million young Indians, under the age of 24, were jobless, and looking for work. That's 20 per cent of the youth population. This is hard data confirming a fact that has long been anecdotal: that India has a jobs crisis. The picture that emerges from the Census data is intriguing:...

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