-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 Economic Times None of the standard explanations quite explain the rise in food prices India has seen: pronounced since 2006 and alarming after 2010. Drought and poor rains? The country has seen good aggregate rainfall in most of those years. Spike in global prices? Those were high in 2007-08, not now. Fragmented value chains that allow middlemen to grab large margins? The value chain has always been fragmented. Growth has slowed...

-The Hindu The Planning Commission needed to be returned to its first purposes, to its transparent and audacious planning for an India progressing without old enervations and new injustices to prosperity. Humpty Dumpty sat on a wall, Humpty Dumpty had a great fall. The 18th century nursery rhyme, its original probably a riddle, is loved for the one image it invokes - a great fall. The picture of a dumpy egg, of a being...

-The Business Standard What must replace the Planning Commission An announcement of note in Prime Minister Narendra Modi's Independence Day speech from the ramparts of Red Fort was the much-anticipated end of the Planning Commission. A full 23 years after India ushered in reforms that reduced emphasis on central planning, the crucially important organisation of the statist era will finally be dismantled. Both as signalling and as policy, this needs to be...

-The Telegraph New Delhi: Prime Minister Narendra Modi's decision to dismantle the Planning Commission has led to revelations from some of the body's former stalwarts about past attempts to reform the Soviet-era institution that were repeatedly thwarted, culminating in a tense farewell for Manmohan Singh last May. The panel that has steered India's economic management and vision for 64 years without any constitutional mandate has needed radical surgeries for years but was...