-The Indian Express Ill-thought-out assertions about the efficacy of monetary policy can unhinge private expectations of inflation. The Indian Express recently published two articles by Surjit S. Bhalla on the subject of inflation in India (‘Where monetary policy is irrelevant', September 13 and ‘RBI, we have a problem', September 20). Bhalla's central thesis is that inflation in India is primarily driven by changes in the minimum support prices (MSP) for agricultural goods....
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Planning Commission replacement shouldn't allocate funds, say experts -Sanjeeb Mukherjee
-The Business Standard The new institution could play the role of a 'think tank' A high-level meeting to frame a new body to replace the Planning Commission is learnt to have arrived at a broad consensus that allocation of Plan funds should not be the domain of the new entity but of the finance ministry. The new institution, it was agreed, could play the role of a "think tank". Officials in the...
More »Missing the evidence-Sourindra Ghosh and Atul Sood
-The Indian Express The Gujarat model, if there is one, is not shining. Surjit Bhalla, in recent articles (‘Gujarat's inclusive growth', IE, April 12, ‘Gujarat's other calling card', IE, April 19 and ‘Just name-calling', IE, April 26), has been making a case for Narendra Modi's prime ministerial candidacy by praising the Gujarat development model. It is surprising because, just a year ago, he critiqued Gujarat's growth model for being "neither equitable nor...
More »Posture-nomics -Yoginder K Alagh
-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...
More »Gujarat’s inclusive growth-Surjit S Bhalla
-The Indian Express From high farm growth to wages for the disadvantaged, even their employment levels, Gujarat comes out on top. Both the opinion polls and the bookies suggest that Narendra Modi will be the next prime minister of India. There is a constant but healthy debate in the media about the likely pros and cons of a Modi administration. For each assertion made by the BJP, there is a counter presented....
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