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Why voters punished UPA-Himanshu

-Live Mint   If anything, the UPA has been punished by the voters for moving away from its core agenda of entitlement-based politics The victory of the Bharatiya Janata Party (BJP) in the 2014 elections will remain a watershed moment for Indian democracy in many ways than one. Coming at a time when the economy is in a serious mess, the victory of the BJP and the defeat of the Congress party and...

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India's non-solutions for reducing Inequality-Rajiv Shastri

-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,...

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Reading Piketty in India -Martin Ravallion

-The Indian Express   Human capital Inequality is what India needs to be most concerned about right now.   THOMAS PIKETTY's Capital in the Twenty-First Century has attracted a great deal of attention, especially (it seems) where I live, in Washington DC. Some people have said the city has caught a severe case of "Piketty fever". Everyone seems to be talking about the book - clearly many more people than have read its 700...

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Story of a fraying capitalism-Ashoka Mody and Michael Walton

-The Indian Express   India's rentier capitalism is an inset in the big picture drawn by Thomas Piketty   French economist Thomas Piketty has written a scholarly tome with the humdrum title, Capital in the 21st Century. The book has become an overnight sensation because Piketty documents an inherent tendency for ever-increasing Inequality of income and wealth in capitalist economic systems. It is not an accident, he says, that many will be left behind...

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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...

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