governance, political economy, institutional development and economic regulation
In 2024 the United States and the European Union together added 39 percent of global GDP (2015 $). China was second at 19 percent whilst India lagged at 3.5 percent. Together these four economies added 62 percent to global GDP. Incredible as it might seem, in the short span of thirty-six years, by 2060- within […]
Read More Can India replace China?One of the commendable commitments of the Narendra Modi administration has been to fiscal rectitude, despite its penchant to curate expansive benefits for identifiable groups of the voting public. FM Sitharaman has carried through this commitment in her outlays for fiscal 2024-25. Aligning with fiscal rectitude principles Fiscal deficit (FD) the prime metric of fiscal […]
Read More India Budget 2024-25: Fiscally diligent sans new ideas to boost capital productivity, lower food inflation or create good jobsThe heart of India’s Parliament is, ironically, the “lower house” or Lok Sabha, where 542 members, directly elected by voters represent the will of the people. It is elected in quinquennial, rumbustious national elections. Since China, another populous country, does not follow classic democratic principles, like universal franchise and representation rights, Indian elections have always […]
Read More Political underpinnings of the Wonder that is India
Opinion India 