A cautionary tale for decision makers

Formal sector jobs in India are scarce and are highly regarded. The most generous assumption (Economic Survey FY 2018) is that there are only 127 million formal jobs in 10 million enterprises, either registered under GST, the Employees State Insurance Scheme or Employees Provident Fund Organisation. Add another 18 million jobs in the government and […]

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Including the excluded class

Not so well-off upper caste Hindus, Muslims and Christians, who have so far not benefited from “reservations” or quotas, woke up last week to a pleasant surprise — they had all been included! Quota politics The Constitution (103rd Amendment) Act 2019, came into force from Monday. It provides for a 10 per cent additional reservation […]

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So, you want “good” jobs.

Growth with jobs is the new Eldorado. At its core, the raging debate around job creation in India is really about how far India has traveled down the conventional path of industrialized development and its proxy — long-term employment, with defined benefits and social security. This metric of economic performance is anachronistic in the post-industrial […]

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Lives dedicated to change India

This is not a glib account of mobilising the rural poor, penned by a peripatetic babu or a drive-in-fly-out development expert. It is, refreshingly, a record of activists, who elected to spend the better part of their working lives making a difference, bottom upwards, and three decades later remain rooted in their karmbhumi — village […]

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India’s 50-50 reforms

Unlike politicians, who can choose their targets, business leaders have to dance to the tune of  shareholders, who buy or sell, based on the existing or the future bottom line. In politics. it is relatively easy to change the goal posts or indeed, shift the goal itself. Changing goals In India, the current metric for […]

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Trump’s – “ugly American” redux

President Donald Trump’s administration is showing its a mean. mercantilist machine. Unsurprisingly, for it, international trade is a one-way street, with exports increasing wealth in America, at the expense of the importing economies and imports stealing American jobs. The psychosis is familiar territory for India and scores of developing countries. What is truly unusual is […]

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Jaitley’s Budgetary Trident

In these cynical times, slim is the market for big ideas, unsupported by facts and figures. The Finance Minister’s 2018-19 budget proposals have met the same fate. The three big picture proposals –a price assurance scheme covering all Kharif crops at a minimum 50% above their cost of production; boosting agri-product exports from US$30 billion to […]

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