The price of fiscal exuberance

Politics is heating up. Elections in Bihar loom in November with Assam, Kerala, Tamil Nadu* and West Bengal tightly packed together in May next year, just after the FY 2021-22 budget. Bihar remains rural at heart. Luckily for the BJP, agriculture is the bright star in the Indian economy with expected growth of 3%. Doesn’t […]

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Use COVID to heal society

The bad news emanating from the slowing Indian economy over the last two years makes it counter-intuitive to imagine that COVID could be a blessing in disguise for halting the slow grind downwards.  A crisis is also an opportunity COVID is a crisis and India – all of it- including whataboutery experts, cynics and most […]

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The C virus and us urban Indians

“Wish the Corona came with free Tacos” is just one version of the many macabre jokes doing the social media rounds. Another is “Covid-19 has done more for Digital India than Demon”. Put these two together and you get exactly the right way to think about what it’s done to urban India. Urban India most […]

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Ending poverty statistically

India’s poor were delighted yesterday, to read in the newspaper, that India’s Executive Director to the International Monetary Fund – the celebrated data scientist Surjit Bhalla, assesses India’s poor to have reduced from 21.2 per cent in 2011 to just 6.3 per cent by 2018. He also asserts that the fastest reduction in poverty happened […]

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Is India the global fall-guy?

It can’t be very gratifying being the Finance Minister when the International Monetary Fund is calling out India for being a growth laggard pulling down world growth in 2019 to 2.9 per cent (from 3.3 per cent forecast earlier) and in 2020 to 3.4 per cent (from 3.6 per cent forecast earlier). International Financial Institutions […]

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Changing India

India is changing – fast and on the run. Consider first, the distance Modi’s BJP has traveled from being a pro-business, pro-markets, pro small government, quasi “liberal” party in 2014 to becoming indistinguishable from the left in terms of its devotion to “welfarism” and large government. Nobel Laureate Abhijit Banerjee said as much recently in […]

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