How creative is the Indian economy?

Creativity blooms during periods of extreme turbulence. One such example is the “Doing Business” index, which was initiated in 2003, in the aftermath of the dotcom boom-bust of 2000-2004.  Back then, state led development had decisively given way to a preference for an open economy, competition, markets and private enterprise. The Doing Business index benchmarked […]

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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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India’s Raj inheritance

Delhi has yet to overcome its Raj inheritance. The capital exudes the complacence of satiated imperialism, decades after the rest of the country has been democratized.  The most egregious twin dogmas Two particularly deep-seated Raj dogmas plague Delhi. First, that India has an entitlement to lead the world and second, that our long-term foe is […]

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Indian Economy – The great slide

It’s scarier going downhill than climbing to the top. Whilst on the way up, the heavyweight of inertia is known and hence manageable. Going downhill, inertia accelerates descent in unknown ways.  The economy is no different. Flab (public sector banks), poorly maintained brakes (uncompetitive private firms), worn gear cogs (lack of structural reforms) or inadequate […]

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Grow up well India

So, what are we trying to say when we repeatedly stress that 65 per cent of our population is below 35 years of age? It is not as if we are growing any younger. In fact we are ageing. And that is a good thing because it is an outcome of development. India became younger […]

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