Martin Wolf CBE is best known for being, since 1996, the Chief Economics Commentator at the prestigious Financial Times (FT) newspaper published from London since 1888 on distinctive “light salmon pink” newsprint. The Financial Times – news for the well heeled If you hire a Rolls Royce, to take you from Heathrow to your budget […]Read More Martin Wolf – futurist or mere surfer of financial fashion
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 […]Read More Ending poverty statistically
Since the government no longer leaks information to the press on what is about to happen, it is tough to figure out whether the unanimous decision to hold the repo rate (the bank rate) at 5.15 per cent by the Monetary Policy Committee (MPC) on December 6 has the Union government’s blessings. Maybe this is […]Read More RBI Gov Shakti Das does a U turn
Exports in the first half of this fiscal year were $267 billion, 1.9 per cent higher than last year. This was dismal if exports are to be the engine driving GDP growth. Imports, at $312 billion, reflected poor domestic demand and contracted by 3.2 per cent. The only good news was that the trade deficit […]Read More A hybrid export model might fly
History is written by the victors because they are the ones who survive and have “the force” with them. Last week the Central Statistics Office (CSO) of the Union government set the Yamuna on fire — not very difficult really, since it has more chemicals than water — by releasing the back series of the […]Read More Politics, lies or just GDP statistics
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 […]Read More So, you want “good” jobs.