Context There has been a phenomenal rise in economic inequality in India, especially in the post-1991 liberalization period. However, widening income inequality has raised questions over economic mobility in an inclusive way. According to the Annual Wealth Check report 2019 of Oxfam, the top 1% of India’s richest lot got richer by 39% as against just 3% increase… Continue reading Economic Mobility and Inequality
Even after three decades of sustained economic growth and a proliferation of welfare schemes, roughly one in three Indians still live below the poverty line, according to the last report on poverty estimates submitted by the Rangarajan committee in 2014. While those estimates have been questioned, the fact remains that there is little dispute over… Continue reading Is India Ready For A Universal Basic Income Scheme?
A new book, The Great Invention by Ehsan Masood, unveils the genesis of the Gross Domestic Product (GDP) and how it shaped the modern economic paradigm. It comes at a time when a growing number of people are questioning this flawed metric. Is GDP a true and accurate measurement of growth? Exclusive excerpts from the… Continue reading Debate: Is GDP a true and accurate measurement of growth?
The Hindu 25th anniversary of the 1991 reforms approaches, it would be legitimate to take stock of what has been achieved. The crisis of 1991 In 1991, the focus of the reforms had been on trade, exchange rate and industrial policies. This had everything to do with the immediacy of the balance-of-payments crisis the economy… Continue reading The ease of living in India: 25th Anniversary of 1991 Reform
The Hindu GDP: GDP since 1930’s has been used to measure the economic performance of a nation, and has been shaping the debate on the performance of countries for the past 80 years or so. Today, almost every country maintains GDP statistics. GDP? Click here What are the relative merits and demerits of GDP and… Continue reading A work in progress
Summary: India’s income tax department recently released time series data for the period 2000-01 to 2014-15. This was an attempt to enhance transparency and encourage analysis which could provide insights for policymakers. This is also being seen as an attempt by the government to sensitize many on the need for the affluent to contribute more… Continue reading A taxing agenda
Pradhan Mantri Mudra Yojana (PMMY) is a flagship scheme of Government of India to enable a small enterprise come into the formal financial system and get affordable credit to run his/ her business. Who? Any Indian Citizen who has a business plan for a non-farm sector income generating activity Credit need? Less than Rs 10 lakh Possible Creditors? Banks,… Continue reading Pradhan Mantri Mudra Yojana: Funding the unfunded
Millennium Development Goals To eradicate extreme poverty and hunger To achieve universal primary education To promote gender equality To reduce child mortality To improve maternal health To combat HIV/AIDS, malaria, and other diseases To ensure environmental sustainability To develop a global partnership for development According to UNESCAP ,India has met only four of the eight… Continue reading Sustainable development Goals
Article Link With recent demands for affirmative action or job reservations for Scheduled Caste and Scheduled Tribe candidates in the private sector, debates surrounding quota have once again come to the fore. What has been suggested? Reservation in private sector has been suggested. Because providing quota in private jobs will help cool down anger among… Continue reading No jobs in sight
Indian women are no longer “passive recipients” of the state’s welfare schemes, but active agents of change. Real development is only possible with their economic empowerment, the Supreme Court has observed in a judgment. They had become “dynamic promoters of social transformation that can alter the lives of both women and men.” The judgment came… Continue reading Women are agents of change