Category: Economics

Understanding economic issues  calls fora  knowledge of our economic history ,certain  analytical skills and  a  bold articulation of  certain vision!Indian economists  have all become  stereotypes! Timid,withdrawing,self-effacing, till yesterday all leftists and Marxists.Today all liberals and  economic reformers! Manmohan Singh’s government,after the mid-term in office,seems to be facing many unsure goals!Indo-nuclear deal’s future seems uncertain.After Bush…

What will be his legacy ? Sen enjoys now a deservedly high reputation in the international economic expert circles.With more and more economists winning the Nobel Prizes in the subject the subject itself is changing so fast.  How Sen’s place in the economics discipline will be remembered?

Political, historical and technological factors. International scenario. These only help or hinder the economic progress of a nation. We need a more openly-debated economic policy too! Now, policy is drawn up by faceless bureaucrats and pro-establishment experts. There is no feedback from the grass roots. The minds of the people are not freed. They are…

Economic change? Not possible without a clear political will! It is political will,rather than any economic wisdom that propels economic change. Economics in its grand design must be seen essentially as people’s hopes and aspirations. Economic science or art may be about dry statistics or figures.But economic trnasformation calls for a vision and a drive…

It is not so simple! Anyway, one hopes our policy makers should focus on GDP as well as on non-economic factors like rule of law, transparency in governance. Under the BJP government the economic growth rose to 8.5% in 2003-04 on the previous year’s poor 4%. The Singh government promised 7-8 %.But actual growth today…

What is the public view of this one year government? The UPA completes one year in office. What is its achievements? What are its failures? The UPA wants to bring out a booklet. For preparing this booklet, the UPA had called the CPI and the CPI(M) for a breakfast meeting with the PM to finalise…

The Prime Minister and his team shouldn’t go for mere bureaucratic exercises! Listen to people who have worked at the grassroots! There are already reports in the newspapers that the Employment Guarantee Bill is watered down. There is also the letter of Aruna Roy and her colleagues in their letter to Sonia Gandhi on the…

India’s poor politics, Hinders economic development. The Economist magazine, true to its verbal gymnastics, had called India’s much talked about employement guarantee programme (or just a promise on date?) as India’s poor law! In the same typical imperial mindset the magazine goes on to elaborate its wisdom as it see it. Of course what the…