Among the initiatives launched with much fanfare by the NDA government is the one titled “Digital India”, which is slated to use high speed internet as a core utility and provide citizens entitlements, documents and a host of services on…
For reasons not always well established, the middle class in modern societies is viewed with favourable eyes. Defined in terms that are often subjective, that group is seen as directly or indirectly underlying social stability and driving growth. Based on…
The recent rout in the Chinese stock market – and the Chinese authorities' increasingly panicky responses to it that temporarily halted the decline – may not seem all that important to some observers. Indeed, there are analysts who have said…
Over much of the last decade and more, the stock market had provided advocates of reform a convenient indicator of economic health. This was because there were long periods during that decade when real economic growth tallied with stock market…
In the ongoing Eurozone drama, the sovereign debt held by Greece is the crux of the issue. That hapless economy has seen its debt to GDP ratio increase from around 120 per cent in 2010 to nearly 180 per cent…
The Socio-Economic and Caste Census 2011 (SECC), released by the Government of India on Friday the 3rd of July, paints a dismal picture of the economic conditions of the people in rural India. The data it has unearthed need to…
The endgame nears in Greece. The latest rejection by the Eurozone Finance Ministers of any extension of the proposed bailout plan was followed by the decision of the Greek Prime Minister Alexis Tsipras (subsequently supported by a majority vote in…
The Reserve Bank of India, as is to be expected, has been denying that its Governor Raghuram Rajan had ever suggested that the world was facing the possibility of a 1930s-type Great Depression. Members of the “global financial community” are…
