The Modi government completed one year in office on May 26. This year saw a continuation of the industrial stagnation which has been a feature of the Indian economy for quite some time now. The year-on-year rates of industrial growth,…
It is widely believed that one important reason for the remarkable victory of Narendra Modi and the BJP in the April 2014 general election in India, was the ability to tap into the aspirations of a dominantly youthful population that…
Having come to power by fanning high expectations of what it would deliver on the economic front, the Modi government’s first year has proved dull and dreary. Dull because there is little the government has to show, even on the…
On May 17, the Controller General of Accounts released the audited provisional accounts of the central government for 2014. Unlike the revised estimates in budgetary documents, these figures include actual figures for the month of March. A terse Statement from…
The current stand-off is more of a government effort to regain influence over macroeconomic management, as the government is accountable to the people whereas the RBI is not. Government_and_RBI (Download the full text in PDF format) (This article was originally…
The hurried exit of foreign investors from Indian equity and debt markets seems to be reversing what has been a long bull run in India’s stock markets over the last three years or more (Chart 1). On 7 May, the…
Paulo Paolides was a lawyer in Cyprus in the 1950s and 1960s, a very prominent citizen who was a friend of the Cypriot President Archbishop Makarios, famous for his eloquence in winning high-profile legal cases. He was also and simultaneously…
It is safe to say that Indian agriculture could not survive and would not have survived without the huge contribution of women workers. Their role has been absolutely pivotal – as farmers, as co-farmers, as unpaid workers on family farms,…
A post-Budget survey of 189 CEOs and CFOs has found that a majority of them find the Central Statistical Organisation’s new growth estimate of over 7 per cent for 2014-15 to be too optimistic and “too good to be realistic”.…
India’s software and IT-enabled services sector seems to have weathered the global crisis well. Figures just released by the Reserve Bank of India, which place computer services exports in 2013-14 at $71.4 billion, point to a continuation of the smart…
