While the Covid-19-induced lockdown has yielded mixed and spatially diverse results so far in terms of disease containment, the socio-economic impact has been uniformly devastating across states in India. This warrants a careful appraisal of the lockdown strategy and a…
PM Modi’s signature Ayushman Bharat programme launched on Sept 23, 2018 has been touted by most in the mainstream media as nothing short of a revolution with some calling it the biggest healthcare programme in the world. Is that so?…
For economists, the Great Recession, the worst crisis the world economy has seen since the Great Depression of the 1930s, has highlighted the need for plurality in macroeconomics education. Ironically, however, there is a move towards greater insularity from alternative…
With the comical cuts in oil prices in India, an international comparison with neighbouring countries shows that the petrol and diesel prices in India are the highest in the region. While a rise in crude oil prices is borne by…
For vibrant policy making, an open-minded academic engagement between contrasting viewpoints is needed in macroeconomic education. However, there does not even exist a textbook that contrasts these contesting ideas in a tractable manner. This pedagogical paper is an attempt to…
The Indian corporate sector is grappling with a severe bad debt crisis, and as a result, the banks (public sector banks) are increasingly getting saddled with non-performing assets. Calling it India’s subprime crisis might be an exaggeration but I would…
Before the last general elections, two supposedly contrasting images of Narendra Modi were projected by the media: Modi, as the development man and Modi, as the Hindutva crusader. It was argued that he won the elections because of his development…
Prof. Jagdish Bhagwati has written an invited article on the front page of Economic Times on January 9. He has made a strong case for Narendra Modi’s Make in India (and sell abroad) campaign and has urged the Prime Minister…
