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 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 NDA government’s appointment of hack loyalists to important positions in the sphere of education has rightly raised concerns about the damage being done to the education system. But this is not the sole source of danger to the system.…
India’s beleaguered farmers are facing another threat to what is now a tenuous livelihood. That threat is the real prospect of a poor Southwest monsoon that would substantially reduce agricultural production over crop year (July to June) 2015-16. In its…
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…
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,…
