We need our institutions as much as we need our democracy Narendra Modi’s first term in office will be bracketed by malodorous stand-offs with two governors of the Reserve Bank of India. The bad blood between the central bank and the finance ministry is just one of the stains blotting the government’s copy-book as it…
Independence Day is a good excuse for some economic chest-thumping. We should be proud that lndia is a free-enterprise democracy. Imagine the world’s burden if we were a basket case of 1.35 billion poor people. We may complain about inequality and the disproportionate number of billionaires, but it is possible to rise from rags to…
Strong, sustained growth is possible—if we don’t trip ourselves up We can hope that in the run-up to the next general election we will not suffer the type of jolts to our nervous systems that hit us in November 2016 and July 2017 with demonetisation and the introduction of the GST. “Those two shocks seem…
Will we get our act together, or continue to muddle in middle income mediocrity? So let’s see: 2018 is supposed to be a good year for India. We have low inflation, the monsoon may be normal, manufacturing is finally picking up , salarymen (and-women) are looking at good pay rises, and a litre of petrol…
63 million ‘missing’ women: we need a pink revolution Look Carefully at all the Headlines, screaming or otherwise, that are popping up these days about corruption. How many of them feature women? Study after study has found over the years that more members of the ‘fairer sex’ in parliament and in the top echelons of…
The only antidotes to fake news are truth and commonsense Start exercise your smartphone thumb, because the next big election will be fought on our mobiles. The latest Internet and Mobile Association of India survey says 86.5 per cent of users access the Internet via mobiles and smartphones. That works out to over 430 million…
Like the clever taxpayer, it will wag the system There is no loophole that has not met an Indian taxpayer. A Hindi proverb says you can never straighten a dog’s tail (kutte ki poonch…). Don’t blame the poor soul who is using adaptation techniques that would put other evolutionary survivors to shame. The Smithsonian lists…
Palliatives, pain-killers or band-aids: take your pick We are so frozen in the headlights of the onrushing slowdown that even a flicker leads us to believe that we have seen friendly djinns in the darkness. It is clear that Narendra Modi’s sixth year in power will be his worst in economic terms. The GDP is…