Somewhat like ‘thalinomics’ of Economic Survey of 2019-20 which measured household incomes and “dosa economics” of Raghuram Rajan in 2016 to explain inflation, ‘car economics’ explains the higher-growth-higher-inequality paradigm
India has officially acknowledged that 62.5% of its population or 813.5 million people are extremely poor and need to be fed
How do you describe a nation that is the fastest-growing major economy in the world and also the fifth largest economy in the world
Import barriers are self-inflicted wounds which is not only disabling the fourth growth engine – exports – but also increasing forex outflows
In FY18, the last year for which disaggregated income tax data is available, only 29,002 ITRs declared income above Rs 5 crore, while Credit Suisse said India had 7.25 lakh dollar millionaires (the wealth...
A 17% credit growth in the first quarter of November 2022 means little since personal loans continue to dominate over loans to industry, particularly large industry. In September 2022, the CFA explained how India’s...
Surely, the Center doesn’t know; had that not been the case, it wouldn’t be giving multiple sets of data, all of which contradict each other. One true “master stroke” that helped the Modi government...
Nearly a month after Maruti Suzuki chairman RC Bhargava raised a stink by saying that people’s ability to buy small cars has eroded and would continue to decline next year and national dailies reported...
Until now, reservation was prompted by the perennial caste-based discrimination system, which has pushed a significant population into multiple deprivations; upper castes suffer no such handicap.
Genetically modified food is back in the news after the regulator Genetic Engineering Appraisal Committee (GEAC) recommended “environmental release” of GM Mustard, billed as an indigenously developed transgenic hybrid or a “swadeshi” product, on...
While there is no way of knowing if companies are really spending 2% of their net profits, the Centre has removed critical disclosure norms, making CSR activities entirely opaque and unaccountable Having diluted corporate...
The Global Hunger Index 2022 relies on India’s official data in two of the four indicators, gives extra marks in the third and for the fourth, it relies on FAO’s survey while India has...
Shockingly, World Bank estimated this using a private firm CMIE’s surveys, because Indian government wouldn’t collect household consumption data, lest it reveals the ugly truth
Two shocking revelations have hit recently: Vedanta-Foxconn to corner entire sectoral subsidy of Rs 76,000 crore to build chips and a wrong Hyundai got the PLI to make EV batteries
In more recent times, it is strong rise in financial assets, aided by fiscal and monetary support to businesses in response to the pandemic crisis, which has led to a sharper rise in inequality
