Economy

Economy

Who is Afraid of the Exchange Rate?

History, Geography and Some Contemporary Issues
How do we measure the exchange rate? Why do we not have a fixed exchange rate which would make life simpler? Why does the US dollar enjoy a near-supreme power? Why has the value of the Indian rupee steadily fallen? Some questions and many answers.

The Mirage of Modinomics

Over-promise and under-deliver has been the story of the Narendra Modi government's management of the economy.

Poverty in India

Are we just finding what we measure instead of measuring what we find?
Contrary to appearance, measurement of income (or ‘money-metric’) poverty – by failing to be transparent about the assumptions and values informing it – can serve the purpose of apologetics.

What Happens when Capital Evades the Nation

The new politics in Europe and the United States of whipping up hate of the outsider in the name of nationalism has its roots in the tensions between global and local capitalism.

Make in India: Why didn't the Lion Roar?

“Make in India” has failed to meet its objective of turning industry around. The government has seemed more concerned with improving India’s rank in the spurious Ease of Doing Business Index, which anyway did not result in higher investment.

India's Farm Crisis: Decades Old and with Deep Roots

The crisis in Indian agriculture today is not a new one; it goes back many years. Therefore, the problems of farmers cannot be addressed by the band aids of higher MSPs and cash transfers. An analysis of the causes and an outline of what needs to be done.

Fiscal Federalism in India

Who Should do What?
There have been landmark changes in the framework for centre-state fiscal relations in recent years. What do these hold out for the future of relations between the union and the states?
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