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A Tale of Two Indias
Pandemic in India has seen a majority of its citizens going hungry to bed while another, smaller, section making millions. An inclusive, sustainable, and equitable recovery must deal with the triple…
What is ‘Formalisation’ of the Economy?
The informal sector is not made up of tax dodgers but largely of enterprises struggling to survive. It will take a structural transformation for the informal to become formal. The recent contraction…
Is India Experiencing a K-Shaped Recovery?
Well before Omicron arrived, all the evidence was that far from a robust economic recovery, India had been witnessing a rebound only in the the formal sector. The informal sector and labour have been…
If the first option of dealing with Covid-19 by imposing a complete lockdown but accompanied by comprehensive State support is not possible, then we must think of alternatives. Here is an…
What is Happening to Rural Welfare, Poverty, and Inequality in India?
An analysis of the draft NSO report that the Government has decided not to put out shows a deterioration in 2017-18 in consumption and poverty levels in rural India. The reasons may be the…
What Should We Do About the Indian Economy?
In the absence of structural reforms for transformative growth, a rural-led growth strategy is the only option for economic revival at this point of time. Growth may be slower but it will be…
Understanding India's Jobs Challenge
Unemployment today is at an all-time high but that is not the only challenge in jobs: more and more workers are withdrawing from the labour force, the wages of casual workers are below a reasonable…
Fiscal Federalism in India
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?
The Employment Question in India
The jobs question is begging for answers from the polity. Here an agenda for dealing with urban unemployment, in particular. A key element could be investment in universal basic services. It is all…
The Mirage of Modinomics
Over-promise and under-deliver has been the story of the Narendra Modi government's management of the economy.