Deep diving into history, India and China had been leaders of the world for a good two and a half centuries, beginning from 1500. The two countries have politically contrasting stories, but there was an unmistakable commonality of widespread cultural underpinnings in both countries. Over and above this, India was, and still is, heavily influenced … Continue reading The Political Path for India’s Industry
This is a suggestive theoretical article at best with zero empirical analysis. Comments are welcome Education has always taken the centre seat in economies at all stages. Different economies invest differently at different levels of education taking various variables into account. These include demographics, age structure, income levels, history, cultural variety, natural resources and more. … Continue reading Does a corrupt government have incentive to accelerate public spending on education?
A prima facie observation of the time distribution of different segments covered in the 110 minute long budget speech makes it easier to determine where the FM wanted to go with the Union Budget 2018-19. The first thirty whole minutes were focused towards the rural and the poor, the next fifteen minutes to health and … Continue reading A Budget for One Half of India
On Sunday, 17th December, 2017, gathered some of the most renowned development economists in the world to honour the life and work of Kaushik Basu. The event was the release of a Festschrift, literally, “fest-script” or a book to celebrate, the work of an academician, in this case, Kaushik Basu. This galaxy of stars comprised … Continue reading A Festschrift Honouring Kaushik Basu: Markets, Governance and Institutions in the Process of Economic Development
The State visit of the Japanese Prime Minister Shinzo Abe to India was historic. It marked the beginning of India's first leg of a High Speed Rail Network, or what in lay man terms, is called a dedicated corridor for a bullet train. There has been more than hoopla about the bullet train in all … Continue reading The Bullet Train is Bad Economics
The Monetary Policy Committee (MPC) cut the key policy repo rate by 25 basis points to 6 percent, lowest since 2010, in the meeting held on 2nd August, 2017, largely in line with expectations of the market, economists and experts. However, two members of the MPC, Dr. Ravindra Dholakia, and Dr. Michael Patra dissented with … Continue reading Monetary Policy of Dissent
Application of mathematics was restricted to physical sciences, but only till the last century or so. In the last 90 years, math has seen a greater advent in Economics. An increasing proportion of research papers published had use of advanced mathematical techniques to arrive at results. More so, the display of these results is in … Continue reading Mathematisation of Economics