FB   
 
Powered bysps
        Society for Policy Studies
 
 

 
Economy and Business

Several articles have been written recently on the challenges facing the Indian economy. Unfortunately, these articles draw sweeping conclusions from a narrow set of facts, and quite simply miss the fundamental structural reforms that are transforming the economy. Moreover, one or two quarters of GDP growth and other macro data are quite inadequate to evaluate the long-term impact of the structural reforms underway.

 

I remember the day in July 2008 when the price of crude oil touched $147 a barrel. I remember the day when the King of Saudi Arabia convened a conference of oil-producing and oil-consuming countries to discuss the crisis of rising oil prices. I led the Indian delegation that included Murli Deora, then minister of petroleum.

 

The World Bank’s Atlas of Sustainable Development Goals paints a striking image of India’s poverty reduction record in the past 25 or so years. India extricated 120 million people from extreme poverty between 1990 and 2013.

 

Many questions are being asked about the consumer price of oil. Why is the price today the same as it was when the crude price was twice as high? Aren’t the oil marketing companies (OMCs) making undue profits?

 

The Afghan government has launched a plan to expand the cultivation of saffron next year, in the latest move to boost the domestic economy in the militancy-hit country.

 

The GDP growth number for the latest quarter (2017Q2) was bad, very bad. It came in at a year-on-year growth of 5.7 per cent. Just to provide a perspective — the low growth reported was the eighth worse quarter since 2011, and the 14th worst quarter since the start of the high growth period in 2003/04.

 

India’s external balance sheet may have improved significantly since the infamous taper tantrum of 2013, but there are now signs that warrant more caution from policymakers.

 

A longstanding proposition in economics, under the label of “industrial policy”, emphasises the importance of the government choosing special sectors to focus on and incentivise.

 

India’s goods and services tax regime is nearing the end of its first full quarter since roll-out this July. Revenue collections from the first month appear robust, with just 70% of eligible taxpayers bringing in ?95,000 crore.

 


< Previous ... 1 2 3 4 5 6 7 8 9 10 96 ... Next > 

(total 954 results)

Review
 
 
 
 
spotlight image Since Prime Minister Sheikh Hasina assumed office again in Bangladesh in 2009, bilateral relations between New Delhi and Dhaka have been on a steady upward trajectory.
 
read-more
Senior representatives from the US, China, Pakistan and Afghanistan met in Muscat, Oman, on Monday to revive stalled peace talks with the Taliban, but the insurgent group failed to participate in the meeting being held after a year.
 
read-more
Ruskin Bond’s first novel ‘Room on the Roof’ describes in vivid detail how life in the hills around Dehradun used to be. Bond, who is based in Landour, Mussoorie, since 1963, captured the imagination of countless readers as he painted a picture of an era gone by.
 
read-more
India’s foreign policy under Prime Minister Narendra Modi has attained a level of maturity which allows it to assert itself in an effective manner. This is aimed at protecting the country’s national interests in a sustained way.
 
read-more
Braid-chopping incidents have added to the already piled up anxieties of Kashmiris. Once again they are out on the streets, to give vent to their anger. A few persons, believed to be braid-choppers were caught hold by irate mobs at various places. They were beaten to pulp.
 
read-more
Communist parties everywhere gather the ranks every five years to review the past, set future direction, renew political leadership and rejig organisational structure.
 
read-more
In a move lauded worldwide, King Salman bin Abdulaziz Al Saud recently issued a royal decree allowing women to obtain driving licences.
 
read-more
The death toll from Saturday’s twin truck bombs in Somalia’s capital Mogadishu has crossed 300.
 
read-more
On “Defining Our Relationship with India for the Next Century”
 
read-more
Column-image

Title: The People Next Door -The Curious History of India-Pakistan Relations; Author: T.C.A. Raghavan; Publisher: HarperCollins ; Pages: 361; Price: Rs 699

 
Column-image

Could the North Korean nuclear issue which is giving the world an anxious time due to presence of hotheads on each side, the invasion of Iraq and its toxic fallout, and above all, the arms race in the teeming but impoverished South Asian subcon...

 
Column-image

Title: A Bonsai Tree; Author: Narendra Luther; Publisher: Niyogi Books; Pages: 227 Many books have been written on India's partition but here is a firsthand account of the horror by a migrant from what is now Pakistan, who ...

 
Column-image

As talk of war and violence -- all that Mahatma Gandhi stood against -- gains prominence across the world, a Gandhian scholar has urged that the teachings of the apostle of non-violence be taken to the classroom.

 
Column-image

Interview with Hudson Institute’s Aparna Pande, whose book From Chanakya to Modi: Evolution of India’s Foreign Policy, was released on June 17.

 
Subscribe to our newsletter
Archive