The rise of India and China in the 21st century will surely challenge the hegemony of the dollar. India’s rise is benign, while China’s rise threatens the west. Their evolving bilateral relationship will surely shape world trajectory as well as affect the dollar’s dominance. But for now, the dollar is king
The Indian rupee is expected to depreciate due to strong dollar policies of the Trump administration compounded by a wider trade deficit in India. The worry about how to increase foreign direct investment will remain. It has been falling for several years. The outflow of capital as well as the flight of rich people to other countries is also a…
The share of workers in industry has stagnated for far too long. And so have wages. As per a report of WorkIndia, more than 57 percent of blue-collar jobs in India pay less than 20,000 rupees a month. That is probably justified because of low average productivity.
The LB scheme has been a successful formula which was used in Jharkhand as well and is part of at least a dozen other states which offer cash or kind benefits targeting women, It pays electoral dividends by increasing female voter participation. But what it does to the fiscal situation, and consequent drag on growth, inflation and interest…
After the Nirbhaya case in India, the laws were tightened against sexual violence. We also have stringent laws against child abuse. Yet the laws have not stopped reported sexual crimes from growing as the NCRB data shows.
How quickly a country which was coasting along for a decade of strong, export led growth with improvements in poverty as well as human development indicators and social capital, can crumble.
This also means unshackling the education sector, allowing greater freedom and autonomy to institutions of higher education in deciding curricula, courses, faculty hiring and salaries, student fees and programs. Otherwise, millions of our youth are wasting the prime years of their youth with a psychological burden, and grueling study with…
The internal migration of workers from the rest of the country to Kerala has created a mini remittance economy, as money flows from savings generated in Kerala to the home states like Odisha, Jharkhand, Assam and Bihar.
India’s inward remittances keep growing, having more than doubled since 2010, and showing a growth of over 6 per cent per year, ahead of GDP growth. By comparison, China’s inbound remittances have been falling. Pakistan and Bangladesh get about one-fourth of what India gets.
One of the Sustainable Development Goals of the United Nations calls for a reduction in inequality. On that count, India must exert more by making the income tax net wider and ensuring a lower indirect tax burden
