India-First-Global-Insights-Analysis -Sharing-PlatformIndia-First-Global-Insights-Analysis -Sharing-Platform
Dr Ashok V Desai
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Reading street lights

Has India’s economic development led to convergence or divergence? One answer can be obtained from inequality. The Gini coefficient of per capita expenditure was 0.35 in 1951 and 0.34 in 2010 – hardly any change...

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The smart watchman

Economics excites economists no end, and bores the rest to death. The Economic Survey is an ideal tome for the bedside, and a perfect cure for insomnia. Having realized this in his short tenure, the...

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Moving out of an outdated tradition

For two hours in the year, the finance minister is the master of all he surveys. Television cameras show him all over the country; millions watch and listen to him with rapt attention. That is...

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The unsensational budget

The first criterion an economist applies is, how appropriate a budget is to the macroeconomic situation. If it is inflationary, the budget must deflate, and vice versa. The current supply-demand balance is benign by Indian...

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Taking a broader view

Demonetization caused widespread distress, which the media covered profusely; they were full of emotional stories – stories of how common people suffered, and uncommon rulers reveled. It is only now that we have some basic...

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Singer, Prebisch, Lewis etc

After World War II, there was a surge of decolonization, beginning with India’s independence in 1947; Britain and France found someone to hand over power in colony after colony and left in a hurry. Some...

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Competing parochialisms

To someone who agrees with neither Jawaharlal Nehruvian students nor self-proclaimed nationalists, their views must sound parochial. The comparison may not be obvious, for parochial conventionally means limited to a small region. But it will...

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The beefy superpower

The cow has been in the news since the present government came to power. There has always been a difference of opinion between those who think that the cow is a species of mother and...

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Livelihood programmes

Economics can be good entertainment, as readers of this column might have realized. But it is also concerned with people’s satisfaction; so it would be legitimate to ask if it has made anyone happy, other...

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Putting life into India

I must say I was surprised to read that Kaushik Basu, once my friend and neighbour, had been succeeded as chief economist of World Bank by Paul Romer, whom I admire as an inventive economist....

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How to stabilize prices

Manmohan Singh is a man of history today; but for a long time he was in the centre of economic policy making. When she was Prime Minister, Indira Gandhi had once told him to control...

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Selfcongratulation galore

The completion of two years in power by the current government has unleashed a plethora of assessments. It is not worth adding an umpteenth assessment; a critical assessment would be taken by the government’s supporters...