India-First-Global-Insights-Analysis -Sharing-PlatformIndia-First-Global-Insights-Analysis -Sharing-Platform
Dr Ashok V Desai
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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...

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A resigned governor

It cannot be said that the resignation of Raghuram Rajan was separation by mutual consent. He had implicitly indicated his willingness to serve another term; his change of mind indicates either that he was given...

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The Disunited Kingdom

“Events are moving faster than anyone can comprehend, and only one thing is certain – that seemingly no-one thought it might be a good idea to figure out what to do after a Brexit vote....

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India after the reforms

It is a quarter century since the reforms of 1991. I have written earlier about what difference the reforms made. First, there has been no payments crisis since the reforms, against one roughly every decade...