Raghuram Rajan has said free speech suffered a 'grievous blow' in India with the resignations of Pratap Bhanu Mehta and Arvind Subramanian from the Ashoka University
Over 100 faculty signatories request the vice chancellor to ask Mehta to rescind his resignation
She said the BJP is saying in West Bengal that it wants to create a ''Sonar Bangla'' while attacking the original spirit of Rabindranath Tagore
Krugman said skill intensive industries generate a lot of GDP and exports but they do not generate a lot of jobs
On 'more appropriate' economic metric, Bangladesh has not surpassed India and is unlikely to be in future, former chief economic adviser Arvind Subramanian said on Saturday, asserting that GDP per capita is an estimate for one indicator of the average standard of welfare in a country. Congress leader Rahul Gandhi had taken a dig at the government over IMF growth projections showing Bangladesh closing in on India in terms of per capita GDP this year and described it as a "solid achievement" of six years of the BJP's "hate-filled cultural nationalism". Government sources had emphasised that India's Gross Domestic Product (GDP) in terms of purchasing power parity was 11 times more than that of Bangladesh in 2019. "The India-vs.-Bangladesh GDP per capita comparison (post IMF WEO) has sparked anxiety & acrimony. But wrong numbers being compared... "NO, on more appropriate metric, India has not been surpassed and, according to IMF, unlikely to be in near future," Subramanian said in a ..
Automatic, counter-cyclical transfers from the Centre to states can build trust and prevent trust from being corroded
Subramanian is currently visiting lecturer at the Harvard Kennedy School.
The call for self-reliant India conveys reducing our dependence on others for goods, services, or even investment
If we turn protectionist, I don't know how can we be an exporting power. Self-sufficient exporting powerhouse is an oxymoron," he said.
India's January-March GDP growth sank to 3.1 per cent, a low not seen in at least 17 years
Addressing a webinar organised by EY India, Subramanian further said while labour reforms were necessary, the way they have been done by some states have undermined basic protections to workers
Experts say that the curve is not yet flattening and the peak may occur as late as mid-August
Subramanian, along with public policy expert Devesh Kapur of Johns Hopkins University, was speaking at a webinar organised by National Council of Applied Economic Research.
As per the World Bank's latest assessment, India is expected to grow 1.5 per cent to 2.8 per cent during the current fiscal due to the impact of the Covid-19 pandemic and consequent lockdown
Here's a selection of Business Standard Opinion pieces for the day
Here's a selection of Business Standard Opinion pieces for the day
World Bank and IMF must step up to protect pvt sector, govts
The economic refugees of earlier years have been replaced by well-placed people leaving (or staying away from) India's unattractive political economy, writes T N Ninan
Here's a collection of Business Standard Opinion pieces for the day
Subramanian further said that he thinks personal income tax cuts motivated by desired increased consumption are highly inequitable