Finance Minister Ms.Nirmala Sitharaman , who took over as finance minister in May, is eversince under pressure to bolster growth that’s slowed to a six-year low and check unemployment that’s risen to a 45-year high. The government’s measures to reverse the slowdown have so far come in ‘tranches’ and are seen as inadequate.  –Report by Bloomberg on Sep 19, 2019.[Read More…]

The over-reliance on the organised sector for official GDP data is causing a gross miscalculation. During the global financial crisis, it was said that the experts were behind the curve. The International Monetary Fund (IMF) and financial sector experts continued to predict till October 2008 that the global economy would grow rather than shrink. They were way off the mark[Read More…]

The ruling dispensation in India is facing a crisis of low growth, protests by major sections of the population – farmers, youth and traders – and criticism about non fulfillment of the many promises it has made. It has announced many policies but not only is their implementation tardy, many of them are a continuation of the past policies under[Read More…]

The GST is not bigger than the policy changes introduced in 1991 and hence not the biggest reform. It is not yielding more revenue to enable governments to spend more on services for the poor. Further, by damaging the unorganised sectors, it has set back output and employment in the economy rather than leading to a higher growth rate. These[Read More…]