Black Economy in India: The Path to Growing Inequality
The single most important aspect of the Indian economy is its very large black economy. In fact, it impacts not just the economic aspect of society but also its social…
The single most important aspect of the Indian economy is its very large black economy. In fact, it impacts not just the economic aspect of society but also its social…
Third Shambhu Dutta Memorial Lecture, Organized by Transparency International India at IIC, September 9, 2019. Preface to the Lecture I am grateful to Transparency International India for asking me to…
The government was expected to present a big-bang Budget since it has a massive majority in Parliament. It was hoped that the Budget would help take the economy out…
An Economic Survey is a document that surveys the economy in the financial year just past. So, it lists the issues confronting the economy and gives prescriptions for how to…
The messaging around national security and last-mile schemes allowed Modi to present himself as the best short-term solution, regardless of his long-term vision. The Bharatiya Janata Party (BJP) – and more…
Everyone knew India's organised sector contained a large number of shell companies. We should have worked out its impact and whether a blowing up factor was required before launching…
If one does not show that the “desirable is feasible,” chances are that the promises will remain on paper, as in the past. Written by General elections are the time…
Interview by Richa Mishra In his book, Arun Kumar suggests ways to convert the complex levy into a ‘Ground Nourishing Tax’ Change is not always easy to adapt to,…
The note-ban was a foolish attempt to tackle the black economy and a policy-induced self goal by the Narendra Modi government. The response to its fall-out is more authoritarianism. Demonetisation…
India’s gross domestic product (GDP) has grown at a robust 8.2% in the first quarter of the current financial year, according to recently released official data. This is the highest in the…
The new data on GDP have raised a political storm, with the back series for GDP growth since 1993-94 becoming available. Its importance lies in the fact that in 2015, a…
Last week, the government stated that states and union territories have been paid Rs 52,077 crore since July 2017 to compensate them for the shortfall in their tax revenue. After the last…
American President Donald Trump has a lot to take back home from Londoners than to what he had come to say in the UK during his first official visit. Potus…
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