Would you trade off Democracy for any other System?

There is a popular opinion that, having a democracy for a poor or low income country is a trade-off. We would have to forego faster growth for democracy. But, if you ask me, I wouldn’t trade democracy for any other system in India. I believe that, prosperity and democracy can never be separated from each … Continue reading Would you trade off Democracy for any other System?

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Poverty, Related Concepts and Its measures

In this chapter, we will discuss Poverty and certain things around it. What is Poverty? How the perspective about Poverty has changed over the years? Various Definitions of Poverty, The Concepts of Absolute Poverty and Relative Poverty, Measurement of Poverty – various methods and committees; Causes of Poverty; Linkage between Growth and Poverty reduction; Non-income … Continue reading Poverty, Related Concepts and Its measures

The Goods and Services Tax (GST) regime aims to re-shape India’s economic landscape benefiting various stakeholders, while also making it an easier place to do business. Comment

Approach: Introduce with transformational aims of GST Discuss how various stakeholders benefit from the GST regime and the impact on doing business Mention some challenges with GST Conclude appropriately Answer: The Goods & Services Tax (GST) is aimed at a simplified, assesse-friendly tax administration system in the country with a paradigm shift towards ‘One Nation, One Tax, … Continue reading The Goods and Services Tax (GST) regime aims to re-shape India’s economic landscape benefiting various stakeholders, while also making it an easier place to do business. Comment

Raghuram Rajan and Rajanomics- Always one step ahead.

Unlike the typical run-of-the-mill bureaucrats, Raghuram Rajan is an interesting personality. I have been closely following his interviews, sound bites and write-ups. Here is some compilation of some of the Rajan's background and economic views. Influence of the Chicago School Rajan started his career as a professional economist in 1991 at Chicago University’s Booth School … Continue reading Raghuram Rajan and Rajanomics- Always one step ahead.

100% reservation for Kannadigas for blue-collar jobs in the private sector. Is it a good policy move?

The Karnataka Government is pushing for 100% Quotas for Kannadigas in Blue-collar jobs in the private sector, this is a poor policy move. For various reasons: Government has no business in meddling with who the private companies hire for production. The rationale behind this terrible move seems to be the assumption that migrants from other … Continue reading 100% reservation for Kannadigas for blue-collar jobs in the private sector. Is it a good policy move?

The need for FDI in Indian Economy. Why there is a gap between MoUs signed and Actual FDIs?

FDI is a non-debt flow and is needed for the Indian economy for the following reasons. FDI brings with it capital and technical know-how. Increases the competitiveness of the domestic manufacturers and service providers due to international competence pressure. supplements domestic investment to sustain high growth rate by inter-form collaboration. could also promote growth by … Continue reading The need for FDI in Indian Economy. Why there is a gap between MoUs signed and Actual FDIs?