Piketty has got it wrong
The implied savings estimates for India, derived from his calculations of income distribution, do not conform to any known model of savings behaviour
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The implied savings estimates for India, derived from his calculations of income distribution, do not conform to any known model of savings behaviour
The world is on course for good growth, low inflation, lower taxation and increased income support for the needy. And yes – declining global inequality.
This election was the first since slow economic growth was apparent and in the data. A slow economy, however, was not the only factor — after all, in Himachal Pradesh, the BJP won by a large margin.
For whom will the Gujarat election toll – a confident BJP or a reviving Congress? The opinion polls suggest that Gujarat may not be a Rahul Gandhi moment.
The very large increase in college graduates in the non-Western world, the growing educational achievements of women, and the radical change in gender roles is critical to the understanding of current-day mega-trends. Indeed, this unprecedented development—which creates competition globally and...
It was about both politics and economics. It is an acknowledged political success and early ‘returns’ indicate an economic success story as well.
The incomes of the poorest are rising at a faster pace than any time since January 2015. That could be the reason for Modi winning elections and why the growth slowdown will soon reverse.
The old elite won’t give up their privileges easily. They will try to derail the structural transformation happening in India and object at every turn.
One logical way for the MPC to change course and lower rates is by being Keynesian at the June 7 meeting — the facts have changed, so we have changed our mind
Narendra Modi’s tenure thus far has brought about significant structural change in the economy. But the nation needs to be careful about false morality and cow vigilantism