22 results found

How learning transformed the world

The under-appreciated economic miracle of education in Asia and beyond The emerging world was poor and illiterate just forty years ago. Today, over 70 per cent of the global middle class resides in the erstwhile poor countries. Much more than...

World economy: Looking up

The world is on course for good growth, low inflation, lower taxation and increased income support for the needy. And yes – declining global inequality.

Give accountability a chance

Here is a modest proposal to bring about much-needed accountability to the decisions of the RBI (and MPC): Let the RBI governor be questioned by Parliament twice a year

Making RBI accountable

The first year of operation of the Monetary Policy Committee has imposed considerable costs on the economy with very few benefits. What explains its decisions?

The New Wealth of Nations

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...

Dead parrots tell no tales

A forthcoming book explains that inflation, which haunted the world in the Seventies and the Eighties, is now only a windmill to be tilted at

Demonetisation and its contents

It was about both politics and economics. It is an acknowledged political success and early ‘returns’ indicate an economic success story as well.

Hungry for publicity

Surveys on hunger suggest that like poverty, it is more a relative, than absolute, concept. The best policy to increase nutrition is via sanitation and clean water.

Looking for honesty in the wrong places

We all have a choice — we can either debate evidence, or manufacture conclusions

It’s interest rates, stupid

Inflation is down by 700 bp since 2013, and policy rates have declined by 200bp — and you are still wondering why GDP growth is slow?