Neither pharma nor IT would have become the stars of the economy without the active but largely invisible hand of the Indian State, says Ajit Balakrishnan. The current debate in India about how to trigger a quantum jump in industrial manufacturing activity and, thus, create large-scale employment is largely centred on ways to reduce the role of the State -- in allotting land, in environmental clearances, in firing workers and so on. Yet the case studies of two industries that came from origins ... Rediff.com, 1 month ago
Here are a few things you should know about Arvind Panagariya: 1. Panagariya, who holds a PhD degree in Economics from Princeton University, is an Indian-American economist and Professor of economics at Columbia University and an ex-chief economist at the ...Jagran Post, 1 month ago
Four specific areas will be watched carefully in the first half of FY16 There are many good reasons why 2015 will be crucial for the Narendra Modi government. A new government with a clear mandate for a five-year tenure at the Centre usually takes six months to settle down. It gains momentum only after that initial period of six months by which time its strategies become clearer and its initiatives start yielding tangible outcomes. In comparison, the first six months of a new government are ...Rediff.com, 1 month ago
He was most recently credited as one of the brains behind labour law reforms in Rajasthan Renowned Columbia University professor Arvind Panagariya will be the first vice-chairman of the newly created NITI Aayog (the prime minster will be chairman), at a time when the world is looking at India to shed years of slack economic growth. His first big challenge will be to give a firm direction and focus to NITI Aayog, the first name being an acronym for National Institution for Transforming India. It ...Rediff.com, 1 month ago
High growth is not only not a must to improve our level of well-being, it is doubtful if it can be pursued for too long. High growth is good for those who sell motor cars and home appliances, but it can make better sense to tell people they must first learn to clean their own toilets, find cheap ways to produce enough safe drinking water and reform the way we teach children in government schools. The latest numbers on the Indian economy aren’t cheerful. While inflation continues its ...Rediff.com, 2 months ago
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