Economic Development
7 min read
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Food inflation in India has been accelerating at more than 8 per cent year-on-year since November 2023

October 26, 2024
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At the halfway mark of India’s elections, food remains a pinch point, for both consumers and producers. Inflation numbers bear the pain out: even as the overall retail inflation rate remained virtually unchanged in April, food inflation surged to a four-month high of 8.7 per cent, where rural consumers bore

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Economic Development
8 min read
55

Despite Election Commission’s campaigns urging every citizen to vote, millions of India’s migrant workers find it nearly impossible to exercise their democratic right.

October 26, 2024
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“Among every 1,000 men in our villages, around 300 voters are working outside the State. It is not possible for all of them to return to cast their vote,” says Habib Biswas, 29, from Faridpur in Murshidabad district, West Bengal, who drives heavy vehicles for a living. He is, however,

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Economic Development
4 min read
79

India’s first opium processing factory in Uttar Pradesh’s Ghazipur stands as a testament to the region’s rich history

October 26, 2024
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The opium factory in Ghazipur | Photo Credit: Anand Mishra India’s first opium processing factory, set up 200 years ago in Ghazipur district, Uttar Pradesh (UP) is now a thing of the past. There was a time, recalls Rudra Narayan Tiwari, a former journalist-turned-taxi-driver from Tiwaripur when the factory, ‘Govt

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Economic Development
17 min read
80

The other ‘Coal Scam’ – Frontline

October 26, 2024
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More than a decade ago, when media and civil society were going gung-ho against the then UPA government for the “Coalgate” scandal, the furore was focussed on a report prepared by an independent institution, the Comptroller and Auditor General (CAG) of India, that revealed evidence implicating the Union government and

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Economic Development
8 min read
90

India Heatwave 2024: Deaths, Crop Failures, and Economic Impact Highlight Climate Vulnerabilities

October 26, 2024
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In his book The Heat Will Kill You First: Life and Death on a Scorched Planet Jeff Goodell writes; “We simply have not come to terms with it, especially in the way I am describing. It is not how anyone expects to die. In part, it’s because we live in

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Economic Development
7 min read
50

Modi’s economic policies are primarily driven by political objectives rather than substantive economic concerns

October 26, 2024
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Modi’s policies have caused an unusual increase of income and wealth concentration in the hands of a few business houses. | Photo Credit: AMIIT DAVE/REUTERS The election results, which gave both the BJP and the National Democratic Alliance a far fewer number of seats than they had in the previous

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Economic Development
6 min read
70

India’s Booming Forex Reserves: Hidden Risks and Economic Concerns

October 26, 2024
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The influx of foreign capital to India is creating domestic vulnerabilities by causing a credit boom, particularly in retail lending. | Photo Credit: REUTERS Figures on India’s balance of payments in financial year 2023-24, released by the Reserve Bank of India recently, have added to the hype on India’s growth

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Economic Development
17 min read
132

India’s Election 2024: Caste Politics Surge Exposes Economic Anxieties and Policy Vacuum

October 26, 2024
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In the recent general election, many voters gave their material interests priority over Hindu nationalism, delivering a shock to the ruling BJP. In doing so, they demolished the hype about “India on the move”, propagated by both international and domestic elites. The hype—built on exaggerated GDP growth numbers and detached-from-reality

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Economic Development
7 min read
115

India’s Path to Developed Nation Status by 2047 Remains Uncertain | C.P. Chandrasekhar

October 26, 2024
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In the search for the next country that will transit from backward to advanced status, India’s name sometimes features. This is partly because the idea has been mooted by Prime Minister Narendra Modi, who promises to make India a “developed nation” by 2047. A country is identified by official agencies

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Economic Development
8 min read
130

Budget 2024 Shows That Modi Government Has Not Learnt From Its Electoral Setbacks

October 26, 2024
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The hype around the presentation of the Union Budget is often overblown in India, but it still merits attention. Because it provides an indication of the nature and intentions of the Central government, at least for the year going forward, it is both economically and politically significant. What does this year’s

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