World Economic Forum’s Gender Gap Report 2024: 134 Years to Parity, India Ranks 129th
The Global Gender Gap Report 2024, released by the World Economic Forum, presents a dire picture of the current state and evolution of gender parity across four indices: economic participation and opportunity, educational attainment, health and survival, and political empowerment. It would take 134 years, that is, till 2158, to
India’s Booming Forex Reserves: Hidden Risks and Economic Concerns
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
Maharashtra State Budget 2024-25: NDA’s Pre-election Spending Spree Could Impact Economic Growth and Strain State Finances
Inaugurating the Bundelkhand Expressway at Jalaun, Uttar Pradesh, on July 16, 2022, Prime Minister Narendra Modi warned against the revadi (freebie) culture “that is detrimental to the development of the country”. However, the ruling National Democratic Alliance (NDA) in Maharashtra is doing exactly that. On June 28, Deputy Chief Minister
Union Budget 2024-25 Highlights | Middle Class Tax Cuts, ₹2 Lakh Crore for Jobs, Aid for Bihar and Andhra
Union Finance Minister Nirmala Sitharaman on July 23 announced income tax relief for the middle class, a Rs.2 lakh crore outlay for job creation schemes over the next five years, and a spending splurge for States run by her party’s new coalition partners, the Telugu Desam Party (TDP) in Andhra
‘The Dystopian Times’ by Appupen
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Modi’s Billionaire Boom: The Hidden Cost to India’s Public Sector
The Forbes World Billionaires annual list for 2024 included 25 new names from India, taking the number of Indians to 200. The Narendra Modi decade has undoubtedly been fantastic for a section of the super-rich, and through the years of COVID, reverse migration, agriculture crisis, and the collapse of many
The Nobel Prize for Economics: Celebration of Private Property and Capitalism
The Sveriges Riksbank Prize, the Nobel for “Economic Sciences”, has always been controversial. This is true of the 2024 award to Daron Acemoglu, Simon Johnson, and James Robinson as well. Typically, the economics Nobel is awarded to mainstream economists for work that directly or indirectly privileges the market in capitalist
Locked Out By KYC: How a ‘Banking Formality’ is Depriving India’s Poor of their Right to a Dignified Life
Ashok Parhaiya lives on the margins of subsistence in Uchvabal, a small village in Jharkhand’s Latehar district. Three of his children receive scholarships, but they are unable to withdraw the money because their bank accounts have been frozen. “Kwicy laga hua hai [KYC has been enforced],” explains Ashok. This is the
Maharashtra’s Prosperity Paradox – Frontline
Maharashtra’s economy dwarfs that of several national economies. In 2023-24, the nominal income of the State was Rs.40,44,251 crore. In dollar terms, at $483.1 billion, Maharashtra’s economy is larger than Nepal’s. Among Indian States, its economy is the largest. As much as 31 per cent of its income comes from
Two Myths About the Indian Middle Class
The first myth is in invoking the “middle class” as synonymous with income taxpayers, investment gains, and so on. Promoting policies for the middle class, the ordinary Indian, or the common man naturally enjoy broad support. | Photo Credit: Rajanish Kakade Politics is about who gets what. This definition of