Undoing the consequences of political meddling and restoring faith in a central bank – and the country’s currency – often requires a lot of short-term pain.
Economists say there are weaknesses in India’s GDP data. But statisticians claim the accusations are based on flawed understanding, saying while GDP has problems, the economists are looking in the wrong places.
Coaching centres for Army aspirants in Jhunjhunu are shutting down due to plummeting admissions in the face of a lack of job guarantees under Agnipath Scheme.
More than in a rich, powerful country like the US, autonomous institutions can help raise the quality of governance in a country like India where administrative structures are weak, resources inadequate to deal with challenges. So if they are denuded of autonomy and independence, ultimately the resultant suboptimal outcomes end up hurting the incumbent electorally. Dogged, near double digit inflation played a role in UPA II being voted out of office.
More than in a rich, powerful country like the US, autonomous institutions can help raise the quality of governance in a country like India where administrative structures are weak, resources inadequate to deal with challenges. So if they are denuded of autonomy and independence, ultimately the resultant suboptimal outcomes end up hurting the incumbent electorally. Dogged, near double digit inflation played a role in UPA II being voted out of office.