Subsidies are here to stay. Worryingly, subsidy expenditure will likely increase as Indian politicians try to meet a wider set of aspirations through more diverse freebies.
Paper co-authored by SBI chief economist Soumya Kanti Ghosh underscores how policies geared towards boosting real income and reducing inflation could help hike savings rate in India.
Gujarat is a classic case of a corporate-led development model which involves increasing prosperity for the rich, but very little benefit of growth trickles down to the poor.
Over generations, Bihar’s bane has been its utter lack of urbanisation. But now, even Bihar is urbanising. Or let’s say, rurbanising. Two decades under Nitish Kumar have created a new elite in its cities.
Indian govt officials last month skipped Turkish National Day celebrations in Delhi, in a message to Ankara following its support for Islamabad, particularly during Operation Sindoor.
Bihar is blessed with a land more fertile for revolutions than any in India. Why has it fallen so far behind then? Constant obsession with politics is at the root of its destruction.
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