GDP numbers-First time, how reliable?

India’s economic growth for the financial year 2016 has been estimated at 7.6 per cent as compared with the revised estimate of 7.2 per cent in the previous year, aided mostly by growth in the manufacturing sector. However, the GDP growth for th

Memo to Finance Minister Arun Jaitley

Memo to FM: An education bank, easy loans to India Uninc, tax breaks for savers – and my dog Since it is customary to give unsolicited advice to the finance minister in the run-up to the budget, here are some. In order to make it easy for the fi

Transnationals/Tax Havens/Terrorism - How the TTTs destroyed Westphalian consensus on National Sovereignty

In the context of the strikes made against terror camps on the border of Manipur/Nagaland by the Indian Army; there has been number of discussions about national sovereignty and the role of individual States. Actually in the last few decades the acti

Time to Bid Adieu to World Bank

India has been one of the largest beneficiaries of World Bank assisted schemes in the last few decades and due to this, several health and educational schemes were implemented. But in the life of every society and country, there comes a time to say t

India Should Leverage the Tectonic Shift in the Global Economic Order

As per Angus Maddison’s pioneering OECD study, India and China had nearly 50 percent of the global GDP as late as the1820‘s.1 Hence, India and China are not emerging or rising powers. They are merely retrieving their original position or re-emerg

Time for India to use its Soft Power in China

July 2014 is an important month for global economics and China. It is the first time in recent history that China has overtaken USA in GDP [adjusted for purchasing power parity or PPP] and has become number one country in the world according to Eurom

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