BUSINESS
Elimination of Extreme Poverty: What the Consumption Expenditure Survey data tells us
The PPP $1.9 poverty line in 2011-12 was Rs 790 per person per month in rural areas and Rs 967 in urban India. For 2022-23, accounting for inflation factors provided in the HCES, poverty line in rural areas is Rs 1,452 and urban areas is Rs 1,752. Only 2.5% of rural and 1% of urban population has consumption expenditure lower than the above numbers, and hence are the only ones still below the poverty line
BUSINESS
Budget 2024: Indian economy in relative comfort, but seize the reform opportunities
Budget 2024 comes at an interesting time when the Indian economy is projected to grow at 7.3 percent in the current year, and future growth projections are reasonably optimistic. India is expected to continue as the fastest growing major economy of the world
BUSINESS
The mega Air India order for 470 airplanes embodies Indian economy’s take-off to greater heights
Higher economic growth in India is having positive spillover effects in different parts of the world – take jobs being created in the US and UK. The lesson for India and the states from Air India’s privatisation is to turn over more PSUs to private hands
BUSINESS
Mudra yojana’s success is a result of reposing faith in small businesses, ordinary people
The Mudra scheme’s approach is based on trust that the borrowers would be financially prudent despite the government giving a guarantee to the banks. In theory, there was enormous potential for moral hazard
BUSINESS
How India can prepare for China-plus-one
Incremental reforms are better than no reforms, but equally important to recognise the opportunity costs associated with our historically slow pace of progress
BUSINESS
A supreme leap forward on EWS quota
We must consider the prospects of creating newer sections of marginalised communities due to prolonged exclusion from education or labour market opportunities due to affirmative action policies
BUSINESS
Treat Indian Rupee’s exchange rate as a policy tool to enhance competitiveness of domestic market
Given that our competitors have witnessed a higher depreciation of their currencies against the US dollars, Indian exporters are automatically less competitive in the international market. This creates an added constraint to India’s growth process
BUSINESS
Protests or vandalism? Don’t kill the golden goose of private enterprise
It’s a simple fact that for faster growth and an improvement in incomes, we need non-farm manufacturing jobs to grow in India, including Punjab. Agriculture can support only so many people and we need to move workers to better productive sectors
