Since prime minister Narendra Modi came to power in 2014 the Indian fiat paper currency rupee has depreciated by 55% against the US dollar. During the Manmohan Singh era that depreciation was 33%. But, not just with the US dollar, it has depreciated significantly against UK pound (25%), Euro (30%), Swiss Franc (60%), and Singaporean […]
25
Jan
Jan
Indian leaders, mainstream news media, government supporters, and many world leaders and global institutions like the IMF, World Bank, or WEF (World Economic Forum) always talk about India being one of the biggest consumer markets, or the fastest growing consumer market etc. How much truth is there in such claims? In this brief write up […]
15
Jan
Jan
The Indian government and public never get tired of bragging about their economy’s size, and it’s growth rate. For example, India’s economic growth is estimated to surge past most initial private and official forecasts, backed by robust domestic demand and government spending, helping New Delhi cope with punitive U.S. tariffs. The near $4 trillion economy […]
18
Oct
Oct
Newspaper Hindustan Times reported, ‘One Route, One Fare’ scheme launched by Govt. airline. Government-owned Alliance Air has launched the “Fare se Fursat” fixed airfare scheme, which essentially means that the fare will remain constant regardless of the time of booking. Before I write anything about the consequences of this new government “scheme” of One Route, […]
06
Aug
Aug
The Moral Case for Reservation After more than seventy years of Independence, India is still debating how to uplift its most marginalized communities. For decades, the state’s answer has been reservations. But have they genuinely helped the state uplift the marginalized group? It is certainly true that SC/ST communities have faced historic injustices, both before […]