Author Archives: Madhusudan Raj

Modi’s Swamitva Yojana (Rural Property Card Scheme)

The next batch of reform accompanying recent farm bills by the Modi government has arrived in the form of Swamitva Yojana  for the rural people. Why did I say ‘reform accompanying recent farm bills’? Because combined with those bills and looking at the intentions of this scheme, it looks like the Modi government is readying […]

Dissecting Modi’s Farm Bills

Farm bills

India’s BJP government recently introduced two farm bills that has generated lot of controversy of late: 1) The Farmers’ Produce Trade and Commerce (Promotion and Facilitation) Ordinance, 2020 and 2) The Farmers (Empowerment and Protection) Agreement on Price Assurance and Farm Services Ordinance, 2020. Opposition parties are alleging that Modi is selling out Indian farmers […]

How Risky is Coronavirus?

I was just returning home from office and saw this warning banner (see figure 1), which my local municipality office hung on the middle of the road, saying, and I translate from local Gujarati language, You are now entering a Coronavirus infected high risk area so be careful. Any sane thinking person will immediately ask […]

Thanks to Narendra Modi, India is Fast Going Bankrupt

In the aftermath of full lockdown imposed by the central government of Narendra Modi, Indian GDP has crashed by -24% in the June quarter. This is an historic event. Government’s revenues continue to plummet while their expenditures, to supposedly revive the economy, continue to sky rocket resulting in historically high record budget deficits. Government’s debt […]

Is Indian Government Consumption Key to Growth?

Consumption

The Indian central bank RBI recently said that, Indian government consumption key to growth in economy amid pandemic. Indian government spending will support the economy during the pandemic, but private consumption will be needed to drive any economic recovery once the coronavirus threat eases. Is it so? Is government spending and consumption key to growth? […]