As I have talked in the past, the value of Indian rupee against US dollar continues to decline. Rupee has now hit its historical low level of Rs.80 per dollar. Indians are feeling the heat of the RBI generated inflationary monster. Against this background the Indian news media have started peddling a thought that somehow […]
16
Jun
Jun
Prime minister Narendra Modi’s economic advisory panel has published a report called The State of Inequality in India. This report is prepared by the Institute for Competitiveness. This ironically named institute from Gurgaon has noticed the skewed income distribution of India and suggested the following government’s size enhancing measures, the Government should launch a guaranteed […]
01
Jun
Jun
Some old fallacies never die no matter how hard we try to expose them. The fallacious notion of the virtues of inflation among some of the mainstream economists and media pundits is one such fallacy. Such fallacies are the result of a total misunderstanding of how an economy works. Mainstream economists and pundits, who rely […]
17
May
May
Before the mindless covid lockdown was imposed by the Modi government in March 2020 the unemployment rate in India was already at a 45 year high. Post lockdown the unemployment rate has sky rocketed and last April it was 7.83%. The latest CMIE report presents a very grim scenario of the Indian labor market. It […]
01
May
May
The politicization of the Indian society is becoming total day by day as the influence of Western culture and its institutions, which came to India with the colonial powers, wanes with time. The Indian subcontinent is retreating back to its tribal roots under successive regimes. The ruling BJP government both at the Federal level as […]