Tag Archives: India

This March, the Bharatiya Janata Party (BJP) won regional elections in four out of five states, including Uttar Pradesh (UP). This huge prize represents a qualitative advance for the party and the Hindu nationalist Sangh Parivar it represents, giving greater legitimacy to their long-term goal of establishing a Hindu state in all but name. Is India ceasing to be an outpost of liberal democracy and moving in the direction of theocratic nationalism? Something to keep an eye on.But economics is...

It would be interesting to compare India's development with that of China over this period, which is roughly equivalent to China's period of modernization. Arguably, China's rise under communism began in a worse position that India's at the end of the British Raj. Is there is a lesson about socio-economic systems to be gleaned from such a comparison? And political economy.Real-World Economics Review BlogThe Indian Economy: 70 years after Independence C. P. Chandrasekhar | Professor at the...

Backgrounder.Business InsiderChina and India are guarding against the preposterousGeorge Friedman, Geopolitical Futures

The Justice Verma Committee submitted its report on January 23, 2013. In addition to recommendations for reforming laws related to sexual violence, harassment, and trafficking, it provided a comprehensive framework for gender justice through a proposed “Bill of Rights.” The Verma Committee’s recommendations are still waiting to be transformed into public policy. We must not forget that this document represents an intense 30 days of work in response to a brutal gang rape of a young...

By Sunanda Sen* (Guest Blogger)Success achieved by the Indian economy , as highlighted in the recent budget of the central government rests on four pillars which include current GDP growth rate at 7.6%, drop in inflation ( as measured by the CPI index) around 6%, a record stock of official reserve at $350bn and most importantly, a reduced fiscal deficit at 3.5% of current GDP.Looking beyond the official figures to convey the positive note, one comes across reservations; first that the GDP...

New paper by Suranjana Nabar-Bhaduri published by PERI. From the abstract:India’s trade balance and current account have shown persistent deficits for a major part of its post-independence period. Since the mid-2000s, trade deficits have increased perilously, with a sharp rise in both oil and non-oil imports. This has increased the magnitude of the current account deficit, as net earnings from services and remittances have been insufficient to offset the trade deficits. India has relied on...