Rich-poor gap worsening in India 

Despite early success, India has fallen behind its neighbor China in poverty reduction. Sweeping reforms are necessary if India is to gain ground in implementing a workable anti-poverty program comparable to China's efforts.Photo: Wikimedia Commons/Varun Chatterji

The deliberation and discourse on India’s inequality have been mostly concentrated on two key points: First, all highlights are on the top-1% “billionaire class” and its exponential growth over the period; second, on those surviving below poverty line. However, the most important question resides in the space occupied in between: What are the inequality dynamics, and how severe is […]Continue Reading

The demographics dilemma

Photo: AFP

The current double-barreled problem of recession/inflation {RI) has short-run and long-run causes.  Both causes have deep roots. Both will be with us for a long time. But the bad thing is that we will get a one-two punch. Just about the time the short-run RI cause (excess demand from too much money/too few goods) matures and in […]Continue Reading

Why there aren’t any good jobs in India

An Indian coal mine worker carries a basket of coal collected at a mine in the district of Dhanbad in the state of Jharkhand in June 2017. Photo: AFP/Sanjib Dutta

The 2019 satirical film “Eeb Allay Ooo!” highlights the grim reality of India’s employment crisis. The protagonist, who lacks marketable skills, takes on the impossible job of chasing away monkeys from public spaces. The subcontractor, not happy with his employee’s performance, hurls insults, withholds his wages and finally fires him. The film unwittingly captures what is wrong […]Continue Reading