The Recent Past and Present of Agriculture
If agriculture and food management are indeed to become “the sector of the future”, much more needs to be done, even to prevent them from becoming the sector of future disaster.
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The FDI Reversal and the Message
In a surprise turn, India (which had been receiving consistent FDI inflows even in years when foreign portfolio inflows were volatile) experienced a close to 100 per cent decline in net FDI investment in the country to $354 million in 2024-25.
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The US as Tax Haven
A look at how the US tax system actually works in terms of allowing people and companies to pay different rates of tax.
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The Sensex, the Rupee, the FIIs and the RBI
There is a sense of panic gripping financial markets in India. The immediate causes are a combined slide of indices of stock markets and of the rupee vis-à-vis the US dollar. At the root of this problem is the hugely increased presence of foreign financial capital in India’s market. That consequence of financial liberalisation cannot be easily corrected.
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The Odd Behavior of the Rupee
The long-term structural weakness in India’s balance of payments cannot be the sole determinant of the rupee’s movements. This view is strengthened by the evidence that during the recent fall in the value of the rupee vis-à-vis the dollar, it has actually appreciated relative to the currencies of other trading partners.
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How did Agricultural Output Change Under the Modi Government?
The recently released report from the MoSPI provides some estimates of how the value of agricultural output has changed since 2011-12. The broad national picture of both agricultural output and specifically crop output should be worrying for anyone concerned with the Indian economy and the fate of its people.
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India’s GST Experience
At the start of May 2023, the central government released yet another statement exuding optimism about the progress of India’s Goods and Services Tax regime, based on the previous month’s collections. An analysis of India’s GST performance.
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Wages of Casual Workers and Self-Employed Workers in India
An article in two parts, that examines the trends in real wages of casual workers and self-employed workers in rural and urban India, before the pandemic, during the pandemic and after.
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Fragilities in India’s Balance of Payments
The Economic Survey claims that India has managed the past year very well in external terms, actually increasing its share of world exports. How much of this self-congratulation and optimism is actually warranted?
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The Continuing Tax Gift to Big Indian Companies
The tax system heavily favours large corporations, and has become even more so in recent times.
