In Service of The Republic: The Art and Science of Economic Policy

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Romanticism has led to greater economic and political centralisation often sub-verting the liberal democratic model of governance. Therefore for the sake of our democracy and sustainable economic growth/development, Indian policy-makers and opinion-makers need to rethink their obsession with the GDP growth.

Crippled without Crutches

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This crisis has bared the picture of workers in the lowest rungs of our economy, who hold up crucial sectors and are all but missing when it comes to focused policies and dedicated social infrastructure. The central and state governments sure have announced migrant labourer registration measures and migration commissions to regulate hiring, recently.

What Can We Expect Post the Covid-19 Pandemic of 2020?

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it is very important to understand that the true economic impacts of the lockdown and the pandemic will take time to unfold and reveal itself. But it’s certain that a decline in economic activity will contribute to the after-effects of the pandemic, and directly impact how our economy functions as a whole

Breaking Down the Recent Labour Law Amendments from the Lens of Macroeconomics

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Once the nationwide lockdown is eased, initial supply chain disruptions might impart cost push inflation while on the other hand, lack of demand (except for the essentials) due to lost income would force the aggregate price level to stay low.

Breaking Down the Recent Labour Law Amendments from the Lens of Development Economics

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More than 90% of India’s labour-force is employed in the informal sector, with limited social security benefits. This informalisation of labour-force does more harm than good and has serious repercussions on a nation’s growth patterns. Two basic policy interventions to improve existing labour conditions in developing countries are: a) increasing […]

Not so sincerely, Bharat ke bande

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An analysis suggests that handing out ₹7000 per month for a period of 3-months combined with 10 KG of free food grains a month for 6-months will come to cost only 3% of our GDP! This would classify as “stimulus” as it revives demand, even though for basic goods and services from those whose propensity to save is minimal. Keynes suggested, during World War II, that the only way to fund the war expenses of the Allied forces was through a “forced transference of purchasing power”.