OPINION / BLOGS
  • Opinion: $5 Trillion Economy By 2024? Magic Realism At Play Given Current Low
    Maitreesh Ghatak
    Yes, we need more comprehensive reforms. But when the economy is going off the rails, pushing it back on track is the main priority, as opposed to improving the quality of tracks so that it can run faster. To achieve that, putting more purchasing power in the hands of billions of consumers and lowering the regulatory and tax burdens on the millions...
    Opinion
  • Opinion: No Disguising The Economic Slowdown Now. Take A Look
    Maitreesh Ghatak
    Only last spring, as the country was gearing up for elections, we were hearing about a growth rate of 7 per cent, the highest in the world. Various new statistics were trotted out to suggest that the growth rate since 2014 had been higher than that under the previous regime. Those of us who looked at other economic indicators such as the unemployme...
    Opinion
  • Opinion: Modinomics - What He Promised And What We Got
    Maitreesh Ghatak
    As we approach the 2019 elections, five years after Narendra Modi was elected with a thumping majority on a plank of economic development, no one talks of achhe din or Modinomics any more. Is it a case of mission accomplished - or topic-change out of necessity? How does the Modi government's economic scorecard look if we consider some key in...
    Opinion
  • Opinion: Rahul Gandhi's New "Game-Changing" Scheme Could Work - If Only...
    Maitreesh Ghatak
    The case for building up a social safety net in a country like India where the largest number of the world's poor live is compelling both from the point of view of social justice and political pragmatism. From this point of view, the MIG is a welcome idea. However, designing such schemes has to be done with much care. Otherwise, today's new solutio...
    Opinion
  • Opinion: Modi Supporters, Please See These New Economic Facts
    Maitreesh Ghatak
    It turns out that overall, the economy under both UPA terms (10-year average: 8.1 per cent) outperformed the Modi Govt (average: 7.3 per cent). Even if we look at the average growth rate under UPA II, a period of so-called policy paralysis, it was marginally higher at 7.4% than that under the Modi government.
    Opinion
  • Opinion: Sure, Rahul Gandhi Didn't Handle It Well. As For The Question...
    Maitreesh Ghatak
    Growth is all about the future while history is about the past. It is important to learn from history but it is also important not to get bogged down in partisan historical debates.
    Opinion
  • Opinion: Budget Signals No <i>Achhe Din</i> For Those Looking For Jobs
    Maitreesh Ghatak
    All budgets are associated with a sense of resources being scarce and there being trade-offs among competing ends. However, unlike individuals or organisations, government budgets are different. The most obvious reason is that the government constitutes a huge part of the economy. For example, in the latest budget, government expenditure is 13%, an...
    Opinion
  • Opinion: When Gujarat Model Fails, Bring In <i>"Padmavati"</i>
    Maitreesh Ghatak
    "The Gujarat Model" is back in the news as the election in the state approaches. Elections in a major state like Gujarat are important anyway, but in this instance, there is an added factor: Narendra Modi's rise to the national stage was entirely based on the supposed success of the Gujarat Model under his Chief Ministership for 13 years.
    Opinion
  • Review Of Jean Dreze's Book, <i>Jholawala Economics For Everyone</i>
    Maitreesh Ghatak
    If anyone had to write a book with the word jholawala in the title, that would have to be Jean Dreze, because whatever you might think of his views, he is the uber-jholawala, or to paraphrase ustadon ke ustad, the jholawalon ka jholawala.
    Opinion
  • Opinion: Where Modi Has Gone Wrong With India's Economy
    Maitreesh Ghatak
    Modinomics needs serious "modification" and for once, the pun is desperately not intended.
    Opinion
  • Opinion: Please, Let's Call A Lynching A Lynching
    Maitreesh Ghatak
    No violent act is justified, whatever may be the underlying factors, and we must treat a murder as a murder, a terrorist attack as a terrorist attack, a lynching as a lynching, and a riot as a riot, irrespective of the identities of the victim and the perpetrator.
    Opinion
  • Opinion: IT Lay-Offs Reveal The Dangers That Lie Beneath
    Maitreesh Ghatak
    According to news reports, the top seven IT companies, which together employ 1.24 million people, will cut their workforce by 4.5% in 2017. In the last few weeks itself, thousands of IT workers have been laid off.
    Opinion
  • Opinion: What New Spend On MGNREGA Exposes About Notes Ban
    Maitreesh Ghatak
    Whether demonetization will eliminate the shadow economy remains unclear but it has definitely cast a long shadow on the government's budget and the discussions surrounding it.
    Opinion
  • Opinion: Notes Ban Beats Modi's Holograms As Campaign Gold
    Maitreesh Ghatak
    Being a four-term Chief Minister of Gujarat was no fluke, nor was winning the 2014 elections by an absolute majority. The campaign for the 2019 election has begun.
    Opinion
  • Opinion: "Mann Ki Baat" Or "Ban Ki Baat"? Government Must Back Off
    Maitreesh Ghatak
    It seems that from beef to booze and from books to babies through surrogacy, lately our government (both at the central and state levels) is engaging more in ''ban ki baat", as opposed to "mann ki baat" with its citizens.
    Opinion

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