In a life to come
Infrastructure is important for growth. What is infrastructure? When most people use the word infrastructure, they usually mean physical infrastructure, not human capital, social sector, financial...
View ArticleThe Underachiever’s Manifesto
Today, I learnt a couple of new things. First, I checked out etymology of “underachiever”. Underachiever is a relatively new word. It wasn’t used before 1950s. In early-1950s, “under” was tagged...
View ArticleBudget 2013: Policy 'experts' unlikely to give up unproductive expenditure
Let’s start with 2007-08 and use the fiscal deficit/GDP ratio as an indicator. RBI data tell us the gross fiscal deficit/GDP ratio was 2.55% in 2007-08, 6.04% in 2008-09, 6.48% in 2009-10, 4.90% in...
View ArticleBihar and Gujarat
“We have examples of States growing at a fast rate, but leaving behind women, the scheduled castes, the scheduled tribes, the minorities, and some backward classes. The UPA does not accept that model....
View ArticleGovt's other 'caged parrots' getting GDP numbers wrong
Q1 2013-14 real GDP growth has been 4.4%. The government still expects 5.5% for the entire year. Many people expect Q2 and Q3 to be worse and the full year growth to be not more than 4.5%, perhaps...
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