Look Carefully Where India’s Young Voters Are

  Did India’s first-time voters really deliver in the 2014 Lok Sabha elections?   The answer is no but there is another angle for the new Bharatiya Janata Party (BJP)-led Government under Prime Minister Narendra Modi to consider: states with relatively low development (defined below) also have a high proportion of young voters. This is … Continued

India Story: Industrial Growth At 0%, Inflation at 8%

With the financial year 2013-14 coming to a close, it could be a matter of great relief for everybody, including the Aam Aadmi, that the economy is not contracting sharply.   The latest data on industrial production is another signal towards a slowdown but there is no contraction or recession. Yes, we are indeed focusing … Continued

RBI Hikes Rate, Continues Inflation Battle

The Reserve Bank of India (RBI) today hiked the repo rate – the interest rate banks pay when they borrow funds from the central bank – by 0.25% in its battle to control inflation.   The repo rate now stands at 8% per annum. The reverse repo rate, the rate RBI pays to commercial banks … Continued

Inflation Below 10%, Seriously?

It might be difficult to believe that consumer price inflation (CPI) was below 10% in December, 2013 as claimed by the Government when it released the data on January 13, 2014.   Not that a per cent here or there matters much to the monthly budget because it only seems to rise. Nevertheless, it’s worth looking at what … Continued