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Economic Perspectives

A candid assessment?

AS 2015 drew to a close the Finance Ministry released its Mid-Year Review (MYR), which summarised the official view of the state of play in the econom

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Economic policies

Price of economic policy failures

A lot of the media discussion on the global economy nowadays is based on the notion of the “new normal” or “new mediocre”—the phenomenon of slowing, s

Market mayhem

The recent collapse of the stock market punctures the euphoria that has been driving Indian stocks since the Modi government assumed office.

V. SRIDHAR,ANUPAMA KATAKAM

Depreciation of the yuan

No case for complacence

The Chinese decision to use depreciation of the yuan as an instrument to address its own crisis can trigger a chain of events that can convert the rec

C.P. CHANDRASEKHAR

Taxation policy

For tax harmony?

Enforcing a national market by removing trade barriers through a harmonised commodity tax and reducing the fiscal autonomy of federal institutions is

C.P. Chandrasekhar

China’s surplus & strategy

TO the politically inclined, infrastructure lending may sound like an innocuous political terrain that is of interest only to financiers. But, it is p

Small and ignored

The myopic proposal to create a dedicated bank for MFIs does not address the systemic problems in the banking sector that work against the interests o

More stories from Economy

CHENNAI, 29/05/2014: Workers laying road in Annaipakkam Village near Arakonam under the National Rural Employment Guarantee Act (NREGA) on May 29, 2014.
Photo: M_Karunakaran

Public funds to push neoliberal agenda

The Modi government has apparently realised that the private sector is not up to the task of driving growth. It hopes to fund its neoliberal dream of

NEW DELHI, 14/02/2015: Union Coal Minister Piyush Goyal along with Coal Secretary Anil Swarup look at the on-line auctioning process of coal blocks, in New Delhi on February 14, 2015.
Photo: V. Sudershan

Lessons in coal block auction

THE first round of the auction of mining rights in 18 coal blocks to user firms in the private sector in the power, steel and cement industries has be

Greek Finance Minister Yanis Varoufakis, right, and Spanish Economy Minister Luis de Guindos, second right, are photographed during a round table meeting of eurogroup finance ministers in Brussels on Friday, Feb. 20, 2015. Eurozone finance ministers meet for a crucial day of talks Friday to see whether a Greek debt relief proposal is acceptable to Germany and other nations using the common currency. (AP Photo/Geert Vanden Wijngaert)

Averting a Greek tragedy, for now

THE citizens of Greece are not the only ones who have been watching the tense negotiations between the new government in Athens (led by the radical pa

Union Finance Minister, Arun Jaitley, and Reserve Bank of India Governor, Raghuram Rajan (left), interacting with media after RBI board meeting in New Delhi on August 10, 2014.
Photo: Ramesh Sharma

Rejigging statistics

The comprehensive overhaul of India’s national income statistics, which places India among the fastest-growing economies in the world, confounds econo

Old economics, new stirrings

Interview with the economist and author Ha-Joon Chang.