The Indian Economy Blog

Archive for the 'Human Capital' Category

Resuscitating Indian Retail Industry

Thursday, September 4th, 2008

Unorganised and organised retail must coexist and flourish in India… After almost scaring the Tata Motors away from West Bengal, Mamata Bannerjee has now trained her guns on Reliance Retail. Well, Reliance Retail should be used to being targeted by feisty women politicians. Immediately after coming to power in Lucknow, Ms. Mayawati had earlier undertaken a [...]

Caste And The Gentleman Class

Tuesday, July 15th, 2008

Writing in his latest book A Farewell To Alms UC Davis Professor Gregory Clark provides insight into the possible reasons why the English (and Europeans in general)  are on the whole considered “gentlemanly” and more “polished” (except while watching football, of course). Clark’s reasoning can also be extended to explain why India didn’t develop in [...]

Economic Illiteracy

Tuesday, July 8th, 2008

Mukul Asher, a professor at the LKY School of Public Policy in Singapore and Amarendu Nandy, a research scholar at the same university, have a thought-provoking guest post: A recent ASSOCHAM Business Barometer Survey of 258 faculty members of MBA programs in India found that most professors did not know basic facts about the national [...]

Is Jain-To-Jain Better Than Jain-To-Many?

Wednesday, April 30th, 2008

Long-time reader Joydeep Mukherji sends us this (via email) This article talks about a program for Jains to donate money to help teach Jain students for free. It seems like a nice idea. Perhaps other groups (Patels, Jats, Chettiars) can follow their example. However, it may be a bad idea if you think that such [...]

Defence Pensions: Worrying Signs

Sunday, March 9th, 2008

The total strength of the defence employees has risen from nearly 362,000 in 1960 to 1.3 million today. The defence pensions bill, which is over 50 percent of the central government’s pensions bill, has also risen exponentially since the 1960s. It has grown nearly tenfold from Rs. 1670 Crore in 1990-91 to Rs. 15,244 Crore [...]

Farmers And Loans

Friday, February 29th, 2008

So the UPA government is set to improve credit availability (and write off loans) for farmers. Laveesh Bhandari tells you why, if improving the livelihood of farmers is a policy goal, the Manmohan Singh and P Chidambaram are barking up the wrong tree. Here lies the crux of the matter. If use of new seeds, [...]

International Trade, Population and Productivity

Saturday, January 26th, 2008

A new research paper titled Trading Population for Productivity: Theory and Evidence by Oded Galor and Andrew Mountford focuses on a novel Unified Growth Theory. The paper argues that the – differential effect of international trade on the demand for human capital across countries has been a major determinant of the distribution of income and [...]

Want To Observe Economic Policy-Making First Hand?

Tuesday, January 1st, 2008

The Indian Finance Ministry has launched an internship programme. More details available here – link Sounds fascinating. If you’re interested, apply soon, since the deadline is nigh — 15 Jan. A courtesy salaam to Ajay Shah. Q) Is this the first such internship programme in the Finance Ministry?

Feeling Good About Indian Economy

Sunday, December 23rd, 2007

As another year draws to an end, extracts from two speeches delivered this year — one by an ex-finance minister (who happens to be the current Prime Minister) and another by the current Finance Minister. Both the speeches were delivered to a foreign audience and the extracts reproduced here cover only the hard facts, not [...]

Crumbs Versus Pittance

Friday, November 30th, 2007

While as an army Jawan fighting militants in Kashmir gets a monthly pay packet of Rs 14,000 and host of other benefits including allowances in the form of disturbed area allowance his counterpart in the CRPF draws a meager pay of Rs 7,500

Jammu & Kashmir: the readymade SEZ

Thursday, November 15th, 2007

One of the criticisms leveled against India’s SEZ policy is that the zones are too small to make a real difference. But there’s a very big zone that could be an SEZ, especially if the state’s politicians—who are all for ‘autonomy’—decided economic freedom is something that is well in their capacity to achieve. And set [...]

On Tehelka’s Dissing Of Vibrant Gujarat

Thursday, November 8th, 2007

In a series of seven short posts over at The Acorn I show how Tehelka juggled facts and figures in order to poke holes into the “Vibrant Gujarat” story. I’m posting the concluding piece of the series here, to summarise where we are at the end of our examination of Shivam Vij’s article. There is [...]

Shunning the Military McJobs

Saturday, October 27th, 2007

…how the Indian elite is not paying the burden and cost of its status There are linkages between the larger society and its military subsystem. The military is always in a dilemma – how much to converge so as to absorb the social and political values and pathologies of the civil society and how far [...]

An Unappealing Military Career

Monday, October 15th, 2007

A report in the Khaleej Times highlights the unattractive nature of a military career in India; not only for the young aspirants, but also for those who have already served for a significant period in uniform. Officers and men are deserting the Indian armed forces — the second-largest in the world after China — in [...]

New Insights On Poverty And Life

Wednesday, September 5th, 2007

around the world, again by Hans Gosling. Dont miss it – worth every minute. This talk is a follow up to the previous one (thanks Ajoy for the comment) that we had posted last week. And, thanks to Nikhil, the data is available on the web too. Here it is where it is available at [...]

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