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Opinion: Sonalde Desai: Population growth and the changing geographic and generational balance of power The United Nations estimates that the world population will reach 8 billion on November 15, 2022. Our minds had barely wrapped around a global population of 7 billion in 2011, and now, only 12 years later, we are looking at a...   Read More

Highlights

  • IMF’s latest news may not be bad news for India if it plays its cards right

    Opinion: Poonam Gupta As far as countercyclical policy support is concerned it is important to adhere to macroeconomic prudence and to recreate adequate policy buffers. There are certain policy actions India could pursue. In the latest World Economic Outlook (WEO) released on Tuesday the International Monetary Fund (IMF) has lowered the projected growth rate for...   Read More

  • How India is choking indoors

    Opinion: Debasis Barik Indoor air pollution is as much a health hazard as outdoor pollution and women bear the brunt of it. Use of clean cooking fuel must increase. The mistaken belief that pollution-related illnesses can be controlled mainly by controlling outdoor air pollution has led us to ignore the serious challenges posed by indoor...   Read More

  • Aspirational Districts Programme: Urgent Need for District Perspective Plans

    Opinion: Bornali Bhandari and Poonam Munjal While Government schemes may help map current strengths all districts need to have a vision for the future and plan for it in a holistic and integrated fashion.  The Aspirational Districts Programme is doing a commendable job of pulling backward districts away from a low equilibrium state to a high...   Read More

  • Why the exchange rate ought to be treated as an automatic stabiliser

    Opinion: Poonam Gupta For now RBI should be comfortable letting it slide (gently if it so wishes) by another 5% in the coming months and even more if the external market pressure continues. Global capital flows have been retrenching from emerging market (EM) economies since end-February in the wake of Russia's invasion of Ukraine. Another...   Read More

  • Privatise all public sector banks except SBI for now: Economists

    Opinion: Poonam Gupta and Arvind Panagariya: All public sector banks (PSBs) should be privatised and only SBI— due to its better performance — may remain under government ownership for now, a policy paper by two influential economists has recommended. The policy paper is to be presented at the India Policy Forum on Tuesday. It has been...   Read More

  • India in 2023: The challenge and opportunity of being the most populous country

    Opinion: Sonalde Desai The size of our labour force is constrained by the absence of women from the workforce. Only about 30% of women aged 15 and above are employed either in wage work on family farms and businesses. The United Nations Population Division released a new set of population projections on July 11 World...   Read More

  • Privatise all public sector banks except SBI for now: Economists

    Opinion: Poonam Gupta and Arvind Panagariya All public sector banks (PSBs) should be privatised and only SBI— due to its better performance — may remain under government ownership for now, a policy paper by two influential economists has recommended. The policy paper is to be presented at the India Policy Forum on Tuesday. It has...   Read More

  • Gaps in estimating gig, platform workers

    Opinion: Bornali Bhandari NITI Aayog’s effort though creditable has loose ends. PLFS should use 2015 worker classification and probe nature of contracts. At the outset NITI Aayog needs to be complimented for undertaking the onerous task of trying to estimate the number of gig workers. The report ‘India’s Booming Gig and Platform Economy: Perspectives and...   Read More

  • Financial inclusion: Accounting for bank accounts

    Opinion: Mridul Saggar: In China, 82% of adults made a digital merchant payment using a mobile phone. In India, the figure is just 8%. In China, 38% of adults have credit cards. In India, only 5% do. Is the lower per-capita income - and, therefore, higher default risks - sufficient to explain this? On June 29,...   Read More

  • Financial inclusion: Accounting for bank accounts

    Opinion: Mridul Saggar In China 82% of adults made a digital merchant payment using a mobile phone. In India the figure is just 8%. In China 38% of adults have credit cards. In India only 5% do. Is the lower per-capita income - and therefore higher default risks - sufficient to explain this? On June...   Read More