India’s ruling Bharatiya Janata Party suffers blow in Karnataka State elections
The opposition Indian National Congress (INC) won a decisive victory in the southern State of Karnataka defeating Prime Minister Narendra Modi’s BJP in a keenly-watched election
Multilateral banks debunk Indian government’s claims on growth rate
The so-called theory of trickle-down effect projected by the government (high prosperity of the rich flows down to enhance the economic welfare of the poor) has been debunked by the data on the growing gap between the rich and the poor in the country, rising poverty, unemployment, and the perpetually rising prices
India’s GDP overestimated? With Aunindyo Chakravarty
India’s GDP growth has not been matched by a similar growth in key sectors of the economy. This indicates that India’s fabled GDP growth rate is more a mirage than reality, says senior journalist Aunindyo Chakravatry
Three key issues that India’s budget should address
Government finances and policy need to be reoriented towards the people, away from corporate fat cats. The focus needs to be on providing jobs, addressing inflation, and lifting incomes and wages
