The writer is C. Marks Professor at Cornell University and former Chief Economist and Senior Vice President, World Bank.
One of the finest minds of our times, Ashok Mitra was anguished by poverty and inequality. His anger sometimes led him to make mistakes.
To deal with corruption, it is not enough to just get fiscal policies right. It is in our collective long-term interest to nurture individual values.
There is an impressive increase in school enrollment levels across the country. But not much thought is being given to what students learn.
India’s economy is not doing well. Only carefully crafted policy reforms can turn it around
A magical trip that almost didn’t happen. A moment when disbelief was shaken.
India’s early investment in secularism, cultural openness, freedom of speech, which made the early years difficult for economic growth, is now in a position to pay off. But all forecasts come with caveats.
India can become a global hub for higher education. Much can be achieved without government having to do the heavy lifting
Central bank should be more aggressive in cutting the repo rate. It must signal that this is the direction it will pursue in the foreseeable future.
We need to look at corruption through the lens of law, economics and psychology. The design of corruption control mechanisms is important.
The noticeable drop in India’s visibility in important global debates should worry us all
Six months later, it is clear that it achieved next to nothing, and inflicted a large cost on the poor and the informal sector.
To extend its global appeal, China is accommodating religion today. India, which invested early in diverse freedoms, should highlight inclusion now
India, and the world, are changing. Our collective responsibility — to make politics and policy more creative — grows more urgent
Former chief economist of the World Bank, Kaushik Basu is Professor of Economics and C. Marks Professor at Cornell University
In terms of influence on modern economics and game theory, John Nash has few peers.
Kareena Kapoor Khan, Sonam Kapoor, Madhuri Dixit: Fashion hits and misses of the week (May 20 – May 26)