Kunal

When Benjamin Franklin, one of the men who drafted the Constitution of the United States of America, had completed the task, he wrote to his friend, Jean-Baptiste Leroy in a latter, that, “Our new constitution is now established, and has an appearance that promises permanency; but in this world nothing can be said to be certain, except death and...

One of the main topics that economists often wrestle with, is the need to and importance of, reducing a country’s fiscal deficit. Let us try to understand first, what is a fiscal deficit exactly? In simple terms, the fiscal deficit is the difference between what a government earns (revenue) and what it spends (expenditure). Why does it need to be reduced? As this...

Encouragement of small business has been a cornerstone of the NDA Government’s stated policy. Who can forget Prime Minister Modi’s first Independence Day speech, when he made that fascinating speech, ending with the rousing cry, “We must be number one in start-ups... Start-up India; Stand up India.” We have spoken elsewhere about the measures taken towards making this dream a...

It is a fact nobody can dispute that India has made great strides when it comes to the education levels of its population. From independence, when the literacy rate was 18% to the present day, where statistics show almost 75% of Indians are literate (and this, despite the population continuing to increase) certainly shows that much progress has been...

Depending on which statistic you believe, between 22% and 30% of Indians live in poverty. Whether you consider the lower limit or the upper one, given India’s population, it translates to well over 250 million people living below the level at which they can sustain themselves. To put that in context, that is more than the entire population of...