Jayati Ghosh


Jayati Ghosh

Dear 2011, will you bring justice?

It’s been a frenetic year, closing a volatile decade in which the rapidity of economic and social change in some areas has been almost as remarkable as the continuing stagnation and decline in others.

UID’s identity crisis

For some reason, governments — as well as the development “industry” as a whole — have always had a tendency to look for universal panaceas, particular silver bullets that will solve all or most of their implementation problems and somehow achieve the development project for them. The latest such initiative bullet that seems to

India’s ‘carry trade’ bubble growing big

The world economy is heading for a period of great economic uncertainty, in which instability, trade and currency conflicts and possibilities of economic stagnation all loom large.

Economic nonsense at G-20

What exactly do the leaders of the world want for the global economy? The official communiqué released by the Group of Twenty (G-20) Seoul Summit suggests that they have very little idea. The sense that document conveys is of complete confusion, not just in terms of contradictions across the positions held by governments of different countries, but contradictions within positions, in terms of stated goals and the means to achieve them.

Is food finally getting cheaper?

For the past three years, the big economic story that has affected the lives of most people in India is food price inflation.

Charity with a colonial complex

India has not really had a vibrant tradition of philanthropy.

The unseeables

There’s no doubt about it, this is incredible India all right. Where else in the world would you get judges of a high court treating a deity as litigant in a legal case?

Flood of humanity

Our subcontinent has just experienced one of the worst natural disasters in recent memory.

The new mercantilists

Mercantilism used to be the dominant economic theory of trade policy until the early 19th century. This was the belief that an economy that ran a trade surplus would be wealthier and stronger because of the inflow of bullion, or assets. There were many flaws of mercantilist theories, most notably the confusion of bullion with real

Multidimensional poverty in India

If government sources — and the World Bank — are to be believed, poverty in India has declined significantly in the past two decades. Even as newer assessments of income poverty emerge (as with the Report of the Tendulkar Committee on Poverty Estimates) that raise the proportion of people below the poverty line, it is still argued that this proportion may be higher than earlier thought, but has still come down a lot during the period of high economic growth.

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I want to begin with a little story that was told to me by a leading executive at Aptech. He was exercising in a gym with a lot of younger people.

Shekhar Kapur’s Bandit Queen didn’t make the cut. Neither did Shaji Karun’s Piravi, which bagged 31 international awards.