There is income inequality. Agree? If no check this – IMF Publication …increasing the income share of the poor and the middle class actually increases growth while a rising income share of the top 20 percent results in lower growth—that is, when the rich get richer, benefits do not trickle Read more
How would you define prosperity of a society? This is a question many have been asking for so many years. The answers to this question lies in not finding the average income of the society – the metric used globally is – income per capita. This very simplified measure is Read more
One of my friends commented on Facebook as priority #1 for New Govt of India – Abolish Reservation! Here are my 2 cents on reservation (e.g. reservation in Govt jobs, education et al) and how it should change. Indian reservations system is grossly misused, people assume it to be “entitlement”. Read more
Do markets have morals? When I read Mr Rajeev Mantri’s article “The morality of markets” (Link) in the Livemint, I asked this simple question to myself. Various things came to my mind – i. financial meltdown(s) there are numerous examples of past; namesake recent one in 2008 ii. real estate Read more