As our learned judges of the Supreme Court debate the meaning and ambit of Article 39(b), which enunciates the directive principle enjoining the state to make sure “that the ownership and control of the material resources of the community are so distributed as best to subserve the common good”, they would do well to bear in mind two things.
In the last three days, wealth redistribution has become a hot electoral issue. It’s being said that the ‘big bad State’ will snatch the properties from everyone and, in Robin Hood style, be distributed to outsiders.
In addition to an uncertain global landscape, which is marked by conflicts such as war, a major factor behind the central banks' rush for gold could be the accelerated pace of de-dollarisation.
Japan's recent emergence from a negative interest rate regime marks a new assertiveness on the part of the first post-World War 2 miracle economy
It may not be the age of war, as Narendra Modi reminded Vladimir Putin in September 2022, but a year later, India’s defence exports have witnessed a significant surge in 2023–24 with a growth of ₹21,083 crore.
What India wants is development that is sustainable and has nature & humanity at its core.
INDIA aspires to become a high-income, developed country (Viksit Bharat) by 2047. In pursuance of this comprehensive vision plan, the economy needs to wield phenomenal power to ratchet up the GDP growth rate and climb the commanding heights in 23 years from the current nominal GDP of $3.73 trillion to a whopping $30 trillion.
On Day 6 of the Fundamentals of Public Policy – Cohort 2: Awareness of Policies & Governance course, TK Arun ji, delivered a presentation on Political Economy and Public Policy in India.