Amit Basole is associate professor of Economics, School of Liberal Studies, Azim Premji University, Bangalore
There are around INR 10 lakh crores worth of bad loans in the Indian banking system. This number will likely rise.
Lowering taxes to create jobs will only work if some other key conditions are satisfied, for instance, firms need to see strong demand in the economy, particularly in the vast rural sector.
Rural distress, lack of jobs, and weak private investment are the three issues requiring immediate fiscal attention from the government.
2017 will be known more as a year of confusion and backpedaling on promises of employment to the millions of youth who enter the labour market each year.
Development in Gujarat has benefited capitalists more than common people.
Gujarat is a relatively well-off, industrial state but suffers from poor sex ratio and a low participation of women in the paid workforce.