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Economic Impact of Covid in India

Covid pandemic has impacted all walks of societies across the world. It has impacted social, political as well as economical aspects of almost all countries. It has impacted developing countries like India the most, because of the nature of the economy. India is a peculiar case where though the service industry contributes highest in GDP, it employs the least number of people. Service sector has remained the backbone of Indian economy since 1991 LPG reforms. Fortunately, the service sector in India is dominated by IT services. However, non-IT services, where quick transition of work to digital platforms is not possible, is impacted hugely. Level of Digital Literacy and even access to basic infrastructure like digital devices, power, internet etc made our economy difficult to shift online immediately. And what led to exodus from the city because of lockdown related unemployment.  As Prof Anup Malani discussed during in his paper titled Explaining the Income and Consumption Effects o...

Book Review: How India Sees The World by Shyam Saran

The book is written in a temporal manner, right from times of Mahabharata. Author has tried to interpret India’s foreign policy and world view during different eras. He has analysed the theories and writing, related to foreign policy, from different tall standing personalities of the past such as Kautilya ( Arthashastra ), Ashoka (Royal Edicts), etc and other ancient treaties on state crafts in the beginning, and then moving to assertiveness in foreign policy under present government, towards the end of book. Throughout the book, the author constantly reveals interesting anecdotes and keeps connecting them to Kautilya’s Arthashastra .  Author refers to the entire Indian Sub-continent as one homogenous land, geopolitically as well as ecologically. On similar lines, he explains the idea of South Asian Customs Union, Common Currency as well as South Asian Parliament. Author believes that India has played and will continue to play the most significant part in growth and development of ...