Poverty usually declines with agriculture’s share of GDP. India performance breaks that trend after 2011. 'Headcount poverty dives vertically down at the same share of agriculture in GDP over the last decade.' Why?

By Maitreesh Ghatak and Rishabh Kumar

theindiaforum.in/economy/povert…

Urban agglomerations are the most efficient way to organize economic activity. Public transport is key to getting density without congestion. A lane of car traffic carries 2000 people an hour. A metro line carries 60,000. TfL's CTO Shashi Verma at Artha Global's office.

“We take public data and make it usable, derive descriptions and insights about the country from it, visualise these insights through charts, and make all of it freely available - the insights, the charts and the underlying data.”

Thanks for this amazing platform, Rukmini S

ICYMI, historian Janaki Bakhle joined me on #GrandTamasha this week to discuss her monumental book, 'Savarkar and the Making of Hindutva,' in which the author immerses herself into Savarkar's writings (and the writings about him) in Marathi grand-tamasha.simplecast.com/episodes/savar…

What did I learn from Daniel Kahneman?

Some of the smartest people on the planet gave brief answers in this session hosted by edge.org in 2014, to mark Kahneman’s 80th birthday.

The transcript is here: edge.org/conversation/o…

A must-watch interview with my friend Anirudha Dutta, who has been saying for a decade that our development story will be meaningful only if women have a bigger role in the economy, society and politics. His book caught the early signs of change in 2015.

youtube.com/embed/O3gRvANa…

What a lovely post! His remark -- ही फुलं कोमेजून जातील -- reminds me of a poem by one of my favourite poets, and I think Kaushal S Inamdar| कौशल इनामदार's as well ...

वेळ झाली भर माध्यान्ह, माथ्यावर तळपे ऊन
नको जाऊ कोमेजून, माझ्या प्रीतीच्या फुला

-- कवी अनिल

“Increasing budgets on programmes without improving the efficiency of the Indian state is like spending money on more fuel for an antiquated car”
This is ⁦Karthik Muralidharan⁩ speaking at the ⁦Artha Global⁩ office on his superb new book, Accelerating India’s Development.

Sharp piece by Sachchidanand Shukla on the utility of R-star for monetary policy makers. It is unobservable, varies across the business cycle and estimates come with large standard errors. As the Shakespearean quip goes, 'the fault lies in R-star and in ourselves'.
livemint.com/opinion/online…

तू कुणी पक्षी
पिसांवर नक्षी
कवितेच्या ईश्वराची.

— आरती प्रभू

#WorldPoetryDay

Remember that silicon scarcity that would end PV? (That ended by silicon becoming cheaper and more abundant.) Now the 'cobalt crisis' is ending. Once again the best antidote against high prices was high prices.
ft.com/content/e6f131…

'स्त्रीपुरुषांस एकत्र शिक्षण दिल्यामुळे कित्येक पुरुषांस घरीं बसून मुलें खेळविण्याचें, लुगडीं धुण्याचें, भांडी घासण्याचें, स्वयंपाक करण्याचें, दळणकांडण करण्याचें काम करावें लागतें त्याला आम्ही काय करणार? असली कामें स्त्रियांनीच करावीं हा काही ईश्वरी नियम नाही'
- आगरकर
#महिलादिन

Capex cycles can often be driven by new industries rather than old ones – Schumpeterian versus Keynesian. Crisil projects that capex in semiconductors, electronics, EVs, batteries, solar will account for a fifth of all industrial investments between FY2024-28
cc: Dharmakirti Joshi (DK)

Next on the reading list, this new book by my friend Rama Bijapurkar, who has for more than 20 years been my first port of call whenever I need gyaan on the Indian consumer economy.

Anything that Avinash does is bound to be first rate

“We use various episodes and incidents from popular culture to motivate the discussion of … economic concepts”

Another Avinash — Prof Dixit — had once told me that films are great source material to teach economic concepts

#Announcement | Artha Global is thrilled to announce a partnership with Indian School of Public Policy! This collaboration aims to develop urban-focused capacity-building programmes tailored for state & local governments in India to address key urban development challenges. bit.ly/3ucfV6o

“Many developing megacities are now centralising their fragmented urban transport systems, which offers the opportunity to think holistically about optimal network design for entire cities”

Lessons from Jakarta that may be relevant for Indian cities voxdev.org/topic/infrastr…

Advanced economies used industrial policy interventions more frequently than emerging markets did in 2023. One difference: EMEs are more dependent on import restrictions while AEs are more likely to use domestic subsidies
Source: IMF, New Industrial Policy Observatory