And while the IITs have been in decline for many years now, some of the MHRD’s exclusivist policies are poised to drive them further into the ground.
Making India a less-cash economy will not necessarily end the generation of black money. It only means that the circulation of black income will take place differently.
Some American and European economists are worrying that the Japanese ‘disease’ will spread among all leading economies. Indeed it could be argued that with Europe in the doldrums and the US economy not steaming ahead as it once did, this may be already happening.
India accounts for 3% of the global middle class with 23.6 million people. It has the lowest threshold for a person to be considered middle class with annual wealth of $13,662 (Rs 737,748 or Rs 61,480 per month). With 23.6 million people, the Indian middle class holds almost […]