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The current method of calculating GDP treats the costs of environmental damage as income India’s GDP growth rate slows over the past five quarters has generated panic. A decrease in the GDP growth rate from 7.4% in January-March 2016 to 5.7% in April-June 2017 is equivalent to ₹ 2.59 trillion. Most commentators claim that a …

How times have changed. The United States has become the world’s largest producer of oil and gas and is now also an exporter of oil. He is also becoming a skeptic of free trade. China is now the flagship of free trade and also leads climate change activism. Aging Europe is electing young leaders, the …

By Maitreesh Ghatak Thomas Piketty’s 2014 book Capital in the 21st Century, which documents the rise of income inequality in the developed world since the 1970s, has become an unlikely bestseller for an academic book rich in facts and figures. In a recent article with Lucas Chantel, Piketty turned his gaze on India (“Indian Income …