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Sarvodaya is market economics, with a soul. There are different means towards achieving this end, but the evangelists need to come up common mantra and thwart vested interests from benefiting a few
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With a decisive mandate for economic deliverance the new government will have to rapidly do more than just provide inclusive growth. It will have to foster a market culture that makes economic democracy possible
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In 'Latin America Update' Gateway House lists some of the important events in Latin America over the past month
Courtesy: Government of Brazil/Wikimedia Commons
Brazil’s advantages – including resources of oil and gas, no historical baggage, an absence of terrorism and military conflicts – and regional leadership, make it a potential global power. But it also has to tackle many challenges in the medium-term, such as poverty, poor infrastructure, healthcare and education
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Thomas Piketty, in his latest book, argues that the wealth concentration in developed economies is an outcome of the economic policies that have been followed over the centuries. His study offers insights for Indian economists who are faced with addressing the growing wealth gap between the country’s rich and the poor
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The RBI’s two-pronged strategy to protect the economy from tapering-led volatility discourages unproductive external borrowings and prods foreign portfolio debt investors to think long-term. There's another vexed issue: the IMF has sounded a cautionary note on the rising number of foreign currency debt laden Indian firms
Courtesy: Alex Jensen
The need to build ‘alternative’ economic systems that can enable people to lead spiritually fulfilling lives was the focus of discussions at the ‘Economics of Happiness' conference held in Bangalore. The answer, many believe, lies in strengthening local, community-based economies
Courtesy: Alex Jensen
At a recent conference on the ‘Economics of Happiness’ in Bangalore, opponents of globalisation outlined a vision of an economic system rooted in community, localisation and fairness. However, convincing everyone to think beyond GDP growth and look at harmonious “intelligent growth” will be a challenge
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The new Companies Act makes it mandatory for all listed Indian companies to contribute 2% of their annual net profits towards corporate social responsibility. Robust participation through CSR has the potential for socio-economic change, but innovative ideas are needed to ensure it is effective and widespread
Courtesy: Ministry of External Affairs, India
In 'India-Latin America Engagements', the Latin America Desk at Gateway House presents a selection of news of India’s engagement with the region during the previous month