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India’s Economy: Who Really Drives It?

The narrative : Media often frames India’s economy as powered by private corporates, with the "poor and common man" cast as minor players. The latest stats tell a different story. Why it matters : Understanding who fuels India’s $3.94 trillion economy (2024-25, MoSPI) shapes policy, perception, and reality—especially as growth hits 6.4% (Economic Survey 2024-25). 1. The Informal Engine The stat : The informal sector—small farmers, laborers, vendors—contributes ~50% of GDP, or $1.97 trillion (ILO, MoSPI estimates). The breakdown : Over 90% of India’s 475 million workers are informal (PLFS 2022-23). The e-Shram portal logs 285 million unorganized workers as of January 2025, with 52% in agriculture. Zoom in: Small farmers (86% of total) produce 70% of food grains, driving 18.4% of GDP ($725 billion, 2024-25 adjusted). The big picture: Half the economy runs on the "common man"—not a footnote, but a foundation. 2. The Poor’s Quiet Power The stat : 94% of e-Shram’s...

Tamil Nadu’s Debt Debate: Politics vs. Reality

As the state’s 2025-26 budget approaches, opposition parties, led by the BJP, accuse the DMK government of plunging Tamil Nadu into a financial crisis due to rising debt. But does the data back their claims? Why It Matters Tamil Nadu’s debt is nearing ₹9 lakh crore, sparking political backlash. Opposition claims every household owes ₹3 lakh, fueling public concern. The state’s debt-to-GSDP ratio, however, remains within limits set by the 15th Finance Commission. By the Numbers Total Debt (2024-25): ₹8,33,361.80 crore Debt-to-GSDP Ratio (2024-25): 26.41% (expected to drop to 25.75% in 2025-26) Finance Commission’s Acceptable Limit: Up to 29.10% (2023-24) Annual Borrowing Limit: 3% of GSDP (with 0.5% extra for power reforms) The Bigger Picture Shrinking Revenue: Tamil Nadu’s fiscal autonomy is under threat due to reduced tax devolution from the Union Government and GST implementation. Unfair Distribution: The state receives only 30% of central taxes, far below the 41% recommended by th...

A Tenuous Armistice in Ukraine

Putin acquiesces to America’s overture for peace but stipulates elucidation of Russia’s immutable aims Mar 14th 2025 | Hyderabad  Vladimir Putin, Russia’s autocratic steward, has proffered a circumspect endorsement of an American proposition for a 30-day cessation of hostilities in Ukraine. In remarks on March 12th, he deemed the notion “salutary” yet predicated its viability on addressing the “primordial etiologies” of the conflagration—chiefly, Ukraine’s perpetuation as a non-militarised cordon sanitaire. His stipulations are exacting: Ukraine must eschew rearmament and mobilisation, whilst Western martial succour to Kyiv remains in abeyance during the interregnum. For a potentate ascendant on the battlefield, this is less capitulation than a calibrated gambit, testing America’s resolve to broker a pax Russica. Trump’s Diplomatic Stratagem The initiative emanates from Donald Trump’s nascent administration, reinvigorated following his reinstallation in the White House. Steve Witko...

Tamil Nadu removed the official Rupee symbol ‘₹’ from the Tamil Nadu Budget 2025-26 documents

Nirmala Seetharam Tweets  The DMK government has reportedly removed the official Rupee symbol ‘₹’ from the Tamil Nadu Budget 2025-26 documents, which will be presented tomorrow. If the DMK (@arivalayam) has a problem with ‘₹’, why didn’t it protest back in 2010 when it was officially adopted under the @INCIndia-led UPA government, at a time when the DMK was part of the ruling alliance at the Centre? Ironically, ‘₹’ was designed by Th. D Udaya Kumar, the son of former DMK MLA N. Dharmalingam. By erasing it now, the DMK is not only rejecting a national symbol but also utterly disregarding the creative contribution of a Tamil youth. Moreover, the Tamil word ‘Rupaai’ (ரூபாய்) itself has deep roots in the Sanskrit word ‘Rupya,’ meaning ‘wrought silver’ or ‘a worked silver coin.’ This term has resonated across centuries in Tamil trade and literature, and even today, ‘Rupaai’ remains the currency name in Tamil Nadu and Sri Lanka. In fact, several countries, including Indonesia, the Ma...

India’s Shame: Dominance of the Upper Castes and Deprivation of Lower Castes at Multiple Levels of Indian Society

Posted by Administrator on 3 December 2014, 9:45 pm By Arundhati Roy My father was a Hindu, a Brahmo. I never met him until I was an adult. I grew up with my mother in a Syrian Christian family in Ayemenem, a small village in communist-ruled Kerala in southwest India. And yet all around me were the fissures and cracks of caste. Ayemenem had its own separate “Paraiyan” church where “Paraiyan” priests preached to an “Untouchable” congregation. Caste was implied in people’s names, in the way people referred to each other, in the work they did, in the clothes they wore, in the marriages that were arranged, in the language they spoke. Even so, I never encountered the notion of caste in a single school textbook. It was reading Annihilation of Caste, a 1936 lecture by the Indian writer and thinker BR Ambedkar, that alerted me to a gaping hole in our pedagogical universe. Reading him also made it clear why that hole exists and why it will continue to exist until Indian society undergoes radica...

Tamil Nadu’s Economic Survey Highlights Widespread Growth Ahead of Budget Day

As the nation gears up for another round of economic discussions, several state governments, including Tamil Nadu, have begun presenting their yearly economic surveys. This year marks Tamil Nadu's entry into this practice, with the state releasing its much-anticipated economic survey today, just a day before the state budget presentation on March 14, 2025. What sets Tamil Nadu apart is the remarkable spread of economic growth across its diverse regions. Unlike some states where development is concentrated in just a handful of districts, Tamil Nadu’s prosperity is distributed widely, fueled by multiple urban centers such as Chennai, Coimbatore, Trichy, Madurai, Tiruppur, Salem, and others. This balanced growth underscores the state’s commitment to inclusive development. Zone-Wise Economic Contribution The economic survey provides a detailed breakdown of the Gross State Domestic Product (GSDP) contribution across four zones—North, West, South, and East—alongside their res...

AICC In-charges change rapidly but Telangana Congress remains a divided house

  Synopsis: Even though the Congress high command has been sending general secretaries from Delhi as in-charges for Telangana one after another in quick succession, the fissures in the state unit remain unchanged. Now, Meenakshi Natarajan, an influential yet down-to-earth general secretary of the AICC and an important member of Rahul Gandhi’s team, has been sent to set the house in order. Source : South First The Congress, by its very inherent nature, always tends to become disorderly. In fact, the party unwittingly follows the principle of entropy, a thermodynamics rule that states anything in a disorderly state is more stable. However, if a party remains disorderly for too long, it may not survive, as predators are always ready to devour it. This has been proven several times. The content of democracy, which authoritarians often label as a weak form of governance, is quite high in the party. Even though the party has been sending general secretaries from Delhi as in-charges for T...