Will Consumption Boost India’s Economic Growth?

India’s new and first female finance minister Nirmala Sitharaman in an interview recently said , At this stage, what we are looking at is making sure that consumption is encouraged through various steps that we’re taking, actually get the money into the hands of people, rural, particularly. This whole DBT-based transfer of entitlements to those […]

The Real Athenian Democracy

Democracy is our present world’s political religion. India supposedly is world’s largest democracy. We are being bombarded everyday by politicians, media pundits, academicians and other intellectuals about the virtues of democracy. In his second term’s first Mann ki Baat program prime minister Modi termed democracy as a part of India’s culture and heritage while on […]

Behavioral Economics: New Excuse for Government Tyranny

Chapter 2, Vol I of the Economic Survey of India 2018-19 begins with this title: Policy for Homo Sapiens, Not Homo Economicus: Leveraging the Behavioural Economics of “Nudge”. It starts with the following Sanskrit stanza: We cannot rely totally on rational thinking to gain information, as it is not without its bias. The following is […]

Modi’s Central Planning Folly

Modi government, since again coming to power with even bigger majority than in 2014, is centralizing the economy and the society at a rapid pace. It is bringing out one central plan after another one. It is trying to dictate every little thing that is going on in India. For example, apart from the flurry […]

Indian Businesses are Drowning in Debt

Indian businesses, especially the so-called ‘too big to fail’ ones, are drowning in debt and are failing one after another. Here is a list of few of these businesses: First, the IL&FS default and insolvency. Also, DHLF, another giant housing finance company, is also near default. Second, Baba Ramdev’s Patanjali is struggling hard with slower […]

Modi’s New Labor Reforms

In his second term, the Narendra Modi government is going to carry out some major labor reforms. These reforms aim to consolidate myriad of different labor legislation under four major labor codes. These codes are as following, The first Code talks about minimum wages for every worker, unorganised, and contract labourers in the organised sector. […]

Scarcity and Socialism

Life means reproduction and survival up to the age of reproduction. That survival requires energy that we receive by consuming various goods. There are two types of these goods. One that we use directly to satisfy our needs and second that indirectly satisfies our needs. The first one is called consumer goods and the second […]

Mises Interviews, Episode 1, Mr. Sanjay Garg

Mises India Institute is starting a new program viz., Mises Interviews. In this program we will air interviews of those people who are promoting the ideas of Austrian Economics, Freedom and Peace in India. In the first episode of Mises Interviews we talk with Mr. Sanjay Garg, who is a Loksabha candidate of Swarna Bharat […]

What Should Rational Indian Savers Do?

The World Bank and IMF consider India to be among the fastest growing world economies. Recently India humiliated Pakistan by invading its airspace. Also, India became one of the rare countries capable of destroying low-orbit satellites. India is on its way to becoming the most populated country. It already has more youth than any other […]