The economic recovery around the world has been uneven. India has managed to avoid the inflationary surge that many rich countries are battling as well as the balance-of-payments crises that have brought many of our neighbours to their knees.
Considering that Mumbai and Bangalore are among Asia’s richest municipalities and have annual budgets larger than those of several Indian states, the situation raises important questions about electoral politics and local governments.
The heatwave that rippled across India earlier this month had not just left us sweltering, but also sparked fears that the winter crop could wilt because of rising temperatures.
Saurabh Modi reviews the book ‘Land is a Big Deal: Why rent is too high, wages too low, and what we can do about it,’ and its proposal to levy a land value tax to make housing more affordable