Economy

We live in the age of artificial intelligence (AI) that has provided us with immense processing power, storage capacity, and access to information. The exponential development of technology gave us the spinning wheel in the first, electricity in the second, and computers in the third industrial revolution. In 2016, the World Economic Forum called AI “the fourth industrial revolution” that has radically transformed the way we live, work, and connect with each other. However, it has also given us regulatory challenges such as data ownership and labor protection. 

Nearly fifteen years ago, the former head of India’s Central Water Commission warned that “hydro-politics is threatening the very fabric of federalism” in the world’s second most populous country. Virtually all the subcontinent’s major rivers, including the Indus, the Ganges, and the Brahmaputra, are the subject of some level of contention. But while these international transboundary waterways receive most of the attention, it is India’s internal water wars that may well be most significant for its future.

After the general elections in 2014, a newly ambitious India appeared to emerge: a manufacturing hub with clean cities and villages, where farmer incomes would double and everyone would have houses and bank accounts. Assumed in this vision, though never articulated, was an effective government apparatus converting these ideas into concrete reality.

Cooperative federalism is a governance mantra in India these days. Between GST, Aadhar, demonetization, Swacch Bharat and more, the assertiveness of the Central government in prescribing wide-ranging technocratic policy solutions is at an all-time high. And for good reason—some of these interventions may have long-term benefits, even if they are painful in the short-term. But these benefits are rarely uniform across regions, and the long-term distributional and spatial consequences of these policies are often not well understood.