During his speech to the global business elite gathered at the 2018 World Economic Forum, Davos, Indian Prime Minister Narendra Modi extolled globalization and criticized trade protectionism.

Indian farmers realize extremely low revenues. Revenues can be low either because farmers are unproductive and/or because they receive low prices for their output. While productivity relates mostly with technical aspects of farming, price realization depends on the state of the agricultural economy and can potentially be addressed by economic policy. In this article, I will discuss two dimensions of prices—wedges and dispersion—and shed light on some common misconceptions.

Are Intermediaries Bad?

Scholarly and popular accounts of institutions in developing countries have largely been dominated by twin narratives of institutional capture and decay. The Indian Election Commission (EC), however, acts with integrity and has capably expanded its power. What explains the EC’s surprising success?

The study of India in the United States was relatively modest prior to India’s independence. In 1939, the great Sanskritist, W. Norman Brown, who established the first academic department of South Asian Studies in the US reflected, “It takes no gift of prophesy to predict that [during the second half of the twentieth century] the world will include a vigorous India, possibly politically free, conceivably a dominant power in the Orient, and certainly intellectually vital and productive.

Indian historians have expended much labor and analytical acumen in deconstructing the colonial construction of Indian women and gender relations in India. The British had highlighted the “low status” of Indian women by citing cultural practices such as purdah (veiling), sati (widow immolation), child marriage and dowry, not to mention female infanticide. Since then, these practices began to metonymically represent Indian women to the outside world as being subjugated and lacking any rights or agency of their own.

Narendra Modi’s election, now four years ago, brought tremendous optimism to many observers of the Indian economy. Finally, the man who many thought had achieved economic miracles in Gujarat would govern India with similar discipline, encouraging both domestic and foreign investment and thus unleashing the full potential of the market to drive India’s economic transformation. Four years later, however, Modi’s project of governance reform has stalled.

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.