The Union Budget 2026 arrives at a delicate economic moment. Global growth remains uneven, geopolitical risks persist, and domestic aspirations for faster development coexist with
An Expenditure Pattern That Speaks Louder Than Announcements
Budgets often celebrate absolute increases—“the highest-ever allocation” to this or that sector. But what truly reveals a government’s priorities is not how much spending rises
Caste as an Institution — Part 2
From lock-in to first install: how India built a social operating system Abstract In Part 1, I argued that caste is not “eternal culture” so
India isn’t one economy. It’s four—and 492 seats decide which one wins.
India loves national stories: one GDP number, one growth rate, one “India is rising” headline. But electorally—and economically—that’s a convenient fiction. Because 17 states with
Bengal’s battlefield choice: how identity politics repeatedly dominates the electoral issues
West Bengal’s elections increasingly look less like a straight contest of manifestos and more like a contest over what the election is about. Whoever decides
A Strong Economy, a Weakening Rupee: India’s Growth Story Meets Its Dollar Reality
India’s rupee isn’t falling because the economy is “failing.” In fact, the headline growth story has been robust—GDP grew 8.2% year-on-year in the July–September 2025