Vivek's Commentary

Now-a-day, we have strong political stability. But past was little bit unstable. India has witnessed POLITICAL DRAMA in 1980s and even in 1990s. We have experienced several wars also. These things are important not only for political and social conditions but also for economical situation. Let’s see.  I have created a coding for political stability. In India, resignation of prime minister means abolition of council of minister and loksabha. So ideally P.M. should complete full five years. So suppose X person completed his full years as a P.M. then c orresponding years would be coded as 1 (it means government was stable in these years.). Now suppose Y person couldn’t be there as P.M. for 5 years. He ruled (let’s say) only for 2 years then code for corresponding years would be 365*2/365*5 (365*5 are ideal days and 2*365 days were practically stable days.). For emergency, I have given -1 code. One might say that the dictatorship is the most stable (with compare to democracy) ...

कही है रोशनी  तो कही है बस धुआ  कही है छत शीशे का  तो कही है आसमान खुला  And that's inequality. Yes, it’s true that the disparity between rich and poor people is continuously increasing. Recently Oxfam announced the data related to the wealth hold by richest people. According to Oxfam, own 58% of total wealth in India is owned by richest 1%. But why this disparity is increasing continuously? And does it really matter? Let’s have a discussion. First figure shows that the GDP (current US$) (in billion), per capita GDP, government spending and tax revenue is increasing with similar trend. It means tax revenue and government spending (total) is increasing continuously and it's reflecting in the growth of GDP. As GINI coefficient for each year is not available, I am just using the share of top 1% richest people in GDP. We can draw a rough diagram of inequality. Second diagram is showing that the income share of top 1% richest people is increas...