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Roshan Kishore

Roshan Kishore is the Data and Political Economy Editor at Hindustan Times. His weekly column for HT Premium Terms of Trade appears every Friday.

Articles by Roshan Kishore

What the budget does for politics

The budget aims to appeal to BJP's urban middle class, solidify support in Delhi, and bolster its Bihar narrative ahead of upcoming elections.

What the budget does for politics
Published on Feb 02, 2025 06:46 AM IST

What the budget does for demand

The budget focuses on economic prudence, maintaining income support allocations, while reducing income taxes to boost middle-class purchasing power and demand.

What the budget does for demand
Published on Feb 02, 2025 06:36 AM IST

What the budget does for the fisc

The budget focuses on fiscal consolidation amidst slow growth and inflation, with increased reliance on income tax collections from wealthy taxpayers.

What the budget does for the fisc
Published on Feb 02, 2025 06:34 AM IST

What the Budget 2025 means for economic reforms

The finance minister will introduce a new income tax bill next week, signalling major tax reforms. The budget includes customs duty cuts and support for MSMEs.

Union finance minister Nirmala Sitharaman addresses a post-budget press conference in New Delhi on Saturday.(HT_PRINT)
Published on Feb 02, 2025 01:16 AM IST

Terms of Trade: Why we should stop hyperventilating about the Budget

The Budget cannot do much to change the Indian economy’s fortunes. In fact, it only distracts us from the central question at hand 

Union finance minister Nirmala Sitharaman before presenting Budget 2024 on February 1, 2024. (Sanchit Khanna/ HT File Photo)
Updated on Jan 30, 2025 12:21 PM IST

The power of Delhi’s Purvanchali vote

Behind the story of the Burari seat lies the tale of evolution of the Purvanchali voter base – how a voter bloc went from outsiders to leaders

People perform Chhath Puja at Bhalswa Lake in New Delhi on Wednesday. Chhath Puja is significant to the Purvanchali community. (Sanchit Khanna/HT Photo)
Published on Jan 27, 2025 10:14 PM IST

India's economic worldview will have to change from China+1 to US+1

A second Trump presidency will not cripple the Indian economy but cause enough policy pain, which will only get worse if objectivity is lacking

FILE PHOTO: A worker arranges sugar bags in a net to load them onto a cargo ship at the Deendayal Port in Kandla, in the western state of Gujarat, India, September 25, 2024. REUTERS/Amit Dave/File Photo (REUTERS)(HT_PRINT)
Published on Jan 24, 2025 07:00 AM IST

Number Theory: A peripheral shift in Delhi politics

Delhi’s changing demographics, and the role of migration and economic transformation in this process is a matter of interest for ethnographers and demographers.

India Gate in New Delhi.
Published on Jan 23, 2025 11:11 AM IST

Terms of Trade | Can capital be inherently socially progressive?

To go to war with capitalism from a class perspective, you need to have a solid class alliance behind you.

Supporters of President Donald Trump rally at the U.S. Capitol on Jan. 6, 2021, in Washington. (AP Photo/Jose Luis Magana)(AP)
Published on Jan 17, 2025 06:12 PM IST

Terms of Trade | Delhi’s reckoning with democracy

AAP's core political economy model is to divert state resources from investment to supporting the short-term consumption of the poor.

New Delhi: Delhi Chief Minister Atishi with Punjab CM Bhagwant Mann and AAP National Convenor Arvind Kejriwal during a press conference after meeting with the Chief Election Commissioner, in New Delhi, Thursday, Jan. 9, 2025. (PTI Photo/Kamal Singh) (PTI01_09_2025_000212B)(PTI)
Published on Jan 10, 2025 02:04 PM IST

GDP growth to hit 4-yr-low of 6.4% in FY25: Govt estimate

India's GDP is projected to grow 6.4% in 2024-25, down from 8.2% in 2023-24, due to reduced investment, impacting fiscal and monetary policies ahead.

The National Statistical Office (NSO) released the first advanced estimates of GDP for the fiscal year 2024-25 on Tuesday projecting a GDP growth of 6.4%. (Bloomberg)
Updated on Jan 08, 2025 06:22 AM IST

Terms of Trade: 2025, 100 years of two polar opposite political projects

The RSS has proved to be far more successful than the CPI hundred years after they were formed. But this does not mean class has become irrelevant in India  

On 17 September this year, the Rashtriya Swayamsevak Sangh (RSS) will complete 100 years. (Representative photo)
Updated on Jan 03, 2025 03:40 PM IST

2024 yearender: A year marred by great economic uncertainties

Trump's second presidency may disrupt global capitalism, impacting India's economy through tariffs, currency markets, and domestic policy challenges in 2025.

There is more than enough anecdotal evidence to show that India’s economic momentum is still characterised by the K-shaped recovery. (AFP)
Updated on Dec 31, 2024 06:24 AM IST

Roshan Kishore picks his favourite read of 2024

A history-in-progress that shows how colonial authority and anticolonial resistance, warfare and nationalism, partitions, and postcolonial state-building shaped India’s near east

How historical priorities have influenced our present (Penguin)
Published on Dec 27, 2024 03:41 PM IST

Manmohan Singh: Astute economic thinker who leaves behind a lasting legacy

Manmohan Singh’s ideas of a mixed economy were radically different from what the Congress tried to achieve when India gained Independence

Manmohan Singh on July 22, 1997 (HT File Photo)
Updated on Dec 27, 2024 04:31 AM IST

How 1991 economic reforms changed India

Singh took over as the finance minister when the economy was close to sovereign default, and completely altered its course

Then President Pratibha Patil administering the oath of the office and secrecy to Manmohan Singh at Rashtarpati Bhavan in New Delhi in 2009. (Virendra Singh Gosain / HT archive)
Updated on Dec 27, 2024 08:40 AM IST

How Manmohan Singh’s economic reforms changed India

Manmohan Singh took over as the finance minister when the economy was close to sovereign default, and completely altered its course

Manmohan Singh, 92, died at AIIMS on December 26, hours after he was admitted to the hospital’s emergency department. (PTI)
Updated on Dec 27, 2024 12:55 AM IST

Terms of Trade: Will the 21st century have a Keynes and Kalecki?

A British TV show and a New York killing give us an opportunity to rethink the most important debate on capitalism and its future

Capitalism, if one were to paraphrase Churchill’s quote on democracy, is the worst form of mode of production, except everything else that has been tried (Reuters/Representative photo)
Updated on Dec 20, 2024 03:54 PM IST
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