This paper challenges two clichés that have dominated the macroeconometric debates in India. One relates to the neoclassical view that deficits are detrimental to growth, as they increase the rate of interest, and in turn displace the interest-rate-sensitive components of private investment....

We begin with a historical perspective on the status of women in India and consider ways of improving it. Since the ratio of male to female births in India exceeds 0.5 some groups have successfully persuaded the Indian government to ban the use of sonograms to determine the sex of the fetus,...

Calyampudi Radhakrishna Rao (Rao for brevity, henceforth) just celebrated his 90th birthday. He received numerous honors including 1972 fellow of Econometric Society and the 2002 US Medal of Science (the citation of which recognized his contributions to economics). He co-founded with Mahalanobis...