Shashank's Blog

Sense Vs Nonsense of GDP And Happiness of People Shashank Vikram Pratap Singh Ph.D. Scholar Department of Commerce  Delhi School of Economics University of Delhi ssvikrampratap@gmail.com                                                            The third president of United State Thomas Jefferson once said “the care of human life and happiness and not their destruction is the only legitimate object of good government”. If we decipher his statement correctly in more operationalize way, then the possible explanation of ‘care of human life and happiness’ could be- state of being (happy, health, comfortable and many more aspects of human life) and state of lives of people (how they feel, where do they stay, what do they do, natural environment they live and many more). But   how do we make the assessme...

    Impractical Speculation of Tax Cut and Historical Surge in Sensex Shashank Vikram Pratap Singh Ph.D. Scholar Department of Commerce Delhi School of Economics University of Delhi, India. ssvikrampratap@gmail.com The performance of stock market is one of the primary indicators of health of economy. Yesterday,   Sensex hit the all-time high in intra-day trade at 40,392 by rising 340 points. It reflects the investors extremely lofty and overwhelming   sentiments towards India’s growth prospects, although the current state of economy is not as good as it was being reflected in yesterday’s 30-share BSE index. The current state of economy is very distressing and going through cyclical recession. Since last few quarters India’s rate of growth has reached (5%) to 25 quarters low and its core sector output contracted 5.2% in September which is the worst performance in last 14 years. The rate of consumption is showing the downward trend which i...