India Archive

Indian Prime Minister Narendra Modi’s visit to Japan last month saw the conclusion of an India-Japan nuclear deal that had long been in the works. Not so many years ago, that development would have elicited major international reaction, given India’s status as a nonsignatory of the nuclear Non-Proliferation Treaty (NPT). The lack of such reaction to the latest bilateral agreement is perhaps due to the fact that India already has 14 such deals in place, with a list of countries that includes the United States, Russia and France. Nevertheless, that India became the first non-NPT country to firm up such […]

On Nov. 8, Indian Prime Minister Narendra Modi announced that 500-rupee and 1,000-rupee notes would be withdrawn from circulation, a move designed to tackle corruption that instead has created chaos and disproportionately affected India’s poor, who depend on the informal economy. In an email interview, Jan Breman, an emeritus professor at the University of Amsterdam, discusses India’s informal economy. WPR: How large is India’s informal economy, how many people participate in it, and how much tax revenue does the government lose from it? Jan Breman: The informal economy in India “employs” close to half a billion men, women and children, […]