Every nation’s economic output moves up or down along a long-term trend, fluctuating in accordance with seasonal patterns, business and financial cycles and random shocks. In addition to those variables, the growth of India’s GDP now depends crucially on which party was in power when the activity occurred – and under which party it was measured. Disagreeing about the future ...

Who says economists can’t agree? In recent days, four reports evaluating the long-term economic impact of Brexit have been published, and they are remarkably consistent on at least two things. First, Theresa May’s deal will hurt the economy over the next decade or longer; and, second, exiting with no deal would be significantly worse. Ironically, that relative economic clarity may ...

Bloomberg One recent afternoon in the Indian city of Pune, a 35-year-old mason named Om Prakash Gaekwad gets a crash course in technology. He watches a street-corner skit explaining the virtues of WhatsApp’s messaging service and Reliance Jio’s wireless network. He then climbs aboard a truck to find out how to set them up. Half an hour later, he’s made ...