Independence Day: Why Partition was a good thing for India
Today we celebrate the 65th anniversary of India’s independence. Some mourn it as the 65th anniversary of India’s partition,
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Why RBI’s fears about India’s growing current account deficit are misplaced
The Reserve Bank has expressed grave worries about the current account deficit (CAD). This hit a record 4.2% of GDP
Read moreIndians getting outraged at criticism abroad shows immaturity & inferiority complex
US President Barack Obama says India’s investment climate is unsatisfactory and limits foreign direct investment in too many sectors. Time
Read moreStudent vouchers preferable to sinking taxpayer money into Aakash tablets
Politicians love to pick and subsidise industrial winners. Crooked politicians simply seek kickbacks for backing ‘winners’. But clever, honest politicians
Read moreLease land, don’t acquire it
Prosperity requires a massive shift of labour out of agriculture into industry and services. Agriculture accounts for barely 14% of
Read moreBackward states growing fast, proving good economics can be good politics
The fall in India’s GDP growth to just 6.5% in 2011-12 has caused much moaning and groaning, along with a
Read moreBoth democracy and capitalism give the freedom to choose between alternatives
In March, I accepted a daunting assignment: to lecture college students in Pune on The Morality of Capitalism. Predictably, this
Read moreIndians haven’t learnt to think strategically in terms of foreign policy
The late K Subrahmanyam, celebrated defence analyst, said the Indian government seemed incapable of strategic thinking. Perhaps intellectuals outside the
Read moreRight to Education Act threatens education
In analysing the Supreme Court judgment upholding the Right to Education (RTE) Act, television channels have focused too much on
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