I rarely cross swords with Shankar Acharya, former chief economic adviser and one of the savviest observers of the Indian scene. But I must do so on the exchange rate. Contrary to what he and some other analysts claim, the …
India and the US are natural partners, but not natural allies. That is the lesson that flows from the ups and downs of President Obama’s visit, which started on a disappointing note in Mumbai with his refusal to name Pakistan …
India a \’natural\’ partner for US, but so are Pakistan & China Read More »
India and the US are natural partners, but not natural allies. That is the lesson that flows from the ups and downs of President Obama’s visit, which started on a disappointing note in Mumbai with his refusal to name Pakistan …
India a \’natural\’ partner for US, but so are Pakistan & China Read More »
INDIA, which has lagged well behind Africa in economic reform, has nevertheless fared much better. Most Indian reforms occurred well before the spurt in GDP growth from 6% to 9%. British academic James Manor says that thoughtful people in Ghana …
It would be unwise to expect too much from President Obama’s coming visit to India. Indians were delighted when Obama became the first black President of the US. Yet, we are now obliged to be more sober. Indians instinctively tend …
India should not expect too much from Obama\’s visit Read More »
It would be unwise to expect too much from President Obama’s coming visit to India. Indians were delighted when Obama became the first black President of the US. Yet, we are now obliged to be more sober. Indians instinctively tend …
India should not expect too much from Obama\’s visit Read More »
Should lending rates of microfinance institutions (MFIs) — often 28-36 % — be capped? Some folk think so. Officials in Andhra Pradesh once closed down MFIs for usury, but the RBI came to the rescue, declaring there could be no …
Dear Anil Agarwal, The Indian media are agog you are set to overtake Mukesh Ambani as India\’s biggest corporate promoter. You have made a massive $9.6 billion bid for 60% of Cairn India, which produces oil in Rajasthan and few …
No less than 93% of Chinese businessmen say the main reason for their spectacular success is network connections (guangxi), especially with government officials. Indian businessmen, however, have succeeded despite the government: 81% say the main reason for their success is …
Great disasters occur constantly. The Asian financial crisis blasted the miracle economies of Asia. The Great Recession of 2007-09 led to the bankruptcy/rescue of the five top investment banks on Wall Street, the biggest bank (Citibank), the biggest insurance company …
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