For the first time, India is well-placed to catch the current global boom in wheat prices. At a time when India’s granaries are full to bursting, bad weather has ravaged wheat crops across the world and sent prices soaring. In …
I have long said that India is not globally competitive in manufacturing. Now, at last, I see limited signs of improvement. I will focus in this column on the auto industry. Ford has decided to outsource car engines for its …
Daniel Kahneman has won this year’s Nobel Prize for economics for showing that human beings are irrational. Readers will ask, isn’t that too obvious to merit an award? Answer: an economist is one who observes that something works in practices …
Fears of a double-dip global recession have depressed bourses the world over, inducing a flight to treasury bonds. Economists (and indeed The Economist) are singing gloomy jeremiads. Double-dip recessions are rare. Why then are markets expecting it? Mainly because the …
For all those who believe that global inequality and poverty have been worsening, here is some dramatic news. In the two decades from 1980 to 2000, the proportion of poor people in the world has fallen from 44 per cent …
For all those who believe that global inequality and poverty have been worsening, here is some dramatic news. In the two decades from 1980 to 2000, the proportion of poor people in the world has fallen from 44 per cent …
Dear Yashwant Sinha, When you were finance minister, you played an important role in attracting foreign direct investment. Pessimists earlier thought that FDI would dry up if the BJP ever came to power. But you were among those who understood …
Darks clouds are gathering on the financial horizon. The world economy is slowing, and may suffer a double-dip recession. Stock markets are plunging in India and the world over. Privatisation of HPCL and BPCL looks off the agenda. Standard and …
For most of history, an agricultural crisis in India has meant scarcity. Today it means excess. We have a foodgrain mountain of over 60 million tones, as well as a mountain of unsold sugar. And unsold cotton stocks are so …
Green fundamentalists are killers. Their opposition to genetically modified foods is killing people in famine-hit Africa today, and could threaten Indians in the future too. The USA has rushed food aid to southern Africa in the form of maize, the …
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