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‘Make in India’ and ‘Manufacture in India’ are two different things

The Modi government has laid much stress on its “Make in India“ campaign. After all, he won the election by promising jobs galore through rapid indus trial growth. However, industrial jobs are not growing fast anywhere in the world. Modern technology is increasingly mechanizing industries, and manufacturing requires ever fewer workers per unit of output. More >

Little sign of Modi cronyism in stock market trends

Last week’s column cited news reports of The Times of India and Economic Times in which businessmen and bureaucrats agreed almost unanimously that big corruption had fallen dramatically under Narendra Modi. But Rahul Gandhi says that Modi heads a suited-booted government favouring only the rich and a few close cronies. Let’s examine that claim this More >

Modi’s greatest feat: Booting out big corruption

Narendra Modi’s biggest achievement in his first year in office is, arguably, a huge reduction in big corruption (involving top politicians and industrialists). Hard data on corruption doesn’t exist, so assessments can be subjective and incomplete. But for the most fascinating, credible insights into the government-business interface, please read a May 5 report in The More >

Both PM Modi and Rahul Gandhi can learn a few things from the British election results

Many lessons flow from David Cameron’s victory in the British elections for Narendra Modi and Rahul Gandhi. First and foremost: it’s the economy, stupid! Economic performance in your last two years matters hugely, even though it’s not the only factor. The last Labour government ended with an economic downslide and so lost the 2010 election. More >

Directionless? Learn from Narasimha Rao

Former BJP minister Arun Shourie has lambasted Narendra Modi as directionless in policy. He says Modi’s haphazard, inconsistent and half-hearted reforms send conflicting signals. A prime minister must not move project by project or slogan by slogan: he must have a clear overarching vision, and move swiftly and unswervingly to fulfill it. Instead, Modi plays More >

Depression is the main cause of farm suicides

The vast majority of suicides are of non farmers. Why are their deaths treated as lesser tragedies than those of farmers? Because presenting farm suicides as a single mass tragedy can win awards for journalists, TRPs for TV anchors, donations for NGOs opposing commercial crops and globalization, slogans for leftists attributing everything to class war, More >

New land bill will win, not lose votes for Modi

Rahul Gandhi wants to escalate the suicide of a farmer at a Delhi AAP rally into a national election issue, painting Modi as pro-industrialist and anti-farmer. Mamata Banerjee leveraged resentment against land acquisition in Singur and Nandigram to unseat the Marxist government in West Bengal. Can Rahul do something similar? Some BJP stalwarts want to dilute the new land acquisition bill to win More >

More achhe intentions than achhe din

Finance minister Arun Jaitley has used the spring meeting of the IMF-World Bank to tom-tom the economic performance of the BJP government. At the Peterson Institute, he said: “In late 2013, India was teetering on the edge of a macro-economic crisis. Inflation was at double digits, the current account deficit at 4% of GDP, growth More >

Delhi’s air is being polluted by three perverse subsidies

Delhi’s air pollution is terrible. The National Green Tribunal (NGT) has banned diesel vehicles more than 10 years old, having already banned petrol vehicles over 15 years old. But IIT Professor Dinesh Mohan has revealed that old vehicles constitute a tiny, almost irrelevant fraction of Delhi traffic. Delhi has fewer cars per thousand persons than More >

Harness Hindu religious fervour to cleanse Ganga

Prime Minister Narendra Modi recently reiterated his call for an “uncompromising mission-mode approach” to cleanse the polluted Ganga. This is the wrong way forward. We do not need the battering-ram approach of yet another government mission, but new institutions with long-term stamina. The right way forward must include the empowerment of religious groups to help cleanse More >

Lessons for India from Singapore

When Lee Kwan Yew became Singapore’s first prime minister in 1959, its per capita income was $400. Today, it is $55,000. No other country has gone so fast from rags to riches. Yet in the Nehru-Indira era, Indian socialists viewed Lee with contempt as a neo-colonial puppet destined for humiliation and poverty. As things turned More >

Humans are genetically modified organisms

Green activists have long gained fame and fortune by campaigning against genetically modified foods, which they denounce as “monster foods” that can ruin traditional agriculture and decimate the human race. They claim scientists that splice genes from one organism into another are committing crimes against nature and creating Frankenstein monsters. This is a mix of More >

Start an Olympic-style competition for state governments

Many people wonder what Niti Aayog, the successor to the Planning Commission, will do. It will serve as a think tank, making policy proposals. But history shows that policy proposals not backed by cash are typically ignored. Nobody would listen to the World Bank or IMF but for the fact that their advice goes with More >

Kejri and NaMo are two sides of the same coin

Astrologers remain in high demand no matter how often they are proved wrong. That’s true of the media too. Those who failed to analyse or predict voter behaviour before the Delhi election were holding forth the next day on the implications for future elections. In the general election nine months ago, the BJP won as More >

The nuclear ‘breakthrough’ is mostly hype

Indian officials say the Obama visit broke a seven-year logjam in nuclear cooperation, opening the way for US firms to set up nuclear power plants in India. However, in Washington there is no jubilation, much caution, and some plain scepticism. Hope springs eternal, but the logjam has not yet been broken. The Modi-Obama meeting whipped More >