Why US is no longer heading for a recession but is actually in a recession
Paul Samuelson once said wryly that economists had predicted nine of the last five recessions. In other words, they over-predicted at least half the time. Cynics will say that, in truth, economists would kill for even this level of accuracy.
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India Must Not Artificially Prop Up the Rupee
Even as many developing countries conserve their foreign exchange reserves to guard against a nasty worsening of the economic environment, the Reserve Bank of India—the country’s central bank—has sold more than $40 billion from its reserves in the last nine months
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India needs Agnipath, not pensionpath
The defence of India is not a job creation scheme, as many rioters seem to believe. India urgently needs to modernise its military capability, focusing on high-tech areas such as cyberwarfare, drones, missiles, and even space weapons. Boots on the
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So, how well has India’s relative performance been under the Modi government?
In earlier columns, I have highlighted the sad slump in India’s global rankings on various measures of democracy, freedom and human rights. Economic trends have been muddied by an unexplained slump – part of a global slump – in 2019-20,
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Child marriage: Why we should not point fingers
The BJP has expelled its media chief Naveen Kumar Jindal and suspended a prominent spokesperson, Nupur Sharma, for making insulting remarks about the marriage of the Prophet Mohammed. This followed protests from all major Islamic countries. Many of Sharma’s supporters
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Searching for ‘historical truth’? Don’t be selective
India celebrated its 50th anniversary of independence in 1997 by showing that a billion people could overcome multiple barriers of language, religion, caste, ethnicity, and cultural traditions to form a glorious whole upholding democratic values and human rights. As we
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Why a quick compromise for Russia will be bad for India, encouraging for China
Despite US rhetoric on ‘defeating’ Russia in the Ukraine war, the US military is wary of supplying weapons to Kyiv with the range to attack Russia. This may drag the US into the conflict. With such limited military aid, Ukraine
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India has shown resilience but jury still out on the economy
Narendra Modi’s eight years in power have produced fantastic political success for the BJP, a slide in India’s democratic and civic freedoms, and a struggle to overcome global economic headwinds. After winning an absolute majority in the 2014 general election,
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