While the share of goods in trade is declining, services exports are booming The world is awash with reports that the world is de-globalising. President Trump was the initial de-globaliser, withdrawing from the Trans-Pacific Partnership, imposing protectionist tariffs, and curbing trade […]
Globalisation isn’t dead, it’s just taken a new shape Read More »
India, too, is copying the Chinese economic model. The government says free trade has reached its limits, and so has been raising tariffs for five years. It has offered subsidies as high as 50% for some sectors like chip fabrication.
Despite claims, countries, India included, are copying China’s ‘industrial policy’ Read More »
Simultaneous state elections are desirable but they should not be clubbed with a general election. Instead, simultaneous state elections should be held two and a half years after a general election. The government has appointed a committee to go into
One nation, two elections is the way to go here Read More »
The notion of India as a Vishwaguru sounds like a bad joke in the West. In the run‐up to the Group of 20 summit this weekend in New Delhi, billboards and bus stops in every Indian city are plastered with images of
India’s Modi Is Not the World’s Guru Read More »
Contrary to predictions of collapse, the Russian economy grew despite sanctions I have in the past taken the Indian media and analysts to task for jingoism and dubious claims of military greatness. Surely one should do the same with the
Why Russia is not losing the war, nor is its economy crashing Read More »
It makes sense to ban Chinese companies from investing in India’s strategic sectors. But keeping them away from sectors such as climate tech and electric mobility will prove costly. India and the US face a similar dilemma on China. Both
Like US, India should also take ‘high fence, small yard’ route on entry of Chinese firms Read More »
India must foil the grouping’s expansion that would make expansionist China dominant The three-day BRICS summit in Johannesburg, South Africa, that started on August 22 will discuss many things. It will, however, focus on membership expansion from five members —Brazil, Russia, India,
Why a Bigger BRICS works for China, not India Read More »
China strongly favours expansion of BRICS, seeing a chance to convert the grouping into an anti-Western front by inducting countries dependent on Chinese aid and investment. India should argue against rapid membership expansion where it will have little influence. The
Not another BRICS in the wall Read More »
Contrary to popular perception, British rule hardly affected Indian masses, it was the aristocracy that was affected Last week, I showed from the work of historian Angus Maddison that the Hindu-ruled period (1-1,000 AD) wasn’t as golden as is usually painted, with
Raj review: Did British rule really impoverish India? Read More »
Economic growth finally took off in India after it became independent. After almost 2,000 years of negligible growth, per capita income soared to $2,140 by 2003 As Independence Day approaches, we start reflecting on India’s long history that culminated in
Why India’s golden era is now and not in its ancient past Read More »
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