trade war between the US and China seems about to erupt. India may find trade and non-trade barriers rising in both the US and China and will need to steer its way carefully through the two-way gunfire. US president Donald […]
Why India should lie low if a US-China trade war erupts Read More »
A good but incomplete report card from the PM on his government At the Economic Times Global Business Summit last week, Prime Minister Narendra Modi gave a detailed report card on India’s economic performance, and declared “India is open for business”.
Narendra Moderately Modi Read More »
After a full week of investigations and accusations on the Rs 11,300-crore Nirav Modi scam, we are no closer to finding all those who were responsible. Clearly, bank officials and their political godfathers are corrupt. Clearly, our banking systems and
Will the NiMo case fizzle out like many others? Read More »
n Parliament last week, Prime Minister Modi lashed out at the Nehru-Gandhi family for impoverishing and fragmenting India through terrible policies. He sneered at the “old India” of the Congress party and promised a “New India”. True, Congress is guilty
NaMo’s new protectionism looks more like Nehru, less like China Read More »
50% profit for all crops through MSP is economic and political folly The Budget guarantees a wide range of crops a profit of 50% over the cost of purchased inputs and imputed labour through minimum support prices (MSP). Many think
Don’t Let It Come a Cropper Read More »
This was arguably the least populist election budget for decades, and that is an achievement. Most budgets are notable for what they do. This one is notable for what it did not. It did not decree a farm loan waiver
Davos forgotten, Modi is turning ‘Make in India’ into ‘Protect in India’ Read More »
With the global economy upbeat, the PM enters poll season on a rising tide When asked to promote a general with many qualifications, Napoleon Bonaparte asked, “Is he lucky?” While merit and hard work matter a lot, luck can make
Modi Is a Very Lucky Man Read More »
At a time when the US, dominator of the 20th century, has switched from globalisation and free trade to ‘America First’, Narendra Modi emphasised the very opposite at the Davos meeting of the World Economic Forum. “Many countries are becoming
Forget Davos rhetoric, ‘protectionist’ India is nowhere near a global leader Read More »
I welcome the abolition of the government subsidy for Haj pilgrims. The Constitution says the Indian state is secular, and forbids discrimination on religious grounds. So, the state should keep its distance from all religious groups, and not subsidise any.
Why only Haj? End subsidies for all pilgrims Read More »
Education happens to be the greatest creator and leveller of wealth Wealth is more than real estate and financial assets. It is education, above all. The good news: the educational gap between the poor and rich is closing rapidly, levelling
We’re on a Learning Curve Read More »
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