Swaminathan S. Anklesaria Aiyar

Indians are outraged by President Bush\’s claim that rising food consumption in India and China have sent world food prices skyrocketing. When incomes rise, people eat more meat, so more grain is fed to animals. Seven tonnes of grain produce […]

Last week, I showed that spending $50 billion on dams and canals in the 11th Plan would be a waste. Surface irrigation provides water in quantities and at times fixed by the irrigation authorities. This is useless for farmers growing

Ostensibly to help farmers, the 11th five-year Plan allocates nearly $50 billion to surface irrigation (dam reservoirs, tanks and canals). This will be a huge waste of money on obsolete, ineffective irrigation concepts dating from the 19th century, says irrigation

Which of the three candidates for the US Presidency — Hilary Clinton, Barak Obama, and John McCain — will be best for India? Most Indians would opt for Obama or Clinton. But from a policy viewpoint, McCain would be best

Terrified that surging food prices will cause it to lose the coming state elections, the government has come out with an anti-inflation package banning most agricultural exports and slashing import duties on edible oil. Yet the biggest anti-inflation measure is

How serious is corruption in India, and how great an obstacle to fast growth? Most people would say corruption is very high and a serious obstacle to the 10% growth now sought by politicians. A joint study by CMS and

When inflation accelerates, as is the case today, governments across the globe tend to panic and rush out with anti-inflationary packages. The trouble is that governmental panic itself has become a new cause of further inflation. That is why inflation

A housing boom-and-bust has engulfed the US financial sector in crisis. India, too, has experienced a runaway real estate boom, which in a few areas is going bust. The share prices of real estate companies have crashed. Yet, India has