Collapsing economic growth, high inflation and corruption explain why the Congress is heading for its worst defeat ever. GDP growth averaged 9% for much of UPA rule, but has halved to 4.5% in its final two years, crushing incomes and […]
UPA’s 10-year averages are just statistical spin Read More »
Prospects of a Modi election victory have induced a dollar flood into Indian bonds and equities. The rupee has strengthened to below Rs 60 per dollar. If the strong rupee was caused by an export boom, everyone would be delighted.
Short-term capital inflows boosting the rupee will render exports uncompetitive Read More »
Last week, I wrote on how not to catch corporate and political crooks. Readers naturally asked, what is the right way? Some analysts say India has only 1.3 policemen per 1,000 citizens against 2.5 in the US, 5.3 in Turkey
To catch a crook: Three lessons from the Rajaratnam case Read More »
Politicians make policy, bureaucrats implement them. Trust and harmony between the two can produce amazing results. If trust and harmony decline, so do decision-making and economic performance. Bureaucrats can function brilliantly if they get clear signals from their political bosses,
Why babuji goes too slow Read More »
ET Now caught up with Swaminathan S Anklesaria Aiyar, Consulting Editor, ET Now, for his take on the Third Front and whether it will be able to shake up the Indian politics or not. Excerpts: ET Now: Will the Third
Prospects of Third Front are not looking too good Read More »
Aam Admi Party chief Arvind Kejriwal has filed an FIR (first information report) accusing petroleum minister Veerappa Moily of conspiring with Mukesh Ambani to raise the price of natural gas, bestowing billions of windfall profit on Reliance Industries Ltd. Now,
FIR against Moily? As absurd as one against Kejriwal Read More »
Many analysts and businessmen fear that the Aam Aadmi Party (AAP), dominated by socialists and Marxists like Yogendra Yadav and Prashant Bhushan, is an extreme Left party. These fears are overblown. The AAP has appointed a seven-member committee to formulate
AAP can take a leaf out of Amartya Sen’s book Read More »
Once again, emerging market currencies are falling but not nearly as dramatically as in May-August 2013. The episode was sparked by the US Fed indicating it would soon taper and eventually end quantitative easing (QE3). Tapering is now partly priced
Rupee slide to 65/dollar and shrinking CAD will boost India\’s exports and growth Read More »
Once again, emerging market currencies are falling but not nearly as dramatically as in May-August 2013. The episode was sparked by the US Fed indicating it would soon taper and eventually end quantitative easing (QE3). Tapering is now partly priced
Rupee slide to 65/dollar and shrinking CAD will boost India\’s exports and growth Read More »
Food inflation is a huge problem. It has, in different years, been concentrated in different items: sometimes cereals, sometimes proteins (dairy products, pulses, eggs, meat), sometimes vegetables. Skyrocketing global prices of wheat and maize after the mid-2000s have stoked Indian
Falling wheat prices and controls on MSP can rein in food inflation Read More »
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