Trump and Modi are focusing on manufacturing to boost their economies. Historical trends suggest Trump’s approach is likely to fail. India is hindered by rigid labour laws and excessive holidays. Donald Trump and Narendra Modi both seek to make their […]
Creating jobs in manufacturing in the US and India is a study in contrast Read More »
When I first read that Elon Musk aimed to implant computer chips in human brains, I thought him crazy. Even if the medical risks could be overcome, even if there were advantages, would humans consent to giving up free will
Are brain chips the path to human evolution or a step toward control? Read More »
This year’s Nobel Prize for Economics has gone to Daron Acemoglu, Simon Johnson and James A Robinson (AJR). The Nobel citation praises their insights into the importance of institutions in determining prosperity, on how colonialism was very different in temperate
It’s wise to avoid grand ideologies when trying to make a country rich Read More »
Synopsis India’s ports have undergone a remarkable transformation, with nine container ports making it to the top 100 globally in 2023. Visakhapatnam leads, followed by Mundra and others. The turnaround time for ships has drastically improved, showcasing significant progress in
Synopsis Akal Takht’s recent summoning of former Punjab ministers to apologize for past violations has raised concerns about a potential Khalistani revival. This situation brings back memories of the 1980s’ terrorism era. With separatists gaining ground in recent elections, there
Old stirrings in Punjab: The battle against separatism cannot be fought on foreign soil Read More »
Synopsis India needs to embark on a massive training programme to develop the brainpower needed for an AI revolution. The US will need an additional 1 mn workers in STEM in 2030 than it did in 2020. Hence, corporations are
AI will, in due course, destroy jobs, but it will also create new ones Read More »
Once viewed as a basket case, Bangladesh has created a world-class ready-made garments (RMG) industry that now exports more than India. But its miracle story is ending. For years, Bangladesh’s economy has been held up as a model for India.
The rise and fall of Bangladesh’s economy, and the lessons in it Read More »
Synopsis In this column, let me highlight one danger signal most others have ignored. This is the sharp fall in commodity prices in recent months, something that often, though not always, precedes a recession. It certainly indicates falling demand and
Commodity prices a clue Read More »
Synopsis Radical changes are unavoidable for a bankrupt country, as India was in 1991. But not for a country averaging 6.5-7.0% GDP ‘miracle’ growth for two decades, through serious crises like the Great Recession and Covid. When you are faring
Synopsis Nirmala Sitharaman’s budget, benefiting from 8.2% GDP growth, cuts the fiscal deficit, boosts infrastructure, and adjusts import duties. It raises long-term capital gains tax, abolishes angel tax, and includes corporate tax cuts, employment incentives, state funding, income tax standard
Same same, but different: Budget 2024 is a ‘government bachao’ and prudent balancing act Read More »
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