The Economic Times

No less than 93% of Chinese businessmen say the main reason for their spectacular success is network connections (guangxi), especially with government officials. Indian businessmen, however, have succeeded despite the government: 81% say the main reason for their success is […]

Great disasters occur constantly. The Asian financial crisis blasted the miracle economies of Asia. The Great Recession of 2007-09 led to the bankruptcy/rescue of the five top investment banks on Wall Street, the biggest bank (Citibank), the biggest insurance company

Two British committees, one Dutch committee and a US Senate committee have investigated Climategate — the disclosure from emails that scientists at the Climate Research Unit (CRU) of East Anglia University sought to withhold data from and sabotage research publications

The government has finally hiked the prices of diesel, kerosene and LPG, though by less than recommended by the Kirit Parikh Committee. It has decontrolled petrol , and hopes to decontrol diesel in due course. But its timidity suggests that

Earlier this year, IMF chief economist Olivier Blanchard suggested that countries should raise their inflation targets from a typical 2% per year to 4%. His suggestion was greeted with hoots of derision. Yet in a world where there are no

The Indian government remains asleep to the revolutionary potential of shale gas, which promises to revolutionise both the world energy scene and global geopolitics. Russia, Iran and Opec are going to be greatly weakened, while the US, Europe and China

Given the economy’s impressive performance in weathering the Great Recession and then accelerating this year, optimists feel that the good-old days of 9% growth are about to return. They think it is only a matter of time before we hit

As India\’s GDP growth accelerated to a record 8.5% between 2003 and 2009, Maoism also accelerated to hit over 200 districts. Maoist attacks made major headlines and seriously affected some localities, but had no macroeconomic impact. That situation may be

Carving small states (Jharkand, Chattisgarh and Uttrakhand) out of larger ones (Bihar, Madhya Pradesh, UttarPradesh) has so far proved an economic success. Not only have the new states grown faster economically, even Bihar and Uttar Pradesh have experienced much faster

There are two versions of the global warming story playing out at the Copenhagen summit. What you usually hear is the pop version, pushed by many NGOs and politicians. Less popular but more cogent is the scientific version, which is