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We should measure Gross National Happiness, not Gross National Product (GDP), said Bhutan in 1972. Ever since, it has been a poster child for happiness. Its pursuit of happiness has influenced many people including Nobel Laureates Joseph Stiglitz and Amartya […]

We should measure Gross National Happiness, not Gross National Product (GDP), said Bhutan in 1972. Ever since, it has been a poster child for happiness. Its pursuit of happiness has influenced many people including Nobel Laureates Joseph Stiglitz and Amartya

We are approaching the 20th anniversary of the fall of communism. This comprehensively refuted the communist claim to represent the people. Yet the claim continues, sometimes dazzling a new generation of youngsters with no inkling of why the Berlin Wall

For most Indian politicians — and socialists — the word ‘school voucher’ is a red rag. They think education must be delivered by government schools, not private schools. So, the Right to Education (RTE) Act has no provision for school

The G-20 wants an early warning system to thwart future crises, and so has decreed periodic survey and review of major economies. The International Monetary Fund (IMF) will have a key role in this surveillance, since it already has highly-qualified

This week, Ford Motors announced that India would be a global manufacturing hub for its new small car, the Figo. This underlines a remarkable new development. India has overtaken China as a car exporter this year, exporting 201,138 cars in

Even as US military commanders seek a troop increase in Afghanistan to check a resurgent Taliban, US voter support is fast eroding. A CNN poll in September showed that 58% of Americans oppose the war while only 39% support it.

An economy is best judged not in fair weather but foul. India has successfully weathered the great financial crisis of September 2008. Indian GDP has grown around 6% in every quarter of the most difficult 12 months in recent history.

Ever since Queen Elizabeth II asked in July why nobody had predicted the Great Recession, sundry economists have given an avalanche of weak explanations. Phooey. Actually, Queen Elizabeth herself exemplifies the problem. Contrary to her complaint, dozens of economists and

Dear Ratan Tata, I cheered when Tata Motors acquired Jaguar and Land Rover (JLR), two global luxury brands. But that acquisition has poisoned your balance sheet, and threatens your whole future. JLR dragged Tata Motors into a net loss of