The global recession is going to be worse than expected. The developed countries as a whole will suffer a fall in GDP in 2009, the first fall since World War II. India cannot escape the global downswing. But the mid-term […]
Will services shield India from recession? Read More »
Satyam Computers is the Enron of India. Like Enron, Satyam was one of the biggest and most feted companies. Like Enron, Saytam perpetrated a balance-sheet scam with the support of supposedly world-class auditors. Like Enron, Saytam stands exposed as a
Narayana Murthy should rescue Satyam Read More »
Has the terrorist attack on Mumbai wrecked the economy and led to a flight of foreign institutional investors (FIIs), as was feared after 26/11? Not at all. Foreign portfolio investors have adopted Nathan Rothschild\’s maxim that the best time to
26/11: Buying opportunity, not economic disaster Read More »
How hard will India’s economic growth be hit by the global financial crisis and recession? Widely varying forecasts for the next financial year, 2009-10 have been made by three leading economists—Arvind Virmani, Chief Economic Advisor of the government; Raghuram Rajan,
Forecasts: the good, bad and ugly Read More »
Will the government\’s economic rescue package revive the economy, which is caught in the throes of a global recession? Alas, no. The rescue effort is the equivalent of giving aspirin to a patient suffering from malaria. This may reduce the
Economic aspirin: a palliative, not a cure Read More »
After the terrorist attack of 26/11, the mood and rhetoric in India are reminiscent of the US after 9/11. As in the US then, outraged Indians swear “never again.” The phrase “War on Terror,” invented in the US after 9/11,
26/11 and 9/11: dangers of Bushspeak Read More »
After the Mumbai terrorist attack, every Tom, Dick and Harry has become a counter-terrorism expert. Drawing room experts and newspaper columnists hold forth on how incompetent the authorities are, and how the attack could have been foiled if only this
Militants get stronger, states weaker Read More »
A story doing the rounds in New Delhi is that the Congress Party has commissioned a secret opinion poll for the coming state elections, which predicts that the BJP will be voted back to power in Madhya Pradesh and Rajasthan,
Electoral mood is anti-incumbent Read More »
Across the globe, politicians from Manmohan Singh to Barack Obama plan to boost government spending to revive flagging economies. Especially popular are big infrastructure projects, widely seen as an excellent way to give a Keynesian boost to economies. Yet this
Building Infrastructure is not Keynesian Read More »
The world is still marveling at the political revolution represented by Barack Obama becoming the first black US President. But while that celebration continues, some readers must be wondering about the next possibility—when will a person of Indian descent become
An Indian American president? Read More »
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