The Gujarat state election has probably been handed over to Narendra Modi\’s BJP on a platter. The row kicked up by other parties and the media — with Sonia Gandhi calling the BJP \”merchants of death\” — is working entirely […]
Why Modi will win in Gujarat Read More »
Dear Dr Manmohan Singh, Your reputation as a good man is being overtaken by your reputation for lack of spine. You received much applause in the media when you appeared to stand firm in the face of Marxist threats to
Postpone 123 deal by 12 months Read More »
For more than two decades, from 1980 to 2003, India’s GDP growth averaged around 6% per year. Reforms in 1990 produced no dramatic acceleration. Then, with no new policy impetus at all, GDP growth suddenly shot up after 2003 to
Mystery of India\’s economic growth unravelled Read More »
For more than two decades, from 1980 to 2003, India’s GDP growth averaged around 6% per year. Reforms in 1990 produced no dramatic acceleration. Then, with no new policy impetus at all, GDP growth suddenly shot up after 2003 to
Mystery of India\’s economic growth unravelled Read More »
The skills of Reliance Industries in \”managing\” the investment climate are legendary. Why, then, has it grossly mismanaged the political economy of its retail foray? Traditional agricultural markets have several layers of intermediaries, who prosper at the expense of the
Ambani needs to learn from Deveshwar Read More »
Cricket should be for the masses, not the classes. After India\’s victory in the first Twenty20 World Cup, this version of cricket looks certain to oust Tests and one-day matches in popularity. A T20 match compresses thrills and spills into
Cricket for the masses, not classes Read More »
I am somewhat surprised that the sensex as well as other stock markets the world over have taken off after the US Federal Reserve cut its short-term interest rate by 0.5%, to 5.5%. Other central banks are also expected to
Will rate cuts avert a recession? Read More »
Religion and history do not mix well. I shrug my shoulders at those opposing the Sethusamunda-ram canal because it will damage the remains of the bridge that Ram’s army used in the Ramayana. Now, i too oppose the canal, but
150-year dream for 150-year old ships Read More »
Indian films are going though a revolution. Ram Gopal Varma ki Aag , billed as blockbuster of the year, flopped. So did earlier big-budget films such as Jhoom Barabar Jhoom and Salaam-e-Ishq . But high-quality small-budget movies have done well.
How the reforms changed Bollywood Read More »
Journalists do not have a good reputation for predicting recessions. Indeed, they are reputed to have predicted 10 of the last three recessions. A month ago, I wrote that the US had a 33% chance of going into recession next
Recession is a probability now Read More »
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