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A second look at the 1980s

Harvard don Dani Rodrik and IMF economist Arvind Subramanian are writing a revisionist paper on the Indian growth experience over the last two decades. The standard story is that India blundered along the socialist, inward-looking path till 1991. Then came

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Disinvestment as soap opera

Paranoia, followed by delusions of grandeur. That describes the soap opera that the governments disinvestment programme became last week. Originally, the government hoped to raise Rs 12,000 crore through disinvestment. To maximise prices and improve efficiency, Disinvestment Minister Arun Shourie

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The gains from job losses

In 1991, many Indians were terrified that globalisation would cost us millions of jobs. Today, American politicians are terrified that millions of their jobs will be outsourced to India . What a compliment to our global success! And what a

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Trade diversion down under

Few Indian observers have commented on the Australia-US Free Trade Agreement. Free Trade Agreements (FTAs) are becoming a dime a dozen, and most yield only marginal changes. So why should we pay particular attention to the newly-signed AUSFTA? Because it

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