Computer software is India’s fastest-growing and most competitive industry. The global recession of 2001 sent most technology companies the world over into a tailspin. Yet the Indian software industry kept growing by 25 % annually. This was slower than the […]
Should software stocks be so soft? Read More »
One of the many conspiracy theories about the Iraq war is that the US could not tolerate Saddam Hussein’s decision to designate his oil sales in euros, not dollars. To prevent other OPEC countries from also selling oil in euros,
Why OPEC prefers dollars to euros Read More »
Back in 1990, when Doordarshan had a TV monopoly, I wrote an article titled ‘Let a thousand TV channels bloom\’. That was considered pure fantasy at the time. Leftist colleagues like Praful Bidwai protested that private channels would be vehicles
How television actually works Read More »
Journalists tend to remind readers about their most brilliant, penetrating forecasts which came true. They rarely write about times when their predictions were dismally wrong. Well, here is an entire column about how badly wrong journalists went in Iraq. Let
Getting lost in the fog of war Read More »
When the Iraq war began, some drew parallels with the Vietnam war, some with the Afghanistan war of 2001, some with the Gulf War of 1991. In fact the best parallel is with the 1971 Indo-Pak war. That in turn
Lessons from 1971 for 2003 Read More »
Many people interpret the Iraq war as part of a US plot to dominate the world through multinational corporations, some of whom are getting huge contracts to rebuild Iraqi infrastructure. The military industrial complex, it is said, has benefited enormously
Where are the imperialist profits? Read More »
For years, the World Bank, IMF and Indian observers (including me) have warned that India’s fiscal deficit is too high and will soon lead to disaster. So too did Martin Wolf and Ed Luce in a recent article in The
Why India survives high fiscal deficits Read More »
I am shocked and awed. The Iraq war seems as good as over in just three weeks, half the length of the 1991 Gulf War. The US says it wants to set up a democracy in Iraq. That cannot be
Iraq Needs Free Press, Free Markets Read More »
WASHINGTON: India has been joined by China and Brazil in prepaying loans totalling $7bn from the World Bank, putting it in the embarrassing position of having a huge net inflow of funds from developing countries. To counter this, the World
World Bank finds no one to aid, turns to core Read More »
After booming on hopes of a quick Iraq war, the stock markets have now slumped in the expectation of a long and messy war. The US wants to send and deploy an additional 100,000 soldiers in Iraq, and the logistics
What Iraq means for investors Read More »
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