Have Indian interest rates finally become globally competitive? I have long held that real interest rates in India are too high for a sustainable investment boom. This is the predictable consequence of crowding out by huge fiscal deficits. The Bombay […]
Interest rates: competitive at last ? Read More »
I have often wondered as a feminist — yes, men can be feminists too — what sparked female empowerment in the 19th and 20th centuries. Why, after millennia of being household drudges, do women now occupy the top ranks of
Electricity: The spark behind women\’s lib Read More »
I have often wondered as a feminist — yes, men can be feminists too — what sparked female empowerment in the 19th and 20th centuries. Why, after millennia of being household drudges, do women now occupy the top ranks of
Electricity: The spark behind women\’s lib Read More »
In our era, all idols seem to have clay feet. So too with Amartya Sen, celebrated Nobel Prize winner. Having admired his passionate writings to empower people, I am dismayed by his craven backpedalling in a report for the Pratichi
A lion’s looks, a rabbit’s liver Read More »
For the first time, India is well-placed to catch the current global boom in wheat prices. At a time when India’s granaries are full to bursting, bad weather has ravaged wheat crops across the world and sent prices soaring. In
Bonanza for wheat exports Read More »
I have long said that India is not globally competitive in manufacturing. Now, at last, I see limited signs of improvement. I will focus in this column on the auto industry. Ford has decided to outsource car engines for its
There is new hope for manufacturing Read More »
Daniel Kahneman has won this year’s Nobel Prize for economics for showing that human beings are irrational. Readers will ask, isn’t that too obvious to merit an award? Answer: an economist is one who observes that something works in practices
Nobel Prize Insights Read More »
Fears of a double-dip global recession have depressed bourses the world over, inducing a flight to treasury bonds. Economists (and indeed The Economist) are singing gloomy jeremiads. Double-dip recessions are rare. Why then are markets expecting it? Mainly because the
Case against a double-dip recession Read More »
For all those who believe that global inequality and poverty have been worsening, here is some dramatic news. In the two decades from 1980 to 2000, the proportion of poor people in the world has fallen from 44 per cent
Imagine there\’s no country Read More »
For all those who believe that global inequality and poverty have been worsening, here is some dramatic news. In the two decades from 1980 to 2000, the proportion of poor people in the world has fallen from 44 per cent
Imagine there\’s no country Read More »
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