Articles

Is Hinduism putting on new economic clothes? For the first three decades after independence, India\’s GDP grew at an average rate of 3.5 per cent annually, which was dubbed as the Hindu rate of growth. Creeping liberalisation helped accelerate the […]

why should the government sell public sector shares at all? and what should the money from disinvestment be used for? there are good and bad reasons for selling public sector shares. for many decades, socialist governments created a huge public

The poor have less income than others. But do they also pay higher prices? This is not obvious. Indeed, the rich often pay more by shopping in posh markets. However, they typically buy higher-quality goods too. The question remains, do

MANY lessons flow from the deadlocked US presidential election, which is beginning to look like something out of Never-Never Land. One major lesson for the United States of America is that pride goes before a fall. Having lectured other countries

The law of unintended consequences says that any policy will typically have consequences not foreseen by either its proponents or critics. Douglas North, the Nobel Prize-winning historian, says successful policy-makers are those who have made shrewd guesses and benefited from

DRAMA, pathos, bathos, amazing twists and turns. The US presidential election has become a sensational non-election. It is stranger than fiction, more thrilling than a Tom Clancy thriller, more suspenseful than an Alfred Hitchcock movie. Some critics are having a

Why did Al Gore not coast to victory in the US presidential election on the back of a boom economy? The US is currently enjoying the longest boom since World War II, unemployment has fallen and productivity risen to record

Why did Al Gore not coast to victory in the US presidential election on the back of a boom economy? The US is currently enjoying the longest boom since World War II, unemployment has fallen and productivity risen to record

In a recent column, I ascribed our phenomenal infotech success to the opportunities globalisation has opened to Indians with brains and English language skills. Yet that cannot be the full story. People from other ex-British colonies are just as brainy,

Most of us regard Indian politics as particularly corrupt and distorted by money-grabbing politicians. We generally view politics in western countries as being much cleaner. Yet a look at spending in the US Presidential election is sobering. Astronomical sums are