I have written twice already on the rise of unicorns, unlisted companies valued at over a billion dollars each. The vast majority of unicorns have never made a profit, yet billions have been poured into them by the world’s biggest, […]
Investor warning: Unicorns can go bust too Read More »
When Manmohan Singh launched economic liberalization in 1991, India was the world’s biggest beggar for aid. Today India is a net aid donor, having committed $30.6 billion to Asian neighbors and Africa. In 1991, India’s capita income was just $360
1991 reforms gave us miracle growth, but now it’s fading Read More »
Readers may be bored with lengthy, learned analyses of 30 years of Indian economic reform, starting with Manmohan Singh’s budget speech of July 24, 1991. For variety, let me instead write on what India will look like 30 years from
Unicorns — unlisted start-ups valued privately at a billion dollars or more — are exploding in number and coming to market. Zomato, India’s biggest food delivery service, has just issued shares to the public and was massively oversubscribed. The issue
Why Zomato IPO is reason for cheer Read More »
Will China inexorably become the hegemon of the 21st century? Chinese President Xi Jinping at the 100th anniversary of China’s Communist Party declared that “socialism with Chinese characteristics” would beat the rest of the world. Is he right? Or, like
As incomes rise, Xi will have to change his China model Read More »
The Chinese Communist Party is celebrating its 100th anniversary, confident of making China the superpower of the 21st century. In purchasing power terms, it has overtaken the US as the world’s biggest economy, and will soon do so in dollar
Lee Kwan Yew is the tallest Chinese leader Read More »
The BJP administrator of the Lakshadweep Islands has created a furore through proposals such as prohibiting anybody with over two children from contesting local elections. Similar prohibitions exist in Assam, Odisha, Maharashtra, Rajasthan, Telangana and Andhra Pradesh. This is silly.
Two-child cap and other disincentives should go. We need more babies, not less Read More »
As a fundamental secularist, I have long favoured a Uniform Civil Code. There is nothing secular about today’s mess where different religious groups are allowed to have separate personal laws for issues like marriage, divorce, inheritance, and gender treatment. Secularism
Uniform Civil Code: Make it a secular exercise Read More »
The Group of 7 rich nations has agreed on a new global framework for ending low-tax havens by having a minimum corporate tax of 15%, and by sharing the excess profits of the 100 largest companies with the countries where
Why G7’s global minimum corporate tax won’t work Read More »
Why put all savings into traditional forms of wealth such as land or shares? Why not into non-traditional forms such as Bitcoin and NFTs (non-fungible tokens)? These have made millionaires of initial investors. I advise ordinary folk to steer clear
Bitcoin & NFTs: Opportunities or Ponzi schemes? Read More »
Sign up to get all the latest posts and news sent to your inbox.
