India’s GDP growth slowed to 5% in the April-June quarter, the slowest since the scam-hit days of UPA-2. From 8.2% a year ago, growth has fallen sharply quarter after quarter. This is the combined effect of a cyclical global downswing […]
Bank mergers and minor policy changes won’t revive economy Read More »
Nitin Gadkari’s proposal to make kulhads at tea stalls mandatory is harmful Nitin Gadkari is one of the best minds in the current Cabinet. Yet, he now seeks to revive an old failed policy. Once, tea in shops was served
How Not to Create Jobs Read More »
Donald Trump has punctured the notion that the US will support India’s rise as the only Asian nation that can credibly check China’s hegemony in the 21st century. Instead, he declared last week that both China and India are unfair
India must join US in seeking reforms to WTO Read More »
In his Independence Day speech, Prime Minister Modi said, “Wealth creation is a national service.” He declared, rightly, that wealth creators should be honoured, not pilloried. How does he reconcile this with his absurd new law making it a criminal
CSR spends are no guarantee of corporate ethics Read More »
Tackle the factors that make India uncompetitive, long-term growth’s greatest threat The Indian economy keeps sliding downward. GDP decelerated steadily from 8.2% in the first quarter of 2018-19 to 5.8% in the last quarter. Is this a short-term blip, or
Where’s the Competition? Read More »
I have long advocated a plebiscite in Kashmir, allowing the Kashmiris to split way if they so choose, as the only moral, liberal solution. Alas, all political parties reject that… Continuing with Article 370 of the Constitution — as many
Next step: A West Bank in Kashmir? Read More »
Bank nationalisation was an economic failure, but a smashing political success Swaminathan S Anklesaria Aiyar The 50th anniversary of the nationalisation of big banks by Prime Minister Indira Gandhi has attracted limited comment. Some critics call it a terrible economic
Indira Gandhi’s Achhe Din Read More »
Rahul Gandhi’s resignation as Congress president has been followed by an exodus of Congress MLAs in Karnataka and Goa. The party has long been a bunch of opportunists held together only by dependence on the Gandhis to attain power. Without
Without Gandhi glue, Cong will come unstuck Read More »
France shows the way in taxing digital giants and presenting a united front to the US France has enacted legislation to tax digital giants like Amazon and Facebook on their revenue, not profits. India — which levies a 6% tax
Tech What One Deserves Read More »
The Economic Survey said rightly that no country had ever grown fast without buoyant exports, and called for policies to generate a virtuous cycle of rising exports, GDP, savings and investment. The budget fails comprehensively to do this. Far from
Budget has failed to create an India that can compete Read More »
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