Last week, I wrote of the huge potential for creating fresh land by reclaiming it from the sea, instead of dispossessing farmers to build future industries and airports. India has a very long coastline, with large mud flats (especially in […]
Reclaim land for industry from rivers, reservoirs Read More »
The land acquisition issue has been brushed under the carpet for the time being. Yet officials in the department of industrial promotion and policy say that the land banks available with many state governments are getting exhausted. A JP Morgan
Create land offshore instead of acquiring it Read More »
World Bank’s chief economist Kaushik Basu wants the US Fed to postpone raising US interest rates, fearing “panic and turmoil” in emerging markets like India. Alas, this mistakes dither and indecision for good policy. For years, the Fed has kept
Don’t be afraid of US raising interest rates Read More »
A financial typhoon from China has sunk stock and commodity markets across the globe. This is neither temporary nor just economic. It represents an existentialist political crisis for the Communist Party of China. Till now, the party has combined authoritarian
China’s market crash presages coming political crisis Read More »
Is the market crash just the beginning of a global recession? Maybe. Is the market crash just a temporary blip, providing a great buying opportunity, as during the ‘taper tantrum’ of August 2013? Maybe. Both pessimists and optimists can make
Are achhe din over for markets? Only time will tell Read More »
The government believes it has found a roundabout solution to the land acquisition imbroglio. One investment bank estimates that acquisition problems affect over 40% of major stalled projects, though they are not always the binding constraint. The 2013 Act on
Land issue: How Modi can go on the offensive Read More »
Ruchir Sharma of Morgan Stanley has warned of a global recession, driven by collapsing growth in China. World growth is dropping well below IMF predictions, with emerging markets performing especially badly. Currency after currency is falling against the dollar. The
Competitive devaluations will be a race to the bottom, triggering real recession Read More »
Dear Narendra Modi, The coming Bihar state election has made you lose your once-clear sense of direction and conviction. You seem terrified of doing anything that may antagonize vote banks, or draw charges of corruption or pro-business sympathies. You seem
Mr Modi, don’t let Bihar distract you from ruling India Read More »
The Modi government has abandoned its move to drastically dilute the clauses of the 2013 land acquisition law that has stalled projects across India. Economic analyses suggest that 43% of all stalled projects face land acquisition problems. This may not
Naidu proves land pooling is better than land acquisition Read More »
Forgot the mythology that Narendra Modi is an authoritarian set to impose dictatorship on India by other means. The land acquisition fiasco reveals him as frightened and indecisive, happier retreating than fighting to the finish. This is not an isolated
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