It is a defeat for economic sense and a victory for undeserving vote banks. Far from acting as the autocrat that critics accuse him of being, Prime Minister Narendra Modi has chickened out of his proposed farm reform laws in […]
Farm retreat casts doubt on other economic reforms Read More »
As a young journalist I learned not to take Five Year Plans seriously. Fancy plan targets were routinely missed but shrugged off since they carried no penalties. Are climate targets being discussed at the COP26 climate summit any different? If
Right climate for Indian investment in green tech Read More »
Globalisation and the spread of giant digital companies have fuelled fears of excessive concentration of wealth and power in a few giants like Google and Facebook. In past columns, I have highlighted how the same process now produces fast growing
Why India needs more startup crorepatis Read More »
A global media investigation has revealed that Pegasus, a telephone hacking software invented in Israel and supposedly sold only to governments, has been used across the world to tap the phones of politicians, journalists, NGOs and others. In India, the
Why Pegasus is just the tip of the iceberg Read More »
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 »
Sign up to get all the latest posts and news sent to your inbox.
