The Economic Times

What Dronacharya Wants

India needs to expand its drone strategy, and have a major production programme Last month, Saudi Arabia was hit by an attack on its oilprocessing facilities by drones and cruise missiles, probably made by Iran. The damage was quickly repaired, […]

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The Beginning of a Start?

Cutting corporate tax to accelerate growth could be the first step to structural change Bravo, Nirmala Sitharaman. After becoming finance minister and presenting a second-rate Budget, you have seemed a timid tinkerer, making dozens of marginal changes to try and

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Make America Grate Again

President Donald Trump’s trade wars may turn out to be political suicide Auto sales are falling, workers are being laid off in droves, and manufacturing is in reverse gear. I am not writing about India but about the US. General

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How Not to Create Jobs

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

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Where’s the Competition?

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

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Indira Gandhi’s Achhe Din

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

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Tech What One Deserves

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

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Why the Sky is Not Falling

There are technical weaknesses in Subramanian’s claim of 4.5% growth Last week, former Chief Economic Adviser Arvind Subramanian claimed in an Indian Express column (bit.do/ eVn2A), based on his new research paper, that GDP growth in 2011-16 was only 4.5%,

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Notwithstanding No Naukri

Why did rising unemployment not hurt Prime Minister Narendra Modi? The latest National Sample Survey Office (NSSO) report shows that unemployment has risen to a record 6.1% in 2017-18, almost triple the 2.2% in 2011-12. NSSO claims this is partly

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Oh, Let Baigan Be Baigan!

Farmers — not activists — prove the case for genetically modified brinjal Haryana has cracked down on genetically modified (GM) brinjal (eggplant). This variety passed field trials back in 2009, but was stalled by alarmist activists, who bludgeoned a timid

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