The Economic Times

“I grabbed America by the p***y, and she said yes.” I just invented that Trumpism, yet it sums up the crudity, misogyny and contempt for civic values and political correctness that has propelled Donald Trump into the White House. In […]

Sunil Khilnani’s book, The Idea of India, pictured India as transcending territory and reaching into the realms of ideals. Equally, ‘The Idea of Tata’ has long transcended mere corporate aims and aimed far higher. That idea has been eroding for

Global bonds are worth over $100 trillion, while global stocks are worth only $64 trillion. Daily bond trading is $700 billion against $200 billion for shares. Stock markets hog the limelight. But bond markets matter more. Danger: they have become

Switzerland recently held a referendum on a Universal Basic Income (UBI) for all citizens. Voters rejected the proposal 77 per cent to 23 per cent because of its prohibitive cost and implicit reward for idleness. But the idea has caught

Analysts have warned for years that India risks being isolated from global trade negotiations because its stalling tactics in the World Trade Organization (WTO) have caused Western powers to lose interest in that organisation. Instead, they have shifted to bilateral

The high price of dal is big news. Rahul Gandhi says arhar dal costs as much as Rs 180 a kg, more than even the cost of chicken, and sneers derisively that the BJP chant of ‘Har har Modi!’ should

How well has Narendra Modi fared in two years? On the economic side, he has not been the radical reformer liberalisers hoped for. On the socio-political side, he has not been the communal ogre that many liberals feared. He has

Brexit heralds not just Britain’s exit from the European Union but the decline and maybe fall of the 20th century ideal of a liberal, globalised world. It heralds a 21st century ethos based on ultra-nationalism and racist xenophobia, blaming foreigners

Even before Brexit, India has suffered Rexit. Raghuram Rajan has announced he will exit as RBI governor when his term ends in September. Every RBI governor since 1992 got an extension. So, Rajan’s case stands out. Global investors widely view

Foreign investors I met in Singapore in May were anxious to know whether Reserve Bank of India (RBI) governor Raghuram Rajan would get a second term. Almost all of them said that billions of dollars would flow out of India