Back in 2008, chief economic adviser Arvind Subramanian co-authored a paper showing that India had overtaken China in outward FDI as a proportion of GDP. Typically, FDI flows from rich to poor countries, and many Indian economists warned in 1991 […]
Why foreign acquisitions need opportunism, not gigantism Read More »
Many lessons flow from David Cameron’s victory in the British elections for Narendra Modi and Rahul Gandhi. First and foremost: it’s the economy, stupid! Economic performance in your last two years matters hugely, even though it’s not the only factor.
Both PM Modi and Rahul Gandhi can learn a few things from the British election results Read More »
Most analysts have wailed and moaned about India’s weak economic performance in the last three years. But suddenly, data revisions by the Central Statistical Organisation suggest that the economy has done pretty well, growing as fast as 6.9% in 2013-14
The new GDP data shouldn’t cause euphoria Read More »
Chief economic adviser Arvind Subramanian wants increased public investment in the country’s infrastructure to energise the sluggish economy. The problem: this would be risky right now, with threats looming of dollars flooding out of all emerging markets. The public-private partnership
A public spending spree without raising productivity is too risky Read More »
GDP data show manufacturing growing by only 0.1 per cent, and fixed capital formation stagnant. Rs 6 lakh crore worth of cleared projects are simply not translating into orders for machinery and construction. Lags alone cannot explain this. Let’s face
Why the public-private partnership model for infrastructure is broken Read More »
Narendra Modi has generated much hope and enthusiasm. He has been praised for the Jan Dhan Yojana, the Swachh Bharat Abhiyan, higher FDI limits for defence and insurance, punctuality requirements for bureaucrats and selfcertification of documents by citizens. Some of
Chidambaram’s ghosts Read More »
The stock markets have soared this year, with blue chips up 30% and some midcaps up 100% or more. Many analysts believe that, even without radical reform, Prime Minister Narendra Modi\’s administrative dynamism will help raise GDP growth from last
Falling commodity prices are good, unless they signal global recession Read More »
Narendra Modi\’s Madison Square Garden address to overseas Indians was more a rockstar concert than a prime minister\’s lecture. He had delirious fans cheering, clapping, and chanting \”Modi, Modi, Modi!\” He plucked their heartstrings, praising them lavishly for raising India\’s
PM Modi\’s US Visit: Rock show in New York over, it\’s time to roll action in India Read More »
Narendra Modi\’s Madison Square Garden address to overseas Indians was more a rockstar concert than a prime minister\’s lecture. He had delirious fans cheering, clapping, and chanting \”Modi, Modi, Modi!\” He plucked their heartstrings, praising them lavishly for raising India\’s
PM Modi\’s US Visit: Rock show in New York over, it\’s time to roll action in India Read More »
Denationalize coal. Auction all future coal blocks. Allow all winners to produce associated gas (methane) as well as coal. These should be the key features of a new coal policy, following the Supreme Court’s striking down of 214 coal block
Denationalize coal, produce gas along with it Read More »
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