Oil has crashed from $110 a barrel to $28 a barrel, and could fall to $20 a barrel. Many other commodity prices have crashed. What is happening, and why? Oil supply has shot up even as demand has slowed. Non-Opec […]
India must prepare for a recession Read More »
Indian business has long been represented by Ficci (Federation of Indian Chambers of Commerce and Industry). The new kid on the block is Dicci – the Dalit Industrial Chambers of Commerce and Industry. It boasts of nearly 4,000 members, heralding
Rahul Gandhi is losing BR Ambedkar’s legacy to Narendra Modi Read More »
The Mid-Year Economic Analysis of the finance ministry, prepared by chief economic adviser Arvind Subramanian, is controversial. It asks whether India should depart from its promised path of fiscal consolidation, which calls for the fiscal deficit to fall by another
Earlier this year, I expressed worries that India was galloping ahead with solar power when experts predicted that solar panel costs would plummet. Why not wait till costs crashed? One solar enthusiast told me the crash in costs had already
Will cut-throat competition leading to the Winner’s Curse hit solar power? Read More »
Cynics say that G20 meetings are a complete waste of time. The G20 was created for a coordinated fiscal and monetary push out of the Great Recession of 2008-10. Since then, it seems to have lost its rationale. Arvind Panagariya,
G20 should consider a new, more fair intellectual property rights regime 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 »
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 »
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
As a feminist, I am dismayed that the Delhi High Court has allowed RK Pachauri, accused of molestation and harassment by several women at The Energy and Resources Institute (Teri), to visit all but two offices of the organisation. Pachauri
RK Pachauri needs to go Read More »
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 »
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