The Economic Times

The world economy is reeling under the burden of rising government debt in OECD countries. I predict that the main way out will eventually be inflation. Huge monetary stimuli in many countries have already created the potential for inflation. And, […]

RBI Governor D Subbarao has recently expressed dismay that data on prices and industrial production are simply not reliable enough to form a good basis for policy. The inflation rate is frequently revised upward by as much as 100 basis

RBI Governor D Subbarao has recently expressed dismay that data on prices and industrial production are simply not reliable enough to form a good basis for policy. The inflation rate is frequently revised upward by as much as 100 basis

Twenty years ago, on June 21, 1991, Narasimha Rao became head of a weak minority government grappling with a terrible financial crisis. Yet he initiated economic reforms that eventually transformed India, and even the world. India in 1991 was a

In a recent column in The Times of India, I showed that Indian business was not a small cozy club of crony capitalists: newcomers kept getting into the top 30 with surprising regularity. Of the 30 companies in the Bombay

In a recent column in The Times of India, I showed that Indian business was not a small cozy club of crony capitalists: newcomers kept getting into the top 30 with surprising regularity. Of the 30 companies in the Bombay

Given the depth and complexity of the Eurozone crisis , many observers say the next IMF chief should be from Europe. Phooey! During the Asian financial crisis, nobody suggested that the IMF should be headed by an Asian. Indeed, Asians

If people are totally free, the most talented (and lucky) will get far richer than the dullest and unluckiest. So, freedom will create inequality. Communist countries aimed for equality of outcome through totalitarian controls, but this was hypocrisy: there was

If people are totally free, the most talented (and lucky) will get far richer than the dullest and unluckiest. So, freedom will create inequality. Communist countries aimed for equality of outcome through totalitarian controls, but this was hypocrisy: there was

There is no contradiction between accelerating economic growth, being fiscally prudent and showering welfarist handouts to woo voters. An excellent example is documented in The Economic Freedom of the States of India 2011, brought out last month by the Friedrich