The Economic Times

I suspect the eurozone will soon collapse and trigger global financial contagion. This will be not remotely as bad as 2008, but painful nevertheless. A double-dip recession is not certain, but looks likely. I have been obliged to abandon my […]

I am bemused by much of the vacuous debate over Anna Hazare\’s fast. He has his shortcomings, but many of his critics have private agendas, and are spinning the facts to suit these agendas. So they denounce the anti-corruption movement

We are used to the notion that companies can go bust for want of cash but not governments, since the latter can print money without limit. This may cause high inflation or even hyperinflation (as in Russia under Yeltsin or

We are used to the notion that companies can go bust for want of cash but not governments, since the latter can print money without limit. This may cause high inflation or even hyperinflation (as in Russia under Yeltsin or

Given the global financial turmoil, India faces three possible outcomes – slow global growth, a borderline recession, and a financial crunch resulting in serious recession. I put the chances of slow growth at 65%, of borderline recession at 25%, and

Given the global financial turmoil, India faces three possible outcomes – slow global growth, a borderline recession, and a financial crunch resulting in serious recession. I put the chances of slow growth at 65%, of borderline recession at 25%, and

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