The Economic Times

Western critics are not seriously discomfited by India killing terrorists at home, or even covertly in Pakistan. What they cannot stand is the killing of Western citizens. They argue that this is unwarranted since there is rule of law in […]

India, too, is copying the Chinese economic model. The government says free trade has reached its limits, and so has been raising tariffs for five years. It has offered subsidies as high as 50% for some sectors like chip fabrication.

China strongly favours expansion of BRICS, seeing a chance to convert the grouping into an anti-Western front by inducting countries dependent on Chinese aid and investment. India should argue against rapid membership expansion where it will have little influence. The

In India, industry’s share of jobs (25%) is actually higher than in Bangladesh (22%) or Indonesia (22%), and not much lower than in China (28%). Of course we would love to have a still higher share, but you cannot say

Modi remains immensely popular. So, the NDA argues, it will definitely win in 2024. After Karnataka, that certainty has diminished to a probability. Corruption now matters. BJP has lost its halo. In all probability, it will still win the 2024

I was reminded of this when Indian External Affairs Minister Jaishankar recently said, “The West has a bad habit of commenting on others. They somehow think it is some kind of God-given right. They will have to learn only by

Incentives should not be extended beyond five years: the biggest risk is that they will continue forever in flop sectors to save face and jobs. Demands from additional sectors to get PLI must be resisted. 14 sectors are already too

India has a huge comparative advantage in skilled labour, especially engineering skills. India now produces 600,000 engineers a year, and MNCs are harnessing this flow of inexpensive skills. Accenture has 300,000, of its global workforce of 700,000 in India. IBM

In this millennium, central banks across the world have adopted inflation targeting, sometimes to the exclusion of other concerns like economic growth or employment. Some monetarists hold that central banks should target only one parameter – inflation – since simultaneously

In 2006, I researched and wrote a paper for the Cato Institute on Gujarat’s new strategy of port-based development. This strategy was launched by Congress chief minister Chimanbhai Patel in the early 1990s and expanded by BJP successors. I visited Gautam Adani‘s