The Economic Times

Given the economy’s impressive performance in weathering the Great Recession and then accelerating this year, optimists feel that the good-old days of 9% growth are about to return. They think it is only a matter of time before we hit […]

As India\’s GDP growth accelerated to a record 8.5% between 2003 and 2009, Maoism also accelerated to hit over 200 districts. Maoist attacks made major headlines and seriously affected some localities, but had no macroeconomic impact. That situation may be

Carving small states (Jharkand, Chattisgarh and Uttrakhand) out of larger ones (Bihar, Madhya Pradesh, UttarPradesh) has so far proved an economic success. Not only have the new states grown faster economically, even Bihar and Uttar Pradesh have experienced much faster

There are two versions of the global warming story playing out at the Copenhagen summit. What you usually hear is the pop version, pushed by many NGOs and politicians. Less popular but more cogent is the scientific version, which is

The Government’s proposed Direct Tax Code has been widely welcomed. It seeks, rightly, to bring corporate tax rates closer to the Chinese and ASEAN level, and combine lower rates with fewer exemptions. The proposed income tax changes will give substantial

Just five months ago, when stock and commodity markets hit rock bottom, capitalism was viewed as seriously if not terminally sick. The Financial Times ran a series of articles labeled “The Future of Capitalism.” Economists, politicians, and philosophers saw the

When Narendra Modi won the 2007 state election in Gujarat, the media focused on Hindu-Muslim issues. Some journalists highlighted rapid industrial development that had made Gujarat India’s fastest-growing state. I mentioned Gujarat’s successful port-led development. However, an excellent new study

When Narendra Modi won the 2007 state election in Gujarat, the media focused on Hindu-Muslim issues. Some journalists highlighted rapid industrial development that had made Gujarat India’s fastest-growing state. I mentioned Gujarat’s successful port-led development. However, an excellent new study

On budget day, the Sensex tanked 869 points and gilt yields rose 30 basis points. The markets seemed to be repelled by Pranab Mukherjee’s budget. In fact, the budget does a good job of dealing with a Great Recession. That

The budget, which aimed to build on its successful election platform and please the aam aadmi, ended up scaring the aam investor: the Sensex tanked 869 points. The markets had been irrationally exuberant in the run-up to the budget, and