The Economic Times

We are celebrating, simultaneously, the 60th anniversary of Independence and 150th anniversary of the 1857 mutiny against British rule. Some historians and most politicians call the mutiny the first war of independence. This is a dubious proposition. The concept of […]

Today, globalisation is equated with economic liberalisation. Of course, the Soviet Union once sought a different sort of socialist globalisation. But the Soviet Union is now gone, and globalisation is seen to be driven by the private sector. Indeed, the

In February, The Economist (the British weekly) hazarded a guess that India\’s current account deficit in 2006-07 would be 3% of GDP. Others, including me, felt it would be closer to 2% of GDP. In fact, it was just 1.1%

In February, The Economist (the British weekly) hazarded a guess that India\’s current account deficit in 2006-07 would be 3% of GDP. Others, including me, felt it would be closer to 2% of GDP. In fact, it was just 1.1%

July 2 marked the tenth anniversary of the Asian financial crisis, which flattened most Asian economies in 1997-99. China and India suffered, but survived intact. Today, Asian countries have adopted new policies — discussed below — to ensure that 1997

Traditional bank architecture is based on bank branches. The branches ensure the physical security of your savings. You go there to deposit and withdraw money, negotiate loans, and engage in other financial transactions. In the past two decades, the banking

The 61st NSSO round shows (see accompanying table) that per capita calorie consumption in India has declined once again in 2004-05, measured in kilocalories (popularly referred to simply as calories). Consumption has fallen to 2,047 calories in rural India (against

What is China going to do with $ 1.2 trillion of foreign exchange reserves? One answer came over the week-end—it will invest $ 3 billion in Blackstone, a US private equity company. Many see this as a breakthrough in developing-country

Annual average growth of gross state domestic product (%) for 14 major states.   1993-94 to 2004-05 1980-81 to 1990-91 Gujarat 7.46 5.08 W.Bengal 7.06 4.71 Rajasthan 6.39 6.60 Haryana 6.33 6.43 Karnataka 7.26 5.29 Kerala 6.18 3.57 A.P. 5.95

Rank Name Age Net worth $bl 5 Lakshmi Mittal 56 32 14 Mukesh Ambani 49 20.1 18 Anil Ambani 47 18.2 21 Azim Premji 61 17.1 62 Kushal Pal Singh 75 10 69 Sunil Mittal & family 49 9.5 86