The Economic Times

  India’s Real Effective Exchange Rate (REER)    36-country basket 5-country basket 1990-91 75.58 141.99 1991-92 64.20 117.75 1992-93 57.08 112.38 1993-94 61.59 100.4 1994-95 66.04 100.4       2000-01 66.53 101.18 2001-02 68.43 102.49 2002-03 72.76 98.24 2003-04 […]

When Prime Minister Manmohan Singh visits the US later this month, he will ask the US to lift curbs on the transfer of technology and equipment for nuclear and other purposes. He needs to emphasise that this is not about

Despite substantial GDP growth in the last two decades, India remains a poor country that ranks far behind others in almost every parameter. But there is one respect in which India is world number one: remittances from the overseas Diaspora.

Every year, Fortune magazine brings out data on the 500 biggest American companies. Most people read it to see who has become biggest and most profitable. I read it equally to see who got hammered and humbled. To my mind,

The new year 2005 has opened on a note of high optimism. The Sensex has hit a record 6680, and the CSO has estimated GDP growth in the July-September quarter at 6.6%, following 7.4% in the preceding quarter. The latest

Every year, the Wall Street Journal and Heritage Foundation bring out a book called The Index of Economic Freedom, the centerpiece of which is an index  ranking countries by the extent of freedom in 10 economic dimensions. Not all will

Historically, growth in developing economies has been led by industry, minerals or agriculture. The only exceptions have been small island economies that are tourism-led. India is the first major developing economy to become services-led, with services outpacing industry and agriculture.

Historically, growth in developing economies has been led by industry, minerals or agriculture. The only exceptions have been small island economies that are tourism-led. India is the first major developing economy to become services-led, with services outpacing industry and agriculture.

  Table: Latest Balance of Payments data ($ billion)   Apr-June 2003 Apr-June 2004   Exports(goods) 13.2 16.8   Imports(goods) 18.7 23.1   Invisible exports 11.0 17.7   Software 2.7 3.5   Other miscellaneous 0.9 4.6   Private transfers 4.9

For decades, I have been among the most scathing critics of Nehruvian socialism, which  deformed our intellectual and economic development for four decades after independence. Initially, this criticism was regarded as blasphemy. Today, it has become close to conventional wisdom.