Gloom surrounds the end of the decade of the 2010s. The euphoria of the 2000s has been replaced by sulky disappointment as the 2010s end. This is not just a cyclical downswing. Something deeper has gone seriously wrong. In the […]
2010s: The decade is ending on a sour note for Indian economy Read More »
India’s GDP growth slowed to 5% in the April-June quarter, the slowest since the scam-hit days of UPA-2. From 8.2% a year ago, growth has fallen sharply quarter after quarter. This is the combined effect of a cyclical global downswing
Bank mergers and minor policy changes won’t revive economy Read More »
Donald Trump has punctured the notion that the US will support India’s rise as the only Asian nation that can credibly check China’s hegemony in the 21st century. Instead, he declared last week that both China and India are unfair
India must join US in seeking reforms to WTO Read More »
In his Independence Day speech, Prime Minister Modi said, “Wealth creation is a national service.” He declared, rightly, that wealth creators should be honoured, not pilloried. How does he reconcile this with his absurd new law making it a criminal
CSR spends are no guarantee of corporate ethics Read More »
I have long advocated a plebiscite in Kashmir, allowing the Kashmiris to split way if they so choose, as the only moral, liberal solution. Alas, all political parties reject that… Continuing with Article 370 of the Constitution — as many
Next step: A West Bank in Kashmir? Read More »
Foreign investors have fled stock markets after the budget. The Sensex is down nearly 2,500 points. Small and midcap stocks have fallen even faster. Beyond the budget, other problems are growing too. They add up to a discouraging message: Foreigners,
Why foreign investors are fleeing India Read More »
Rahul Gandhi’s resignation as Congress president has been followed by an exodus of Congress MLAs in Karnataka and Goa. The party has long been a bunch of opportunists held together only by dependence on the Gandhis to attain power. Without
Without Gandhi glue, Cong will come unstuck Read More »
The Economic Survey said rightly that no country had ever grown fast without buoyant exports, and called for policies to generate a virtuous cycle of rising exports, GDP, savings and investment. The budget fails comprehensively to do this. Far from
Budget has failed to create an India that can compete Read More »
Draft amendments to the Indian Forest Act have been circulated for comment, and provoked much controversy. The ministry of environment proposes enhanced powers for the police and bureaucrats in dealing with forest tribals to improve forest cover. In 2015, the
Take a leaf from Gujarat, and let tribals own and operate forests Read More »
The Prime Minister held a meeting with other party leaders last Wednesday to promote his longstanding idea of simultaneous elections for the Lok Sabha and state assemblies. Many Opposition leaders are bitterly opposed to this and boycotted the meeting. They
‘One nation, two elections’ can be a good compromise solution for Modi Read More »
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