The Times of India

Why did the budget cause the Sensex to crash by over 1000 points, and cause global rating agencies to mutter that if India did not pull up its socks, its bonds would be downgraded? Finance Minister Pranab Mukherjee has gone […]

When President George Bush pushed through the Indo-US nuclear deal, analysts claimed that he aimed to generate multi-billion orders for US nuclear equipment suppliers. Some Indian scientists opposed the deal fearing that it would lead to US dominance in our

Dear Pranab Mukherjee, You have a big budget problem. Your fiscal deficit is huge, but you cannot easily increase taxes or cut spending during a recession. One easy way out will be to raise taxes yet again on cigarettes. Tobacco

After six months of financial drought, global money is flooding into India at the rate of $1 billion a week. If sustained, this will be the mother of all financial stimuli, eclipsing the finance minister\’s budgetary endeavours. The dollar flood

US President Obama wants to end tax breaks that he thinks lead US companies to shift jobs to developing countries like India. Indian analysts fear this will hit foreign investment and jobs in India. These fears are overblown. Indeed, the

The stock market has zoomed 20% hoping that the Congress victory will usher in radical economic reforms that were earlier thwarted by the Left Front. This is a serious error. The Congress sees its victory as a vote for continuity,

I was dead wrong in predicting a hung parliament with Mayawati having a kingmaking role. Yet, I cannot resist recalling the heading of my March 9 column, \’India slumps, Bharat rises, Congress smiles\’. Despite a global recession that has hammered

There is much talk of green shoots heralding the end of the global recession. Stock markets are shooting up globally. But the International Monetary Fund (IMF) has just issued its gloomiest forecast ever. It says world GDP, which has never

India’s merchandise exports declined 22% in January and February, and the slump looks like continuing. The silver lining is that India’s exports of software and IT-enabled services have proved resilient. However, such exports face new threats that should not be

Some years ago, Jairam Ramesh coined the word Chindia, hyphenating China and India, to denote a great new geopolitical development. The earlier BRIC report had identified China and India as potentially the two fastest growing states that could one day