The Times of India

When India opened its economy in 1991, leftists warned that uncompetitive Indian companies would be killed or swallowed up by multinationals. Fifteen years later, the shoe is on the other foot: Indian companies are taking over giant multinationals. In 2006, […]

Cynical Indians who have long thought that the rich and powerful can get away with murder are suddenly cheering. In the Jessica Lal case, the High Court has reversed last year’s acquittal of Manu Sharma, son of a prominent politician,

The world over, politicians and the media are saying—often in dismay– that India has got a fabulous deal from the US on the resumption of civil nuclear supplies. Many Americans and Europeans accuse President Bush of a sell-out to India,

The Bombay Sensex, comprising the 30 top companies on the stock market, hit a historic high of 14,000 last week, up from less than 9.000 at the start of the year. This was a huge achievement. But the market mood

India is experiencing record economic growth and record crimialisation of politics at the same time. GDP growth in the June-September quarter was a phenomenal 9.2%, raising hopes that India may actually overtake China in the not-too-distant future. Yet euphoria on

Even when markets fail, market-based solutions can often be better than government ones. This needs emphasis in the wake of the Nobel Prize for economics going to George Akerloff, Joseph Stiglitz and Michael Spence, for showing that lack of information

During the visit of Chinese President Hu Jintao last week, there was much loose talk (but no decision) regarding an India- China Free Trade Area (FTA). This is a terrible idea that must be aborted. The most important reason is

India is firmly in the grip of vote-bank politics. So, the clamour for job reservations for scheduled castes and tribes in the private sector will grow as we approach the state election in Uttar Pradesh next March. The clamour will

The UN Human Development Report 2006 paints a dismal picture of social development in India, which ranks just 126th out of 177 countries. We must be cautious about glowing predictions that India will soon become a global economic superpower. Without

Globalisation has for the first time in history made poverty an advantage. It obliges companies to search the globe for ways to cut costs. The lower the wages in any country, the more competitive production there is, other things equal.