The monsoon has failed badly this year as it did in 1965. But it’s little more than an inconvenience this year, whereas in 1965 it was a monstrous calamity. The drought-proofing of India is a success story, but one widely […]
Drought not a big calamity in India anymore Read More »
Nobody believes that agriculture minister Sharad Pawar has resigned because of policy differences. He is miffed at being denied no 2 status in the Cabinet. He may also be preparing for life after UPA 2 – the next general election
Exit Sharad Pawar, champion of farmers Read More »
US President Barack Obama says India\’s investment climate is unsatisfactory and limits foreign direct investment in too many sectors. Time magazine has run a cover story calling Prime Minister Manmohan Singh an \’underachiever\’. The outraged reaction of many Indians can
Indians getting outraged at criticism abroad shows immaturity & inferiority complex Read More »
Angered by crony capitalism in India and the power of the top 1% in the West, some analysts favour the so-called Beijing Consensus, or China\’s model. Sorry, but China has as much cronyism as other countries. A recent study in
China beats India again, this time in corruption Read More »
Prime Minister Manmohan Singh has become finance minister too. His first spell as finance minister (1991-96) was a heady period of economic reform, converting India from an international beggar into a potential superpower. Will his second spell as finance minister
Don\’t expect major reforms from Manmohan as FM Read More »
Prime Minister Manmohan Singh has become finance minister too. His first spell as finance minister (1991-96) was a heady period of economic reform, converting India from an international beggar into a potential superpower. Will his second spell as finance minister
Don\’t expect major reforms from Manmohan as FM Read More »
Politicians love to pick and subsidise industrial winners. Crooked politicians simply seek kickbacks for backing \’winners\’. But clever, honest politicians believe they have the brains and vision to outguess the market. Kapil Sibal, the minister in charge of education and
Student vouchers preferable to sinking taxpayer money into Aakash tablets Read More »
Many rich countries have struggled for three years to emerge fully from the Great Recession of 2008-09. Alas, the world is slipping into a new recession. No global authority has dared say so, but the writing is on the wall.
Bad news: world is sliding into a new recession Read More »
Prosperity requires a massive shift of labour out of agriculture into industry and services. Agriculture accounts for barely 14% of GDP, but for over half all workers. The average farm size is below two hectares. Farmers simply cannot get prosperous
Lease land, don\’t acquire it Read More »
Prosperity requires a massive shift of labour out of agriculture into industry and services. Agriculture accounts for barely 14% of GDP, but for over half all workers. The average farm size is below two hectares. Farmers simply cannot get prosperous
Lease land, don\’t acquire it Read More »
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