India may have become a miracle economy since 2003, but its largest state, Uttar Pradesh, remains mired in poverty and slow growth. Many people despair of progress in this slough of despond. Yet let me stick my neck out and

Government spokesmen claim that, after dipping in 2008-09, the economy will accelerate again next year. But some of the world’s top economists opined at last week’s Neemrana seminar that the global economy might get worse rather than better in 2009,

Satyam Computers is the Enron of India. Like Enron, Satyam was one of the biggest and most feted companies. Like Enron, Saytam perpetrated a balance-sheet scam with the support of supposedly world-class auditors. Like Enron, Saytam stands exposed as a

Has the terrorist attack on Mumbai wrecked the economy and led to a flight of foreign institutional investors (FIIs), as was feared after 26/11? Not at all. Foreign portfolio investors have adopted Nathan Rothschild\’s maxim that the best time to

Will the government\’s economic rescue package revive the economy, which is caught in the throes of a global recession? Alas, no. The rescue effort is the equivalent of giving aspirin to a patient suffering from malaria. This may reduce the

After the terrorist attack of 26/11, the mood and rhetoric in India are reminiscent of the US after 9/11. As in the US then, outraged Indians swear “never again.” The phrase “War on Terror,” invented in the US after 9/11,