Having won over the Samajwadi Party (SP), the Manmohan Singh government can push ahead with the Indo-US nuclear deal, and hope to complete its full five-year term. If the government survives the trust vote, Congressmen will be delighted, since they […]
The advantages of irrelevance Read More »
Politicians in India and abroad have lambasted traders who buy oil contracts for future delivery as speculators that have driven oil to $145/barrel. In fact, India itself should start buying oil futures and options. This will be a sensible risk
India should turn \’oil speculator\’ Read More »
Politicians in India and abroad have lambasted traders who buy oil contracts for future delivery as speculators that have driven oil to $145/barrel. In fact, India itself should start buying oil futures and options. This will be a sensible risk
India should turn \’oil speculator\’ Read More »
India today presents a sorry picture of messed-up opportunities and policies. The government may fall because of Marxist resistance to the Indo-US nuclear deal. The government is too timid to pass on the high price of oil and fertilisers to
Indian lessons & non-lessons for China Read More »
The world’s largest democracy, India, is an emerging economic giant. Reforms that began in the late 1980s and accelerated in the 1990s have led to high growth and have reduced poverty by one third. Professor Panagariya will discuss changes in
India: The Emerging Giant (Oxford University Press, 2008) Read More »
From ancient times, Indian rulers have always blamed inflation on the perfidious bania. That is happening globally today. Politicians everywhere are blaming speculators for high inflation. Actually, inflation occurs when too much money chases too few goods. Today, no great
Excess speculation or excess money? Read More »
Predicting oil prices is a mug\’s game. Yet I will stick my neck out and forecast that oil will fall from today\’s $135/barrel to under $100/barrel by the end of 2008. Usually, when prices go up, demand falls. But world
Oil will fall below $100 a barrel Read More »
I was a gung-ho liberaliser when economic reforms began in 1991. At the time, a sceptical politician asked me which sectors would benefit most. I replied it was not possible to predict the winners. In that case, he sneered, why
Path to nowhere leads to success Read More »
India has a world-class elite sitting on top of hundreds of millions with low skills and literacy. This accounts for the title of a new study on India\’s educational tragedy — \’India Shining and Bharat Drowning\’ — by Jishnu Das
Bharat Drowning or Bharat Rising? Read More »
Crude oil costs $135/barrel globally, but Indian prices of petroleum products have long been linked to barely $60/barrel. This has meant under-recoveries — explicit and implicit subsidies to consumers — of a whopping Rs 2,45,000 crore. So, the government has
We\’re really subsidising Opec Read More »
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