Why India Is Non‐aligned on Russia
There are many reasons why India has abstained in UN votes on Ukraine rather than join the West in condemning Russia. First, India prizes its non‐aligned traditions. Second, India has always viewed Russia (and the USSR earlier) as an old
Why India Is Non‐aligned on Russia Read More »
High inflation is going to just get higher
The Wholesale Price Index has been in double digits for almost a year and has just skyrocketed to a horrendous 14.5%. Tighten your belts. We are heading for the worst inflation in a long time. This will hit purchasing power,
High inflation is going to just get higher Read More »
India can sustain ‘miracle’ GDP growth of 7%. There is only one rider
GDP growth crashed to just 3.7% in the pre-Covid year 2019-20. In the preceding two decades, GDP growth averaged over 7% (save in the Great Recession of 2008-09). Pessimists such as Shankar Acharya note that GDP growth slowed steadily from
India can sustain ‘miracle’ GDP growth of 7%. There is only one rider Read More »
Free Domestic Electricity Threatens State Finances in India
India boasts that 40% of its power capacity is now based on renewables. But competition between political parties in election pledges has resulted in more and more states providing free electricity to domestic consumers. This subsidizes rather than taxes carbon.
Free Domestic Electricity Threatens State Finances in India Read More »
Why Ukraine war will cast a shadow on BJP prospects in Gujarat
Covid and the Ukraine war have created high inflation and recessionary trends with political consequences across the globe. Inflation of 13.7% facilitate Imran Khan’s ouster in Pakistan. An 18% inflation rate may oust Gotabaya Rajapaksa in Sri Lanka. Many African
Why Ukraine war will cast a shadow on BJP prospects in Gujarat Read More »
Why reservation will not solve India’s job crisis
A study by Surjit Bhalla, Arvind Virmani and Karan Bhasin estimates that extreme poverty — defined by the World Bank as consumption below $1.90 per day per person — has virtually disappeared in India. India’s poverty line is virtually identical
Why reservation will not solve India’s job crisis Read More »
Western hypocrisy and the impracticability of a tribunal to try Russia
Smartphones and the internet have made it possible as never before to transmit the horrors of war from Ukraine to viewers across the world. The village head of Motyzhyn near Kyiv and her family were blindfolded and shot. Mass killings
Western hypocrisy and the impracticability of a tribunal to try Russia Read More »
If US wants to sell us gas, it must match Russian discounts
Western governments and media have criticised India for buying Russian oil since economic sanctions are seen as the way to end Russia’s invasion of Ukraine. US commerce secretary Gina Raimondo said India’s action was “deeply disappointing.” She added, “Now is
If US wants to sell us gas, it must match Russian discounts Read More »
Russia-Ukraine conflict: Is an outright recession now inevitable?
The course of wars cannot be predicted. The Ukraine war may end in a few weeks with Russia and Ukraine signing a face-saving deal. Or it may drag on for months before ending in a muddled stalemate. Or it could
Russia-Ukraine conflict: Is an outright recession now inevitable? Read More »
