When India\’s GDP growth declined to 6.5% last year, some shrugged it off as an aberration. But drought and industrial stagnation have led financial analysts like CLSA to slash their growth estimate for 2012-13 to 5.5%. Citibank fears it could […]
Drought relief, poll freebies will widen fiscal deficit Read More »
Dear Anna Hazare, Frustrated by your failure to draw large crowds or sway Parliament, you have decided to convert your India Against Corruption movement into a political party. This is madness. Please abandon the idea. A mass movement can flourish
Anna\’s party would be a great blunder Read More »
Dear Anna Hazare, Frustrated by your failure to draw large crowds or sway Parliament, you have decided to convert your India Against Corruption movement into a political party. This is madness. Please abandon the idea. A mass movement can flourish
Anna\’s party would be a great blunder Read More »
The Reserve Bank has expressed grave worries about the current account deficit (CAD). This hit a record 4.2% of GDP in 2011-12. In January-March 2012, it was even higher at 4.5% of GDP, in stark contrast to just 1.3% in
Why RBI’s fears about India’s growing current account deficit are misplaced Read More »
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 »
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