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SCARCE LIQUIDITY MEANS RISK-AVERSE FIIS


Apr 22nd, 2005;  Source: The Financial Express


Last fortnight, I wrote about the uncertainty in the commodity cycle going forward. On the macro-economic side, the picture has just become more complicated, with the release on Wednesday of US inflation n ...ReadMore

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SUPER CYCLE OR SUPER CORRECTION?


Apr 8th, 2005;  Source: The Financial Express


We live in an uncertain world. This has been more than amply proven by developments in the commodities world over the last two years. Prices of most commodities have gone up by far more than anybody anticipated, or could have anticipated. The best example is oil where prices over $50 a barrel a ...ReadMore

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DEMOGRAPHICS WILL POWER OUR GROWTH


Mar 25th, 2005;  Source: The Financial Express


Every fortnight when I write this column, it is hard not to be torn between optimism about the long-term prospects of our country, and despair about our inability to get our act together as a people. Madeleine Albright once said about Yasser Arafat, “he misses no opportunity to miss an opport ...ReadMore

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A DELIBERATELY NON-DRAMATIC BUDGET


Mar 11th, 2005;  Source: The Financial Express


This close to the Budget, it is hard to resist putting down one’s views on it. Great things were expected of this ‘dream team.’ The media, as is their wont, duly hyped the Budget, and expectations were sky high. Against this measure of public expectation, did the Budget disappoint? I ...ReadMore

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FOCUS ON GROWTH AND SECTORAL REFORMS


Feb 25th, 2005;  Source: The Financial Express


The Budget is always an important time in the Indian economic calendar. It is hard to escape all the attention and hype that surrounds it. Housewives are solicited for their opinions, economists spout wisd ...ReadMore

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ENCOURAGE INDIANS TO SAVE MORE


Feb 11th, 2005;  Source: The Financial Express


The India investment story is currently attracting significant interest from overseas investors. At a recent investor conference, over a third of the investors were first-timers, looking at allocating a part of their global pool of funds to India, while some of the old India hands had the “We ...ReadMore

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WE MUST REACT TO GLOBALISATION


Jan 28th, 2005;  Source: The Financial Express


The curse of the columnist has finally struck! My fingers are frozen at the keyboard with nary a worthwhile topic in my head. As I cast my mind around at the fortnight’s happenings, nothing dramatic jump ...ReadMore

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CAPITAL IDEAS ON FINANCING GROWTH


Jan 14th, 2005;  Source: The Financial Express


Recently, we did a study on the likely financing needs of the Indian economy as a whole, and for the industrial sector. We worked backwards from an assumed target growth rate of 8% for the economy as a who ...ReadMore

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LOOKING BACK AT THE YEAR THAT WAS


Dec 31st, 2004;  Source: The Financial Express


It is fashionable for writers to review the year gone by in their end-of-year columns. I will make no exception to this principle and will attempt my own modest review of some of the important themes of th ...ReadMore

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LET PRIVATE ENTERPRISE TAKE THE LEAD


Nov 5th, 2004;  Source: The Financial Express


In my last column, I spoke on the need for an “in-the-trenches” mentality towards fostering further reforms in the Indian economy. This reflects the fact that the easier, or first phase, of mostly macr ...ReadMore