CONTINUING REFORM & FISCAL CORRECTION WILL MAKE INDIA’S 2013 STAND APART FROM 2012


8th Jan, 2013;  Source: The Economic Times


I do hope that the economic pragmatists of the government win over the political pragmatists of the UPA Future economic historians will probably remember 2012 and 2013 as the middle years of an extended post-global financial crisis era Years that will be mostly remembered for tactical reasons such as the US... Read More


AN ESSAY ON CORRUPTION


11th Jul, 2012;  Source: The Economic Times


Recent visits by the author to both the US and China show what a long road India still has to travel In fact, we had just started on this road before the current slowdown hit us smack in the face There are those who would argue that we are still doing well in a relative sense But given the absolute level of poverty... Read More


THE TIPPING POINT


16th May, 2012;  Source: The Economic Times


It took many years for perception about India to change Until the nineties we were saddled with the Hindu rate of growth India was perceived as a lumbering socialist, closed economy pursuing its own command and control policies and uninterested in what was happening in the world Then came the economic reforms of the... Read More


THE REVENGE OF THE TWIN DEFICITS OR ALL THE MACRO LIGHTS ARE FLASHING RED


4th Apr, 2012;  Source: The Economic Times


If you thought they had gone away for ever, think again With the fiscal deficit touching 6% for several years and the current account deficit inching its way over 3% we must necessarily examine whether we are moving into dangerous macro territory in a time of great global uncertainty, and what if anything can be... Read More


COMING UP: LAST CHANCE BUDGET


13th Feb, 2012;  Source: The Economic Times


For UPA-II government, Budget 2012-13 is the final opportunity to renew economic reforms Will the Reserve Bank of India’s (RBI) rate cuts which are around the corner help the Indian economy move back to its 8% to 9% growth trajectory Is India’s sustainable level of growth 7%, and were the last few years really... Read More


FOR WHOM THE (ALARM) BELL TOLLS


11th Jan, 2012;  Source: The Economic Times


The government must act on regaining macroeconomic balance, taking decisions and creating infrastructure As we begin this new year, it is incumbent upon us to be optimistic However, when we look at the politico-economic landscape and couple that with the global environment, it is hard to maintain this sense of... Read More


Goldman Invests Big in Sumant Sinha’s Co


27th Sep, 2011;  Source: The Economic Times


Goldman Sachs has invested Rs 1,000 crore to acquire majority stake in a renewable energy startup, betting on the bright outlook for the rapidly growing sector and the skills of former investment banker Sumant Sinha, who set up the company after leaving Suzlon last year Click on the link below to read full... Read More


INDIA CAN STILL PREVAIL, WITH WILL


23rd Aug, 2011;  Source: The Economic Times


In a world economy that is fraught, India requires strong leadership to sustain its growth momentum So we are once again in the thrall of a global economic crisis The double dip recession appears round the corner in the US, while the eurozone continues its struggles to stave off impending Armageddon in the form of... Read More


INDIA’S ENTREPRENEURIAL DEFICIT


23rd May, 2011;  Source: The Economic Times


To broad base its growth, the country needs to address the lack of a thriving entrepreneurship culture One of the drivers of India's growth going forward is how well the professional class adapts to emerging opportunities in the new India Historically, Indians have been reasonably risk averse, preferring salaried... Read More


WAGES OF FISCAL IMPRUDENCE


31st Mar, 2011;  Source: The Economic Times


Growth and Budget targets stand to be undermined by the perceived dither in governance As per the Budget estimate, India’s fiscal deficit will be 46% of GDP and total borrowings will be 3,43,000 crore Both these targets are likely to be exceeded First, the revenue side depends critically on 9% GDP growth and... Read More