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
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
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
QUANTITY, NOT QUALITY, IN OUR GROWTH
27th Jan, 2011; Source: The Economic Times
Many scandals have surfaced recently, which highlight the immaturity of India’s economic development model India lurched somewhat reluctantly into the economic reform process nearly two decades ago If China has been on the path for the last 33 years, the fact is that we have been at it for 20 years, too This is a... Read More
24th Dec, 2010; Source: The Economic Times
The year 2010 has been a strange one in many ways — a year that flattered to deceive and that belied the expectations and optimism with which it had started The report card is straightforward The political stock of the UPA fell suddenly after the second half of the year with one scam after another and the results of... Read More
DECODING THE SAVINGS RATE MIRACLE
22nd Oct, 2010; Source: The Economic Times
One of the real macroeconomic successes of this phase of India’s reform process has been the increase in our savings rate This has also resulted in a higher investment rate, which, indeed, is now leading to a higher level of GDP growth For example, in the three years to FY 2004, the savings rate hovered around 25%... Read More
