FOCUS ON GROWTH AND SECTORAL REFORMS


25th Feb, 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 wisdom, tax experts spring forth and give nuanced positions, business people ask for tax cuts, the socialists... Read More


ENCOURAGE INDIANS TO SAVE MORE


11th Feb, 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’ve seen it all... Read More


WE MUST REACT TO GLOBALISATION


28th Jan, 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 jumps out Yes, sure, there are a number of topics which could be worth writing about were it not for the fact that I... Read More


CAPITAL IDEAS ON FINANCING GROWTH


14th Jan, 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 whole The results were both interesting and disconcerting At the outset, two points need to... Read More


LOOKING BACK AT THE YEAR THAT WAS


31st Dec, 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 the year just passed First and among the most defining events of the year would have to be... Read More


LET PRIVATE ENTERPRISE TAKE THE LEAD


5th Nov, 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 macro reforms are over and growth rates of 8% plus can only be engineered if more clusters, or sectors reach a... Read More


WHY THE ELEPHANT WILL BE DANCING


22nd Oct, 2004;  Source: The Financial Express


This is intended to be the first in a series of articles in this paper As a start, I thought I would put down my views on the current state of the Indian economy so that readers can filter my future views against this backdrop Last year, the Indian economy grew in excess of 8% Is this growth sustainable, or is it... Read More


A LONG-TERM VISION DOCUMENT


9th Jul, 2004;  Source: Business Standard


‘A Budget with a long-term vision’ would best describe the fine balancing act performed by the finance minister on Thursday The minister has dared to dream about strengthening of the rural infrastructure and boosting agricultural growth, a trigger that is well placed to fuel activity in... Read More


INDIA IS VULNERABLE THIS TIME


28th Jun, 2004;  Source: Business Standard


A few events have taken place which imply that there could be significant changes in the interest rate and forex outlook in the next several months First, the state of the global macro-economy has changed fundamentally From being in an era of low global inflation and low interest rates, we... Read More