INDIA CAN STILL PREVAIL, WITH WILL
Aug 23rd, 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 Armageddo ...ReadMore
INDIAS ENTREPRENEURIAL DEFICIT
May 23rd, 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, pref ...ReadMore
Mar 31st, 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 4.6% 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 ...ReadMore
QUANTITY, NOT QUALITY, IN OUR GROWTH
Jan 27th, 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 ye ...ReadMore
Dec 24th, 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 anoth ...ReadMore
DECODING THE SAVINGS RATE MIRACLE
Oct 22nd, 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 ...ReadMore
Sep 3rd, 2010; Source: The Economic Times
Growth in the nineties averaged about 6% but now we are consistently doing better at 8%. This has led to a sense of complacency and even triumphalism amongst policymakers and the media. The ‘second fastest growing economy’ appears to be waiting comfortably for China to stumble so that we can per ...ReadMore
OPEN THE DOORS TO ORGANISED RETAIL
Jul 30th, 2010; Source: The Economic Times
The story of Indian retail is a complicated one. To put things in perspective, about 40% of the country’s total GDP of $1 trillion comes from retail sales to Indian consumers. The local, one-off corner stores account for more than 94% of this total retail sales of around $400 billion. So-called or ...ReadMore
Jun 8th, 2010; Source: The Economic Times
Phase-II of the global recession was always going to hit the global economy. That Greece took the honours was purely incidental. The bigger issue is whether in saving the too-big-to-fail banks of the world, governments have overstretched themselves . This is the nagging fear that is disquieting the ...ReadMore
Irrationality of global capital markets
May 11th, 2010; Source: The Economic Times
Global capital markets are not perfect. Nor are they rational, or even oftentimes effective. A quick look at the performance of the capital markets over the last 15 years just confirms this. In 1993, foreign investors pumped billions of dollars into short term, local currency, fixed income instrumen ...ReadMore
