The Indian National Interest Review
In India, lower interest rates are surely no magic wand. Joseph Stiglitz and Larry Summers may not be on the same page on many matters these days. However, on the… Continue reading "Do interest rates matter in India?"
India is not ready to step in as China’s economic engine stutters and stops. In October 2014, the Takshashila Institution published a discussion document on the China outlook for 2015. Events… Continue reading "China currency devaluation – matter of when and not if"
It is unclear as to which objective of RBI has been achieved with its recent announcements. The title of this article is not just about RBI’s bizarre announcement three days ago (Tuesday,… Continue reading "Confusion reigns"
Economics and Fiscal Policy thought
The Wholesale Price Index calculation was recently modified, to keep it up to date
The road ahead is long and uncharted. America could conceivably spend a good part of a decade trying to repair itself. What can Asian economies do, or what should they do, in such circumstances, not only to sustain economic growth but also to take advantage of the evolving geopolitics?
The October 2008 issue is out! You can download it now. Excerpts will be up by Tuesday, 7th October.
The reaction to the modest increase in the still-administered prices of energy products in India recently is a clear example of leadership failure at all levels and across the political spectrum. Short-term political gains and misguided public angst dominate national interest. When the Congress Party returns to Opposition benches, they will return the compliment. It hurts and will hurt India. Badly. It appears that the Indian democracy subsidises mediocre and inferior leadership more than the Indian government subsidises commodities.