The Indian Economy Blog

Archive for July, 2005

Labor Reform In India

Saturday, July 30th, 2005

Nitin Pai highlights the urgent need for labor reforms in India, in the aftermath of the Gurgaon fracas If anything, the Gurgaon incident is a wake-up call to the Indian government to speed up labour reform. The existing maze of labour legislation only encourages bureaucratic rent-seeking and cynical trade-unionism and comes at the cost of [...]

IRTS — Part 2

Friday, July 22nd, 2005

Make no little plans. They have no magic to stir men’s blood and probably themselves will not be realized. Make big plans; aim high in hope and work, remembering that a noble, logical diagram once recorded will never die, but long after we are gone will be a living thing, asserting itself with ever-growing insistency. [...]

An Integrated Rail Transportation System

Sunday, July 17th, 2005

I may be mistaken about this but I get the distinct impression that whenever India’s development is mentioned, the matter immediately shifts to PCs and internet, BPOs and call centers. It is as if the entire economy will be magically transformed if only everyone had broadband access and a web enabled cell phone with customized [...]

India Enters the Top 10

Saturday, July 16th, 2005

The World Bank has recently updated its development indicators. Among the indicators updated are the GDP figures and the per-capita figures. According to the updated numbers, India’s $691 billion economy has just overtaken South Korea to become the 10th largest economy in the world (and the 3rd largest in Asia). China has moved into 7th [...]

Much Ado About Nothing!

Saturday, July 16th, 2005

Suketu Mehta, essayist and author, laments the “primal fear in the Western public” that stories about outsourcing have engendered, and attempts to dispel these fears in an op-ed piece in the New York Times. I agree with Mehta that Americans’ “fears” of Indians swallowing American jobs are misplaced, and commend his attempt to clear the [...]

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