The Indian Economy Blog

Archive for January, 2006

Blogging At Davos

Saturday, January 28th, 2006

IEB may not have made it, but there’s no dearth of bloggers at Davos. As Pablo Halkyard points out on the World Bank Blog (linking to multiple bloggers himself) If you have been reading the newspapers you would swear that Davos was a blogger convention, not a power gathering ‘meant to improve the world’. Update: [...]

The Case For A Robust India-Taiwan Economic Partnership

Saturday, January 28th, 2006

Japan fell through the cracks. Relations with Taiwan, in comparison, remain in India’s diplomatic blind spot. Though its wisdom is debatable, there is an argument against pursuing closer open political relations with Taiwan for fear of offending China. There is no reason, however, for neglecting greater economic intercourse with Taiwan, one of Asia’s top economies. [...]

Lessons from India for China?

Thursday, January 26th, 2006

Yasheng Huang of MIT and Tarun Khanna of Harvard created quite a stir back in 2003 when they suggested in a widely discussed Foreign Policy article that India’s chaotic development model may actually outstrip China’s in the long run. Yasheng Huang is back with an op-ed in the Financial Times in which he points to [...]

These Are A Few Of My Favorite Things…

Thursday, January 26th, 2006

Manmohan Singh has an op-ed in the Wall Street Journal, (subscription required) a mini-manifesto, if you will. Regular readers of IEB will find nothing new. It’s an impressive to-do list, and includes many of our favorite things as well. So, are we going to see Mr Singh finally flexing his muscles and follow up with [...]

JOB OPENING: Base of the Pyramid Consortium

Wednesday, January 25th, 2006

Many of you know of the Base of the Pyramid (BOP) concept, thanks to its popularization in books by Stuart Hart and C.K.Prahalad. The Base of the Pyramid Learning Lab, led by Stuart Hart at Cornell University’s Business School, is now working with DuPont‘s food division, Solae, to set up a BOP protocol project, with [...]

India Makes A Splash At Davos

Wednesday, January 25th, 2006

India is one of the eight sub-themes at this year’s World Economic Forum in Davos, with the tag line, India Everywhere. …Indian speakers will be featured in 60 of the conference’s 300 sessions. To put its best face forward, India has assembled a 115-strong delegation. That’s nearly four times the size of the Indian contingent [...]

FDI in Single-Brand Retail

Tuesday, January 24th, 2006

A friend of mine in Delhi informed me this morning that the Cabinet has just approved 51% FDI in single-brand retail. What this means is that you can soon buy Coach handbags and Manolo shoes in India, but Wal-Mart will have to wait. I have looked for independent confirmation of this, but have come up [...]

Public Good? Very Bad! Very Bad!

Monday, January 23rd, 2006

One way to think about incentives is the following. Invite three individuals Amar, Akbar and Anthony for a drink. There is a simple rule. Amar will pay for the drink. Akbar will however choose the drink. But, in the end, Anthony will consume it. How will the situation play out? What are the incentives when [...]

Mobile Networking

Sunday, January 22nd, 2006

Reuben has been covering this topic (and here), so this hardly comes as ‘breaking news’: Mobile ownership surged in December — with a record 4.5 million new users — after carriers targeted India’s poorer citizens with the launch of services that guarantee a number for life for just over $20….”Marketing campaigns are getting more aggressive,” [...]

Slipsiding Away…

Sunday, January 22nd, 2006

Surjit Bhalla, in a column in the Business Standard, complains about the Indian elite’s theme-du-jour mentality… There is a distinctive aspect of the Indian elite, an aspect that I have not found replicated in any part of the world. I would appreciate any corrections to this view, and/or support. This peculiarity about the Indian elite [...]

Another Reason To Read Andy Mukherjee

Saturday, January 21st, 2006

Bloomberg Columnist Andy Mukherjee is always a good read (and here) and this column is no exception: For all of India’s achievements in the past half century in building democratic institutions amidst poverty and widespread illiteracy, the “Argumentative Indian,” as economist and Nobel laureate Amartya Sen described his compatriots in the title of his 2005 [...]

Indian MNCs Eye Emerging Markets

Saturday, January 21st, 2006

(Via Salil) Most of the coverage of India Inc’s international expansion has concentrated on the expansion into first-world markets. However, the expansion into developing country markets are equally, if not more, important. Why? Most developing country markets are beyond even the peripheral vision of most first-world MNC’s, except for ones interested in BOP markets or [...]

Guy de Jonquières on India’s Apathetic Govt

Saturday, January 21st, 2006

Guy de Jonquières wrote an op-ed yesterday in the Financial Times in which he points to one of the most frequently debated issues on this blog, namely how long can economic growth continue at a fast clip while the reforms process stagnates. He lays out the case that the driver of economic growth thus far [...]

Public-Private Partnerships and Agricultural Markets

Friday, January 20th, 2006

Any attention the Indian government pays to modernise the agriculture sector is welcome. More so if the attention involves private participation. And even more so, if it has anything to do with modernising farm markets. Some of the biggest names in corporate India want to join hands with the government to develop terminal markets for [...]

India’s Productivity Performance

Wednesday, January 18th, 2006

The US-based Conference Board has a new report out on global productivity (hat tip to New Economist). The core message of the report is the following: “Most countries in the developed world (North America, Europe and developed Asia) experienced a slowdown in productivity growth rates in 2005…Countries at the higher end of the global productivity [...]

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