The Indian Economy Blog

Archive for April, 2006

Goodbye, John Kenneth Galbraith

Sunday, April 30th, 2006

Ignorance, stupidity, in great affairs of state is not something that is commonly cited. A certain political and historical correctlness requires us to assign some measure of purpose, of rationality, even where, all to obviously, it does not exist. Nonetheless one cannot look with detachment on the Great War (and also its aftermath) without thought [...]

Soft Power and Bollywood

Sunday, April 30th, 2006

In recent times, two major Hollywood movies I watched, V for Vendetta and Inside Man both ended to Bollywood music. With the Wachowski Brothers, it comes as no surprise since Part 3 of the Matrix series ended to the chant of Asatoma Sadgamaya, but a Spike Lee joint beginning and ending with “Chaiyya, Chaiyya” came [...]

News from the Indian Electricity Sector

Wednesday, April 26th, 2006

I was invited to a luncheon yesterday with union power minister, Sushil Kumar Shinde, hosted by the Indian Consulate General in New York. Mr Shinde was doing a roadshow inviting U.S. investors to invest in India’s power sector, which allows 100% FDI in generation, T&D and trading. I took notes about some key issues/facts about [...]

FT Special Report on Indian Infrastructure

Tuesday, April 25th, 2006

Today’s Financial Times is carrying a full supplement called Indian Infrastructure 2006. I read the whole thing and I assure you, it’s well worth it, if you’re even remotely interested in what I consider the biggest stumbling block in India’s continued economic growth. The online version is behind a subscription wall, but I’d strongly recommend [...]

No Bang, Not Even A Whimper…

Monday, April 24th, 2006

The media “controversy” over offshore outsourcing subsides Angry rants and dismal laments about offshore outsourcing are joining over-excited Internet revolution articles from 1999 in the dust-bin. As we’d predicted. Greg Mankiw , who’s experienced the outsourcing sturm und drang first-hand, points us to this David Leonhardt article in the New York Times: A few years [...]

The Chindia Debate at the PSD Forum

Saturday, April 22nd, 2006

The World Bank recently hosted the Private Sector Development Forum in Washington D.C. with the broad theme, “Markets and Growth: What, Where, When, and How?” Given the flavour of the month/year/decade, the PSDForum also hosted a panel on China and India. Pablo Halkyard at the PSD Blog links to the presentations made by Prof Yasheng [...]

A Monopoly Reappears

Friday, April 21st, 2006

The Telegraph reports: The next time you need to send an urgent letter, you may have to depend on snail mail. The government today proposed amendments to the Indian Post Office Act, 1898, banning private courier companies from carrying letters weighing less than 300 gm. The private courier industry is livid, but the government’s defence [...]

A Nation of Self Employed

Friday, April 21st, 2006

India is a nation of Self Employed and not wage earners and shareholders. They need to be nurtured and encouraged.

Free, As Long As Someone Else Pays For It

Wednesday, April 19th, 2006

The sorry tale of free secondary education for the single girl child Badri Sheshadri tells the story of how yet another item from the UPA government’s entitlement agenda fell flat for the want of, you guessed it, careful consideration. A few months ago the Central Board of Secondary Education announced free secondary education for the [...]

The Story of Yeshasvini

Thursday, April 13th, 2006

Yeshasvini is a self funding health scheme run by Narayana Hrudayalaya that provides rural folk free medical treatment on premiums as low as Rs. 5 per month.

Shifts in Working Conditions

Tuesday, April 11th, 2006

Two news incidents caught my eye that had a similar vein of job market conditions running through them. One, read about young American workers conducting part of their work-life in Bangalore in Americans seek opportunity in booming Bangalore. Two, labor shortage in China enables an increase in working conditions and benefits as portrayed in Labor [...]

So That You Don’t Miss Us Too Much

Tuesday, April 11th, 2006

Back soon folks. Till then, links to some great reading – Larry Summers’ speech at the Reserve Bank of India on 24 March, 2006 – Edward Leamer’s review of Thomas Friedman’s The World Is Flat – Our friend, Joydeep Mukherji’s paper for the Center for the Advanced Study of India at U. Penn, titled Economic [...]

Sorry For The Hiatus

Wednesday, April 5th, 2006

We’ve been under spam attack. Think we’ve fixed that (hopefully) and should be back shortly.

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