The Indian Economy Blog

Archive for January, 2007

India Still Overheating?

Wednesday, January 31st, 2007

The Financial Times has an article today which draws attention to the preoccupations they have over at the Reserve Bank of India that the Indian economy might be overheating: The Reserve Bank of India raised the repo rate by 25 basis points to 7.5 per cent and doubled bank provisioning requirements for loans for real [...]

A Brief Introduction To RISC — Rural Infrastructure & Services Commons

Tuesday, January 23rd, 2007

I had been pondering about India’s rural development for a while before I signed up as a Reuters Fellow at Stanford University in Sept 2001. Later, Vinod Khosla and I co-authored the concept paper. This is a short version introducing the why, what, how of RISC. There is a distinct possibility that RISC may be [...]

Hutch-Essar: The Coming-Of-Age Of Private Equity In India

Thursday, January 18th, 2007

Sometime in the next month or so, the battle for control of India’s fourth largest mobile phone operator (third largest privately-owned), Hutchison-Essar, will truly begin – with the opening bids coming in. At this stage, the details are a bit murky to say the least. What we do know is that the company will be [...]

Introducing Commodity Futures Markets In India

Saturday, January 6th, 2007

Setting up a commodity futures market is the first attempt to reform agriculture Why have reforms not improved the lot of the Indian farmer as much as it has improved, say, the lot of an educated city dweller? One blogger (can’t remember exactly who) made the point very succinctly. Well, because there has been no [...]

India’s New Year Resolution: Move Beyond Left And Right

Saturday, January 6th, 2007

India is a land full of ideologues – which according to my definition, describes someone who is so committed to their principles that they treat facts which challenge their ideology with utter contempt. Ideologues, of course, come in all shapes and sizes: we have our commies and our market fundamentalists; liberals and conservatives; Hindu nationalists [...]

What Happened To Government Reform?

Tuesday, January 2nd, 2007

TCA Srinivasa-Raghavan puts Prime Minister Manmohan Singh in the dock: It is also useful to dwell on the imperatives that have been at work. Basically, the public and private thing, for instance in infrastructure, is the result of bad governance. The governments transfer the little money they collect from the cities to the countryside because [...]

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