The Indian Economy Blog

Archive for October, 2007

Life Is Maya

Tuesday, October 30th, 2007

Lalita Aloor Amuthan, who blogs on entrepreneurship at Business World sent us this guest post: I was at the New York aquarium last week, which was somewhat unusual, given that the only fish I like are the ones that come with chips. Even more unusual: I stood in line for thirty minutes to transform myself [...]

Shunning the Military McJobs

Saturday, October 27th, 2007

…how the Indian elite is not paying the burden and cost of its status There are linkages between the larger society and its military subsystem. The military is always in a dilemma – how much to converge so as to absorb the social and political values and pathologies of the civil society and how far [...]

Amit Varma, Champion Of Lightbulbs, Opponent Of Candlemakers

Thursday, October 25th, 2007

Amit Varma, occasional contributor to this blog, India’s foremost blogger and free market fundamentalist, has won the 2007 Bastiat prize in journalism. Most hearty congratulations on winning the golden candlestick! Update (from Prashant): If you’re in the New York city area, SAJA is organizing a casual chilling session with Amit. Try to make it. Date [...]

VAT a success

Wednesday, October 24th, 2007

Uttar Pradesh has fallen in line with the rest of India and implemented VAT. Subhomoy Bhattacharjee writes in the Indian Express on “the biggest success story of Indian public finance“.

Doing Business

Monday, October 22nd, 2007

Got this link from Tim Harfords blog, named, what else, The Undercover Economist. This world bank funded site, aptly named Doing Business, is a guide for evaluating regulations that directly impact economic growth, underlying laws, making cross-country comparisons, and identifying good practice reforms. The site has a lot of downloadable reports, interactive maps, ranking simulators [...]

The Dakshina Kannada Model

Monday, October 22nd, 2007

Everyone talks of the Kerala model, but to the north of Kerala lie two districts called Dakshina Kannada (headquarters: Mangalore) and Udupi, which, if I am not wrong, are doing just as well as, if not better than, Kerala. Actually, they used to be one district before Udupi seceded, so let’s just combine them into the [...]

Let’s Go Pick Some Cherries

Wednesday, October 17th, 2007

Praising Dweep’s post, Pragmatic asks “Where will the demagogues [sic] of right and left seek refuge? Bravo!” I don’t know about the demagogues of the right or left, but this ideologue of the right seeks refuge in logic and data – and he doesn’t cherrypick data to find what suits him. First, Dweep has managed to [...]

Inequality, Globalization, and Economic Growth

Tuesday, October 16th, 2007

YaleGlobal Online has an interesting article by Pranab Bardhan (professor of economics at UCB) that puts economic growth and income inequality in India and China under the scanner. It is notable for being an extremely balanced review of the true link to globalization, but is readable for it tests a number of related arguments.

FYI: Global Social Venture Competition Asia Round

Tuesday, October 16th, 2007

The Global Social Venture Competition (GSVC) is the largest student-run business plan contest in the world, which provides mentoring, exposure and prizes for social ventures from around the world. GSVC started off at the Haas School of Business at Berkeley, and since then, Columbia Business School, Yale School of Management, London Business School and the [...]

An Unappealing Military Career

Monday, October 15th, 2007

A report in the Khaleej Times highlights the unattractive nature of a military career in India; not only for the young aspirants, but also for those who have already served for a significant period in uniform. Officers and men are deserting the Indian armed forces — the second-largest in the world after China — in [...]

When Manekshaw Confronted Indira’s Cabinet

Friday, October 12th, 2007

I then asked her what she wanted me to do.

She said, “I want you to enter Pakistan.”

And I responded, “That means war!”

She said, “I do not mind if it is war.”

“Have you read the Bible?”, I said.

The Foreign Minister, Sardar Swaran Singh asked, “What has Bible got to do with this?”

Urban Indians Love Free Markets & Free Trade

Friday, October 5th, 2007

Ajay Shah has a post on the results of the Pew Institute’s latest survey: They have three key questions that measure economic liberalism, covering attitudes towards international trade, attitudes towards foreign companies and attitudes towards free markets. The results contain many surprises. As an example, in urban India, they find 89% are supportive of international [...]

The Case Against Sethusamudram

Wednesday, October 3rd, 2007

Before the issue of the historicity of the characters in the Ramayana came along to cloud the issue, much of the public debate hovered around political and environmental issues. Neither the commercial viability, nor the putative military strategic benefits, were adequately scrutinised. The commercial case for the project rests on the time and cost saved [...]

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