The Indian Economy Blog

Archive for February, 2008

Farmers And Loans

Friday, February 29th, 2008

So the UPA government is set to improve credit availability (and write off loans) for farmers. Laveesh Bhandari tells you why, if improving the livelihood of farmers is a policy goal, the Manmohan Singh and P Chidambaram are barking up the wrong tree. Here lies the crux of the matter. If use of new seeds, [...]

Liberalization? It’s Good For Them, But Not Us

Saturday, February 16th, 2008

Should foreign law firms be allowed into India? No, says Cyril Shroff, Managing Partner of Amarchand Mangaldas, one of India’s largest law firms. Amarchand and other large Indian law firms have benefited immensely from liberalization in India. However, when it comes to opening up the legal sector, here’s Mr Shroff touting shibboleths like a good [...]

On Dumping Tomatoes, Burning Wheat And Leaving Stands Unsold

Thursday, February 14th, 2008

About a month back, I’d written that farmers in Karnataka, when faced with a glut in the tomato crop, elect to throw sack loads of tomatoes on the highways, rather than selling them. During the great depression in America, sack loads of wheat were burnt in order to prevent wheat prices from falling. During the [...]

Capital Investment: The Next Wave of Growth

Saturday, February 9th, 2008

Chandra Kochar, joint managing director and chief financial officer of India’s largest privately owned bank, $80 billion ICICI Bank, is bullish on India growth story. She contends that the growth in India is shifting from consumerism to manufacturing and infrastructure. In the last five to seven years, India has grown on the basis of its [...]

India’s Space Program – An Economy Perspective

Saturday, February 2nd, 2008

The economic benefits of a space program are a continuous source of debate. In India there is the constant suggestion that the thousands of crores spent on ISRO’s adventures should be utilized elsewhere. Here are some thoughts on why a space program makes economic sense. Everyone knows that a space program offers great advantages from [...]

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