(I wrote this after my visit to Shanghai and Beijing in May ’10, as part of my MBA program at Duke. I originally circulated it around with friends and other readers with the title “China is at least 2 generations behind the rest”, but that was just needlessly provocative, and incorrect in many respects. Nevertheless, [...]
Archive for the 'Business' Category
A write-up of mine recently appeared in India Abroad and TCS Daily on Montek Singh Ahluwalia’s talk at the Peterson Institute of International Economics, during the PM’s visit in November. Here’s the link.
India’s Underground & Hinterland seem to be the topics du jour :-) In the Wall Street Journal, Peter Wonacott says India Defies Slump, Powered by Growth in Poor Rural States. Rama Lakshmi of the Washington Post said as much last month: Vast Rural India Sparkles As an Expanding Market About 72 percent of India’s billion-plus [...]
After 26/11, Jack Welch pointed out that the attacks posed a question for India in terms of its ability to manage itself. China, although under authoritarian rule, had managed to pull off the Beijing Olympics, and assured safety for investors. India faced that question, post 26/11. Now, with the cancellation of the IPL tournament in [...]
IEB reader Suresh Dalai sends us this thoughtful guest post As with most other places in the world, India is facing a significant economic slowdown that is aggravating an already serious liquidity crisis. The government is finding it increasingly difficult to implement additional fiscal or monetary measures, and as a result, has tried to bring [...]
China threat to Indian IT: a piece in the FT talking about how China may well pose a threat to India’s outsourcing industry, esp given the incentives given by the Chinese government The blogs that barked: How the blogosphere outed the Stanford fraud (in the US and in the Caribbean) before the SEC or mainstream [...]
Are we going to see a sequel to Smoot-Hawley? Richard Fisher, President & CEO of the Federal Reserve Bank of Dallas, tells it like it is. Commenting on C-Span about the “Buy America” provisions in the stimulus package: Protectionism is the crack cocaine of economics. It may provide a high. It’s addictive. And it leads [...]
Some links from the FT’s weekend special on India – Ambitions dimmed but not abandoned: the lead piece, which seems more optimistic than I would have expected – Foreign policy: Craving greater influence: on India’s foreign policy, which offers nothing new for readers of the Acorn. Most readers of the FT don’t read the Acorn. [...]
An interesting map, published by Forbes, detailing corruption across the globe. It’s interesting how the bulk of the world is corrupt, and there is some level of correlation between overall wealth levels and corruption (the wealthy nations are less corrupt – Western Europe, Japan, Australia, North America). It sure as hell doesn’t seem to impact [...]
An article of mine got published on TCS Daily on the evolving political and business landscape in India. The article can be found here. The article is reproduced below as well – The decade and a half following India’s economic reforms of 1990-91 has been an exciting and transformational one for India and its people, [...]
Did you know that the Indian government imposes a cess on indigenously produced crude oil? The Oil Industry Development Act, 1974 based on which the cess is being charged, states that “the cess collected under this provision would be made available to the development of petroleum sector”. The cess was introduced to provide financial assistance [...]
An article of mine got published in the TCS Daily on organized retail in India (The article was first drafted in late ’06- early ’07, so parts of it might appear slightly dated) Here is the link. Some of the comments are interesting. Here are a couple that I thought I should highlight – With around 65% of India’s [...]
Do Indian business houses have cultural advantages that could help them trump their global counterparts? In 1988 the Japanese economy was probably at the peak of its glory period. Many years after moving from a low-income to high-income nation within a generation, a feat unsurpassed in history, Japanese businesses were buying high-profile chunks of corporate [...]
Unorganised and organised retail must coexist and flourish in India… After almost scaring the Tata Motors away from West Bengal, Mamata Bannerjee has now trained her guns on Reliance Retail. Well, Reliance Retail should be used to being targeted by feisty women politicians. Immediately after coming to power in Lucknow, Ms. Mayawati had earlier undertaken a [...]
The government has now announced that it will issue oil bonds worth Rs 94,600 crore in the fiscal year 2008-09. If the revenue collection rises at the same rate, it would be to the tune of around Rs 77,000 crore in 2008-09. The subsidy for kerosene and LPG is at around Rs 3000 crore. So, the government will suffer a net loss of nearly Rs 20,000 crore in providing petroleum products to the citizens of India. Phew! 0.4% of GDP wiped out in one go.