The Indian Economy Blog

Archive for the 'Growth' Category

A Great Disruptor

Friday, January 25th, 2008

The Tata Nano has been one of those products you just cannot ignore. While it got media coverage around the world, the reactions, though mixed, flowed easily. On the one hand there has been pride in the “World’s cheapest” tag, as a great achievement for Indian industry. The “People’s Car” tag has been well received [...]

Oil Pricing in India

Saturday, January 5th, 2008

The crude oil prices have finally touched $100 per barrel – a psychological barrier and a statistical inanity. The composition of Indian crude basket represents average of Oman & Dubai for sour grades and Brent (dated) for sweet grade in the ratio of 59.8:40.2 since April 2006. The Indian crude basket has touched a high [...]

Feeling Good About Indian Economy

Sunday, December 23rd, 2007

As another year draws to an end, extracts from two speeches delivered this year — one by an ex-finance minister (who happens to be the current Prime Minister) and another by the current Finance Minister. Both the speeches were delivered to a foreign audience and the extracts reproduced here cover only the hard facts, not [...]

The Rise And Rise Of The Rupee, Or How To Screech A Galloping Elephant To A Halt Atop Of A Dollar Bill

Friday, December 21st, 2007

Well my advice on this one – the galloping elephant part (you know, we’ve had the Tigers, the Lynxes, and the Giant Panda, and now its the turn of the Thundering Elephant to lead the global economy onwards and upward) – is not to try it. The very least that could happen is you get [...]

The Economist On India

Wednesday, December 19th, 2007

Well, here I am, hard at it trying to write a review for this blog of the latest Economist Intelligence Unit country risk report on India (which, worry not, will follow in due course) and what I find myself doing is revving-up on all cylinders to come back and point out some of the facts [...]

Contrasting Chinese And Indian Oligarchy

Saturday, December 15th, 2007

Renowned Australian author and economist Stewart Klegg brings a new angle to the India and China debate. He is scathing in his criticism of the Chinese state apparatus while claiming that there are enormous distortions in the Indian growth model due to a small oligarchy atop the system. India is often compared with China. But [...]

A Japanese Model for Indian IT Companies

Monday, November 26th, 2007

…to counter the rising rupee. Professor Kaushik Basu of the Cornell University believes that the rise of the rupee against the dollar is inevitable in the mid-term. He also believes that the sudden collapse of the dollar is unlikely but there is not much that India can do to alter the current dynamics of exchange [...]

Jammu & Kashmir: the readymade SEZ

Thursday, November 15th, 2007

One of the criticisms leveled against India’s SEZ policy is that the zones are too small to make a real difference. But there’s a very big zone that could be an SEZ, especially if the state’s politicians—who are all for ‘autonomy’—decided economic freedom is something that is well in their capacity to achieve. And set [...]

On Tehelka’s Dissing Of Vibrant Gujarat

Thursday, November 8th, 2007

In a series of seven short posts over at The Acorn I show how Tehelka juggled facts and figures in order to poke holes into the “Vibrant Gujarat” story. I’m posting the concluding piece of the series here, to summarise where we are at the end of our examination of Shivam Vij’s article. There is [...]

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.

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 [...]

New Insights On Poverty And Life

Wednesday, September 5th, 2007

around the world, again by Hans Gosling. Dont miss it – worth every minute. This talk is a follow up to the previous one (thanks Ajoy for the comment) that we had posted last week. And, thanks to Nikhil, the data is available on the web too. Here it is where it is available at [...]

Indian Roulette

Monday, September 3rd, 2007

This is a game that is being played out in the media for a while now. Pick a number, preferably in percentages, below 93 and above 0. Then, say that number, is the percentage of people who live in dire (or choose your adjective) poverty. Read this post to see how this game has progressed [...]

Towards Building A Domestic Defence Industry

Saturday, September 1st, 2007

The bid for procurement of 126 Medium Multi-Role Combat Aircraft at an estimated cost of Rs. 42,000 crores ($10.2 billion) for the Indian Air Force this week has generated a lot of buzz in the international defence market. The NYT reports that- Determined to build a domestic arms industry, India is requiring foreign suppliers to [...]

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