The Indian Economy Blog

Archive for the 'Miscellaneous' Category

Indicorps Fellowships: Live Simply, And Fully

Thursday, March 12th, 2009

Indicorps, an NGO started by siblings Sonal, Roopal and Anand Shah, is a great way for anyone that wants to learn about the changes occurring in India, and even more, be a part of these changes. Their Grassroots Development Fellowship is open for applications — online application link The deadline is March 15, 2009 (sorry [...]

A Lazy Argument

Thursday, February 5th, 2009

Tying defence expenditure to GDP is no substitute for policy making. India’s defence expenditure this year is pegged at less than 2 per cent of the GDP which is lower than India’s defence spending in 1962 — 2.1 per cent of the GDP. After the Chinese debacle, it jumped to 4.5 per cent in 1964. [...]

The ‘Indian Political Business Complex’

Thursday, October 16th, 2008

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, [...]

Caste And The Gentleman Class

Tuesday, July 15th, 2008

Writing in his latest book A Farewell To Alms UC Davis Professor Gregory Clark provides insight into the possible reasons why the English (and Europeans in general)  are on the whole considered “gentlemanly” and more “polished” (except while watching football, of course). Clark’s reasoning can also be extended to explain why India didn’t develop in [...]

India – Africa Forum Summit

Saturday, April 19th, 2008

The first Africa-India Forum summit was held at New Delhi earlier this month. There were several other events organised on the sidelines of the Summit: the first ever India-Africa Editors Conference, joint performances by Indian and African cultural troupes a seminar of intellectuals from Africa and India on India-Africa Partnership in the 21st century, a [...]

Congratulations To Raj Chetty

Tuesday, January 8th, 2008

Raj Chetty, an associate professor of economics at the University of California, Berkeley, is the winner of the The American magazine’s 2008 Young Economist Award, a research grant of $100,000 provided by the Searle Freedom Trust. … To be eligible for the award, economists have to be featured in the magazine’s bimonthly column entitled “The [...]

Want To Observe Economic Policy-Making First Hand?

Tuesday, January 1st, 2008

The Indian Finance Ministry has launched an internship programme. More details available here – link Sounds fascinating. If you’re interested, apply soon, since the deadline is nigh — 15 Jan. A courtesy salaam to Ajay Shah. Q) Is this the first such internship programme in the Finance Ministry?

Indo-Russian Relations Not “Special”… They Never Were

Sunday, November 25th, 2007

Demolishing the myth of “historical ties” and “strategic partnership that has stood the test of time”. Noted defence analyst Ajai Shukla, in his column for the Business Standard (reproduced on his blog Broadsword ), has highlighted the changing paradigm of the Indo-Russian relationship. He also suggests that India has been unable to come to terms [...]

Pakistan – Emergency & Economy

Sunday, November 4th, 2007

While declaring the emergency on 3 November, the Pakistani President Pervez Musharraf lamented – I am observing that Capital and Business that was flowing into the country is now stopped – they are now questioning whether to invest here or not Pakistan will remain stable. Our economy, the livelihood of our nation which improved over [...]

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?”

Fortune 500 Facts for Indian Businesses

Sunday, September 9th, 2007

Chris Zook, director of global strategy at consulting firm Bain & Co., highlights certain facts from Bain’s analysis of Fortune 500 companies over last two decades. He contends that only one-in-three from the Fortune 500 companies in 1994 survived intact, i.e., without bankruptcy, without acquisition by or integration into another company, or without fundamental changes [...]

IHT – India as Japan’s Client State

Tuesday, August 21st, 2007

Daniel Altman in his IHT blog opines Not so long ago, there were only two countries that collected client states around the world: the United States and the Soviet Union. These days, it seems like anyone with some economic clout can join in the fun. China has Sudan, Venezuela has Bolivia, and now Japan has [...]

Global Military Spending

Saturday, August 18th, 2007

The Military Balance 2007 estimates world military expenditure in 2005 to have been approximately $1.2 trillion. A plausible estimate for current world spending is $1.35 trillion. By contrast, the SIPRI yearbook estimates 2006 world expenditure to have been around $1.2 trillion. The estimates differ largely because The Military Balance relies more heavily on Purchasing Power [...]

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