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Growth based on a bad idea

India’s embrace of growth echoes a 1991 memo issued by Lawrence Summers, who was then with the World Bank. The memo, then roundly condemned, cynically argued for pursuit of growth to the exclusion of other human concerns. »

Rate cuts a double-edged sword

Any attempt to revive growth through interest rate cuts will simply return the organised economy to highly inflationary, speculation-driven economic expansion. »

That non-starter called BRICS

It is India's turn to host BRICS leaders this year. BRICS remains an acronym hoping to acquire a life of its own. Its constituents cling to grandiose visions at a time when regional formations all over are in crises.. »

Jaipur LitFest as Spectacle

At the Jaipur Literary Festival, ‘the Greatest Literary Show on Earth', the writer was on display like a cricketer bathed in IPL floodlights. Its seriousness was trivialised, in typically Indian style. »

End of an era of export-led growth?

The Euro Zone crisis could mark the end of a paradigm adopted by the East Asian ‘Tigers', and later, China. »

Limits to growth in India, China

Both China and India have been riding a tiger that is the real estate sector. »

Looking for new world order

While EU teeters on the verge of collapse, a self-confident India seeks a new world order. India flirts with everyone, hoping to squeeze into some club. It is perhaps yet to realise that a new world could emerge from a new way of thinking. »

Emptiness of public discourse

The government speaks of policies and promises in a language that is generally devoid of ethical context or content. Its language has become a kind of Orwellian trap. »

All that din on Lokpal Bill

The provisions of the Jan Lokpal Bill threaten that constitutional democracy which holds the nation together. If Anna Hazare has to gain the ground he never had, he ought to start from where corruption really hurts: Village India. »

Risk-averse banks in a time of slowdown

The Reserve Bank of India's diagnosis of the Indian banking sector's health, contained in its recently released Financial Stability Report, the fourth in the series, is an odd mix of frankness and... »
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