February 28, 2012
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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.
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February 14, 2012
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. »
February 7, 2012
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.. »
January 31, 2012
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.
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January 25, 2012
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.
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January 17, 2012
Limits to growth in India, China
Both China and India have been riding a tiger that is the real estate sector.
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January 10, 2012
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. »
January 3, 2012
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. »
December 27, 2011
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.
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December 26, 2011
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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