As per Angus Maddison’s pioneering OECD study, India and China had nearly 50 percent of the global GDP as late as the1820‘s.1 Hence, India and China are not emerging or rising powers. They are merely retrieving their original position
As per Angus Maddison’s pioneering OECD study, India and China had nearly 50 percent of the global GDP as late as the1820‘s.1 Hence, India and China are not emerging or rising powers. They are merely retrieving their original position
Mr.Narendra Modi is perceived as a tough Prime Minister who will take tough decisions. He is also seen as one who will even take harsh decisions if need be. In the run up to his government’s first budget, Mr Modi reinforced this image by warni
Prime Minister Narendra Modi was voted into power on the basis of some very clear ideas and promises of getting the economy back on track, creating lots of jobs and on making India an easier place to do business for both Indian and foreign companies
US stocks reach all-time high as government shuts down George Orwell is reported to have remarked famously that telling the truth would be a revolutionary at a time of universal deceit. It cannot be more apt than now when financial markets
Up to the election of 2004, it was ‘India Shining’ all the way. Glasnost and Perestroika had removed the Soviet Union as a serious player on the world stage and the new Russia had not yet taken root. Rajiv Gandhi had come to power riding a wave
Paul Theroux in his book, ‘Riding The Iron Rooster’ has made some fascinating comments on China which can help us in trying to understand why China is today an economic power-house and India is still struggling. This book was written in 1988 an
List 2 of the Seventh Schedule of the Constitution, which gives the exclusive jurisdiction of the States, in Entry 18 reads, “ Land, that is to say, rights in or over land, land tenures including the relation of landlord and tenant and the collec
India’s budget deficit is hardcoded into its left-liberal intellectual discourse. Most intelligent Indians comfortably straddle the views that government is corrupt, venal and inefficient and that more government spending is the answer to all devel
One of the favourite whipping boys of economists with a free market bias, neo-liberals, businessmen and ultra conservative right wing politicians is the question of subsidies. The whole economic scenario in India is said to be vitiated by subsidies
India unveiled its new pan-India Consumer Price Index (CPI) in February 2012. With the release of the index figures for January, it is possible to compute annual inflation rates based on the new all-India CPI. The headline inflation rate based on thi