Indian Firms Reap Bitter Harvest In Africa

Indian companies which invested in controversial deals involving hundreds of thousands of acres of land in Ethiopia have found themselves out of their depth in a fast-growing African economy that is still in the process of building critical transport and irrigation networks. Read Here – The Hindu

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India’s Foreign Minister resigns; Cabinet Reshuffle Likely To Include Young Leaders

The cabinet reshuffle likely this Sunday will include a restructuring of the Congress party as well to prepare for upcoming crucial assembly elections, according to party leaders aware of the developments. The cabinet reshuffle may see a group of young leaders entering government, two Congress leaders said, declining to be named. External affairs minister S.M. Krishna stepped […]

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Coming: Lax Americana

Historian Arnold Toynbee likened America to a ”large, friendly dog in a very small room. Every time it wags its tail, it knocks over something.” More recent chroniclers have not been as charitable. They ascribe to the United States less innocence, and credit it with a more predatory outlook in its pursuit of global domination […]

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As India’s Growth Rates Hit The Buffers, The Poor Are Sinking Beneath A Tide Of Seeming Government indifference to their plight as politicians focus on looking after their cronies. Is it goodbye to the Asian tiger?

India’s remarkable growth figures have, however, successfully masked a far less appealing set of statistics which shows that, despite the success of India’s middle class, when you look at government delivery of basic services to the poor, India has been struggling against being hyphenated less with China than with its more desperate and impoverished neighbours […]

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War In The Time Of Trade

Horrible history can make for poor diplomatic and political tiesdoesn’t always make for bad business. India and China are as good an example of this adage, as China and Japan are too. Henry Kissinger’s book On China begins with a fascinating snippet of what is being discussed fiercely in India these days – a border war 50 years […]

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The Left is Bereft

The latest cover of the Economist, the weekly news magazine that likes to call itself a newspaper, featured inequality, which it believes is the new big problem facing the world at large. Belatedly, the world is finally beginning to acknowledge an endemic problem, which is so anecdotally visible in the new India defined by glitzy malls […]

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Celebrity Economist Rushes to Save India

The first time I met Raghuram Rajan, the Indian economist couldn’t sit still. It was over coffee in Bangkok in November 2008, less than two months after Lehman Brothers Holdings Inc. imploded and almost took the global financial system down with it. Rajan had become a big draw by then, having warned as early as 2005 […]

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Let Grass Roots Decide On Walmart

There is the United States of America and then there is the ‘idea’ of USA that exists in the minds of significant portions of the middle classes all across the globe. How this looks in real life varies slightly according to the region of the world, reflecting specific aspirations and anxieties. In the subcontinent, the […]

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