What’s Troubling India?

India’s recent fall from macroeconomic grace is a lamentable turn of events. After many years of outperformance, GDP growth has slowed sharply. Annual output will most likely rise by less than 5% this year, down from 6.8% in 2011 and 10.1% in 2010. Reform has stalled amid profound political paralysis. All of the major emerging […]

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India’s Reforms of Decade Must Work Now or Die

Sitting in the study of the prime ministerial bungalow in New Delhi, surrounded by manicured lawns and palm trees, Indian leader Manmohan Singh and his soon-to-be finance minister Palaniappan Chidambaram pored over plans late into the evening to stem a growing sense of crisis. Singh, the 80-year-old soft-spoken architect of the country’s economic opening two […]

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Rejigged Again

AS WITH comedy, timing matters when delivering a political punchline. On October 28th India’s prime minister, Manmohan Singh, at last reshuffled his cabinet. It was long overdue, made necessary by the departure in September of a coalition ally, and more generally by the growing sense, over several months, of a government adrift: dominated by aged […]

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Indian Companies Are America-Bound

The southern Indian city of Hyderabad is home to the 500-year-old Chilkur Balaji Temple, which features a statue of Lord Vishnu, the Hindu deity. The monument has become a magnet for workers such as Ravi Shanker, who seek divine help in securing a work permit from Washington, D.C. Shanker, who lives in Bangalore, works for […]

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India Gets A New Foreign Minister

Salman Khurshid was India‘s new external affairs minister as Prime Minister Manmohan Singh on Sunday effected a major revamp of his council of ministers, inducting 22 faces, including seven of cabinet rank, in what is said to be the last major ministerial shuffle before the 2014 general elections. Congress general secretary Rahul Gandhi did not join […]

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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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