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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Indians Living Abroad Pumped $66.13 Billion Into The Economy Last Year, Compared With Only $46.84 Billion In FDI

Immigrants play vital roles at 4 out of 10 Silicon Valley start-ups, and a third of those immigrants are Indians. But the US isn’t the only one to gain, according to India‘s Hindustan Times. Last year, Indians living abroad pumped $66.13 billion into the economy, compared with only $46.84 billion in foreign direct investment, the paper said. And […]

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The Ghosts Of Khalistan

The recent assassination attempt on Lieutenant-General Kuldip Singh Brar in London is a grim reminder that the ghosts of the Punjab insurgency are still with us so many years after the last shots were fired. Indira Gandhi’s decision to send troops into the Golden Temple in June 1984 — troops Gen. Brar commanded — set […]

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Rising Food Prices Have Sparked Protests In India And Elsewhere In The Developing World. But, According To Humanitarian Group Oxfam, Costs Are Increasing Because Of A New Menace

On Wednesday, tens of thousands of landless farmers lined up in Gwalior, a city in northern India, and started a very long walk. Under a flapping canopy of green-and-white flags, demonstrators from several Indian states vowed to spend the next three weeks marching over 320 km from this fort town to New Delhi. They are […]

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