India has paid a heavy price between 1947 and 1992 in terms of forgone growth and development.
India has paid a heavy price between 1947 and 1992 in terms of forgone growth and development.
That peculiar nursery rhyme, or some distorted version of it…
The accompanying graphs provide an unedifying picture of the possible ?hit? on EU bank capital from banks? portfolio holdings…
The quantitative dimensions of the Eurozone?s sovereign debt problem are depicted in Figure 1. What is tabulated here is…
The current fear in policymaking circles in the EU and US is that, if recognised openly and provided for or…
Sovereign debt issued by the 16 countries comprising the Eurozone…
What Greece points to, as far as the challenge of structural adjustment is concerned, is a fundamental problem that all…
Extraordinary events have unfolded over the last six months. The apparently ?sudden and shocking? discovery of sustained..
It would be tempting (and facile though understandable) to dismiss the principles, aims and objectives of reform (enunciated earlier in…
The reforms of 1991-93 were based on three fundamental principles that were not explicated:
The legacy of command-control, though diminished in impact, has enshrined a sub-optimal mode of economic governance.
India?s economic transformation began in the crucible of the 1991 crisis. It has since progressed in fits and starts. GoI…
What will it take for India to raise its per capita income of just over $1,100 in 2009 to the…
At present the Indian state is (A) a direct player, owner, manager, employer, actor, director, choreographer, producer, scriptwriter, supplier and…
What state-ownership has achieved in India, apart from inefficiency, sub-optimal performance and ineffectuality, is the protection of: petty political and….
GoI and state governments cannot do much about poverty without exacerbating their extremely precarious fiscal and public debt conditions.
July 4th saw fireworks in a recession-hit America that is still contracting. But the Budget on July 6th was a…
A lesson that won?t be learnt is that the world needs India and China to put their currencies on the…