Dr. Raghuram Rajan is, I believe, a modest man. Recently, he must have been embarrassed to be in the eye of a storm after he announced that he is not open for a second term as Governor of the Reserve Bank of India (RBI). When he assumed office, aged 50, he was so refreshingly different from earlier Governors that some in India went so far as to compare the former Chief Economist of the IMF, and Professor at the University of Chicago Booth School of Business with James Bond! Continue reading
The good news is that things seemed to have improved in the Indian economy as India’s rankings in the Ease of Doing Business quotient has risen from 142 to 130 in 2015. This ranking was conducted by the Word Bank. Clearly the moves made by the Narendra Modi Government seem to have paid off as traditionally this has been an area for concern and a major bottle neck for foreign investment since long. Yes, there is much more that remains to be done but things are moving, one must say, in the right direction. Continue reading
The Modi Government has been in office for about 15 months and it’s time to take stock of what has happened to the Indian economy. Despite having an overwhelming majority in the Lok Sabha, the BJP has been pushed on the back foot because the opposition has better numbers in the Rajya Sabha. Several reform bills have got stuck in the legislative process. Sadly, it appears certain that the monsoon session of Parliament will go down the drain costing approximately Rs 260 crores to the tax payer. Continue reading
A few days ago, my wife and I dined out. It was a quiet celebration. We ordered well but we ordered judiciously. We were conditioned for years in the “waste not, want not” school of thinking.That’s not to say, we didn’t enjoy the meal. Of course we did, but we didn’t over order and we ate everything that we had ordered. Continue reading
No, this post is not about “India Today” the well-known magazine nor have I or anything to do with me featured in it. Recent events have compelled me to, what in the old days would have been called, put pen to paper or bang out on the keyboard, some thoughts on the state of India today. I usually stay away from writing about politics but we are heading towards a terrible mess, and I have to add my two bits to the conversation. Continue reading
* A GDP of around $ 3 trillion
* The 8th largest economy in the world
* 400 people per sq.km
These and more are what T.N. Ninan sees India being in 2020- a decade from now. To readers in India, T.N.Ninan needs no introduction. He was the Editor of the Economic Times and is today the Editor & Publisher of the Business Standard.
India stands transformed in many ways from the times when I grew up here as a kid. The present generation in India might actually be astonished to know that in the 1950s and 1960s, India was perpetually short on food grains. Starvation and hunger were real threats and many lost their lives.
Like every other country in these exciting and demanding times, India too is changing and changing fast. But with economic prosperity comes the danger of burn out or working yourself to illness or worse still- death. A recent report from the Associated Chambers of Commerce & Industry in India ( ASSOCHAM) says work related ailments like heart disease, strokes and diabetes will cost India as much as $ 160 billion between 2009 and 2015.