Category Archives: Analysis

Did India Leave UK Behind?

After the Indian GDP – in nominal cash terms according to exchange rate adjusted basis – overtook the UK GDP a few months back India’s prime minister Narendra Modi said,  Achieving this spot is special as we have left behind those who ruled over us for 250 years. Another newspaper proclaimed,  The timing couldn’t have […]

On the Relationship of Inflation with Jobs, Equitable Wealth Distribution and Economic Growth

India’s Finance Minister Nirmala Sitharaman at the US-India Business Council’s India Ideas Summit said, Instead of inflation, red-lettered priorities for the country would of course be jobs, equitable wealth distribution and making sure India is moving on the path of growth.  In this essay I am going to discuss the relationship of inflation with jobs, […]

Nationalism is Death

Nationalism is rising in India under the relentless propaganda from the Indian government and its leaders. Such nationalism for India is nothing new. The Congress party under the leadership of Nehru used nationalism against the British colonial rule to win power for themselves. All the policies like import substitution or inward looking of the Nehruvian […]

Will RBI’s Policy Kill US Dollar?

As I have talked in the past, the value of Indian rupee against US dollar continues to decline. Rupee has now hit its historical low level of Rs.80 per dollar. Indians are feeling the heat of the RBI generated inflationary monster.  Against this background the Indian news media have started peddling a thought that somehow […]

Same Old Socialism

Prime minister Narendra Modi’s economic advisory panel has published a report called The State of Inequality in India. This report is prepared by the Institute for Competitiveness. This ironically named institute from Gurgaon has noticed the skewed income distribution of India and suggested the following government’s size enhancing measures,  the Government should launch a guaranteed […]