What does the Narendra Modi Government mean for the Indian Economy?

What does the Narendra Modi Government mean for the Indian Economy?

Posted by: on Jul 23, 2014 | No Comments

“India has won. Good times ahead.”

This is what Narendra Modi tweeted when his party achieved an irrefutable lead in the elections earlier this year. Now that Modi has formed his government at the centre, what does the new government have in store for the third largest economy in Asia?

What Does 2014 Have in Store for the Indian Economy?

What Does 2014 Have in Store for the Indian Economy?

Posted by: on Mar 26, 2014 | No Comments

While presenting the interim budget for fiscal 2014-15, Finance Minister P. Chidambaram said in the Lok Sabha, “I wonder how many have noted the fact that India’s economy, in terms of the size of its GDP, is the 11th largest in the world. There are great things in store.”

In India, ‘Economic Equality’ Continues to be Just Arm-Chair Idealism

In India, ‘Economic Equality’ Continues to be Just Arm-Chair Idealism

Posted by: on Mar 15, 2013 | No Comments

“Inequality in India has grown faster in the last 10-12 years than in any other time in our history since the colonial raj.”

–          P. Sainath, Senior Journalist and Rural Affairs Editor, The Hindu

We have all heard a lot of talk about the need for “inclusive growth” in India, especially in the last few years – ever since the powers that have had to face the deafening “anti-corruption” music, what with a barrage of multi-million dollar scams being exposed every other day by the increasingly activist television media of the country. One could ask – wasn’t that exactly what we set out to achieve more than 60 years ago? Wasn’t that the whole point of fighting the colonialists tooth and nail for freedom? Doesn’t political independence entail socio-economic independence too? The fact is – economic equality has become a victim of malevolent, ill-conceived, unnecessary, and overzealous government intervention into the economic lives of the people of the union.

Foreign Direct Investments in the Indian Economy

Posted by: on Feb 20, 2013 | One Comment

In the pre-liberalization era, Foreign Direct Investments (FDIs) into India were plagued by several restrictions. This included ceilings on foreign equity, restrictions on the use of brand names, restrictions on the expansion of investments into consumer goods and several others. To add to the miseries was the Industrial Licensing System. In 1991, many of these impositions were either abandoned or significantly eased, paving the way for FDIs to boost India’s economic growth.

India to Slide from Position of Second Fastest Growing Economy

India to Slide from Position of Second Fastest Growing Economy

Posted by: on Feb 19, 2013 | One Comment

The Asian Tiger seems to be getting into the crouching position again. It seems to be moving further and further away from the Dragon. While her neighbour China continues to rule the roost, India has moved down from its prestigious position as the world’s second fastest growing economy. According to the International Monetary Fund (IMF), India’s growth in 2012 will be reported at 4.5%. This is disappointing, since we were all out to cheer for the country surpassing its larger neighbour in terms of economic growth.

Why Governments Fail?

Posted by: on Dec 21, 2012 | One Comment

When one is in office one has no idea how damnable things can feel to the ordinary rank and profile of the public – Sir Winston Churchill

Government isn’t the solution; government is the problem – Old slogan of the Libertarian Party of the USA

Feeling good about the government is like looking on the bright side of any catastrophe. When you quit looking on the bright side, the catastrophe is still there – P.J. O’Rourke

Why do governments perform poorly? Why do government actions have consequences which are the opposite of the intended objectives? Why are government forays into business abysmal failures? Why is the government record pathetic in controlling crime and terrorism? Why when the government administers justice, the horrendous delays negate the concept of justice? Why are government budgets perpetually in deficit and countries eternally in debt? Why are governments constantly looking for increased revenues and forever increasing taxes? Why are government actions hallmarks of ineptitude and inefficiency? Why is corruption endemic?….Why?

Why India and Nepal Rank Low in Economic Freedom Index

Why India and Nepal Rank Low in Economic Freedom Index

Posted by: on Dec 10, 2012 | 6 Comments

On the face of it, economic freedom is a simple concept. However, it encompasses every aspect of an individual’s life. Economic freedom defines the standard of living and has a significant influence on the quality of life.

Some of the Best Casinos Across the Globe

Some of the Best Casinos Across the Globe

Posted by: on Oct 30, 2012 | One Comment

Prior to the worldwide economic downturn, the global casino industry was surging ahead, seemingly unstoppable. Growth records were set between 2004 and 2008, with gross gaming revenues jumping 24% during these four years to US$358.0 billion.

Go Goa!!!

Posted by: on Aug 16, 2012 | No Comments

Which city has the highest per capita income? Some would say New Delhi. After all, it is the capital of the country. Maybe you would think Mumbai – the business capital of India. No, it is neither. You may be surprised to know that Goa has the highest per capita income, according to a report released by the Ministry of Statistics and Programme Implementation in May 2012. With its per capita income at Rs. 1,92,652, Goa is way ahead of the national average of Rs. 60,972 (more than three times the national average figure!).

Go Goa!!!

Posted by: on Aug 16, 2012 | No Comments

Which city has the highest per capita income? Some would say New Delhi. After all, it is the capital of the country. Maybe you would think Mumbai – the business capital of India. No, it is neither. You may be surprised to know that Goa has the highest per capita income, according to a report released by the Ministry of Statistics and Programme Implementation in May 2012. With its per capita income at Rs. 1,92,652, Goa is way ahead of the national average of Rs. 60,972 (more than three times the national average figure!).