Is India Beginning to Recognise the Power of the Invisible Hand?
The Indian Economic Survey was released in January as a prelude to the Union Budget for 2020. In the report, Chief Economic Advisor (CEA) Krishnamurthy Subramanian has suggested several solutions to boost the Indian economy. This comes in highly challenging
Can Tax Cuts Revive the Indian Economy in 2020?
The Indian economy dipped close to 6-year lows in the July-September quarter, touching 4.5%. In fact, following a glorious run in 2018, the economy struggled through 2019, with the three key drivers of economic growth, investment, consumption and exports, declining. Both
Indian Government on Privatisation Spree: Too Little, Too Late?
The global economic slowdown has reached Indian shores. Almost every major financial institution has slashed the country’s growth forecast. In October, the IMF revised its GDP growth forecast for fiscal 2019 from 7% to 6.1%. If that wasn’t
What’s the Deal with the Brexit Deal?
Read the first article of this series here: In the Name of Freedom – Is Britain Choosing an Increase in Regulations
The UK is eager to arrive at a deal with the EU before it finally exits the single market. Lawmakers have voted in favor of a Brexit
Brexit: In the Name of Freedom, Is Britain Choosing an Increase in Regulations?
Is it a coincidence that Brexit is slated for Halloween? Or have they chosen the date appropriately to warn UK citizens of how scary it’s going to be? There is no simple answer anymore, to this snowballing dilemma. But here’s a look at why this was doomed to be a huge mess right
Can the Casino Industry Help Revive the Greek Economy?
The Greek city of Athens is witnessing an investor boom, with the construction of hip new hotels from leading names dotting the skyline. After plunging more than 40% in 2010, property prices are gradually trending upward, and stability is returning. This
Global Casino Giants Looking to Get a Slice of Japan’s IR Market
Over the past few years, Asian markets have become prominent hubs of the Integrated Resort (IR) business model. IRs are complex resorts offering diverse leisure activities, right from huge hotels to entertainment facilities like fun shows, shopping malls,
Brexit Curbs Freedom of Movement: What’s the Economic Impact?
For years, people in the UK have been fed a steady stream of media stories and statements by politicians regarding the dangers of unrestricted migration. So much so that most people believe migration from the EU into the UK is
Step Aside, Bureaucrats, And Make Way for Progress
We have seen markets fail, right? Some are quick to site such instances and proclaim the benefits of government regulation. However, government failure is often hidden and only a handful of people seem to be
Rakesh Wadhwa. Ever since, I was a school boy, I knew India was on the wrong path. Socialism was just not what we needed to get ahead. Government controlled our travel; government controlled our ability to buy and sell; and government controlled our freedom to move our money. My life has focused on the inherent rights people have. When I was in college, I never understood, what the governments meant by their "socialistic attitude". If people are free to buy, sell and move their capital themselves without any restrictions by state, then the welfare of people is inevitable & hence the countries they live in will become wealthy. The government has no right whatsoever, to point a finger at me or my business. I am not a revolutionary. I just want to light up my cigarette and not get nagged about it. I believe in non-interfering attitude to attain more. 
The Bastiat Award is a journalism award, given annually by the International Policy Network, London. Bastiat Prize entries are judged on intellectual content, the persuasiveness of the language used and the type of publication in which they appear. Rakesh Wadhwa won the 3rd prize (a cash award of $1,000 and a candlestick), in 2006.
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