What Does No-Deal Brexit Really Mean for Businesses?
Brexit, a termed coined to denote the exit of Britain from the European Union, is scheduled for March 29, 2019. The decision to leave the EU was made with the meagre majority of merely 51.9% voting in favor of this move. And
Petrol and Diesel Prices in India: A Slippery History and a Fiery Road Ahead
The Indian Government had for several decades controlled the prices of various petroleum products. Under the pretext of “the larger good”, the government had supposedly subsidized the prices of the most important petroleum products, like
What it Takes to Be a Successful Entrepreneur in India
India stands at an interesting juncture. As entrepreneurs, we can rejoice the fact that the country has a huge working-age population. This not only presents businesses with a strong consumer base, but also with a large pool of educated
Can India Hold Her Position as the World’s Fastest Growing Economy?
The Indian economy grew at an impressive rate of 7.7% during the fourth quarter (January to March 2018). India’s GDP growth surged past China’s 6.8% growth recorded for the same quarter.
For FY18 (fiscal year ended March 31, 2018), India’s growth
Trump’s America Takes One Step Forward, Two Steps Back
The US has imposed 25% tariffs on Chinese imports worth $34 billion. Beijing immediately retaliated with tariffs on $34 billion worth of US imports. The Trump administration is working on a second wave of tariffs on Chinese goods
Will Trumponomics Drive America into Another Recession?
The Trump economy received an “important endorsement” from Fed Chairman Jay Power, who said, “The US economy is in great shape…Most people who want to find jobs are finding them,” said an article published by Yahoo Finance on June
India is on the Brink of Unmatched Growth; What’s Holding It Back?
India is an economy whose time has long come. People were yearning for change and emerged with great hope from the shackles of a lethargic and indecisive government. Although progress has been made in the right direction, there are things that are
Are High Taxes Good for the Economy?
Advocates of high taxes are often heard saying that taxes strengthen the nation by funding essential public utilities (like highways and elementary schooling) that benefit citizens and facilitate businesses. On the other hand, free
Allow FDI, in Retail Too!
The inclination of the Modi government is to open India for foreign investment. It is undeniable that Modi has done a masterful job in selling India, abroad. He has rightfully invited one and all to invest in
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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