India Insight

from MacroScope:

Weak growth may force India’s central bank to reconsider inflation focus

September 1, 2015

Reserve Bank of India Governor Raghuram Rajan speaks to The Economic Club of New York, in midtown ManhattanFor all its single-minded focus on lowering inflation, India's central bank may be forced to acknowledge slowing growth in Asia's third largest economy by cutting interest rates -- probably faster than it expected.

India can become world’s fifth-largest economy by decade’s end: Jim O’Neill

March 3, 2015

Goldman Sachs Asset Management Chairman Jim O'Neill speaks during the Reuters Investment Outlook Summit in LondonJim O’Neill, who coined the term BRICs to highlight emerging economic powerhouses Brazil, Russia, India and China, said India’s budget lacked a “wow” factor but was good enough to push the country on a path of 8 percent growth or more “for a long time”.

Has India squandered its English advantage?

April 19, 2011

When the British were finally expelled from India in 1947, driven out of a country scarred by decades of imperialist rule, they left at least one parting gift: a linguistic legacy that has formed a crucial ingredient in the country’s economic miracle.

from Chrystia Freeland:

The Mumbai consensus

By Chrystia Freeland
October 22, 2010

They call economics the dismal science, but Larry Summers, one of its pre-eminent public practitioners, is anything but dull. That penchant for intellectual controversy means he hasn’t always won popularity contests, but he is unfailingly stimulating, as he proved in a speech in India last week, when he hit on one of the biggest issues in the world economy today, and coined a snappy catch-phrase to describe it: the “Mumbai Consensus”.

Tony Blair says India to be ‘one of the key leading powers of the world’

September 11, 2010

Forced to cancel book-signing events in his own country due to the threat of being pelted by eggs by anti-war protestors, former British Prime Minister Tony Blair took the publicity tour for his newly-released memoirs to India with an interview with the Times of India on Saturday.

Crude realities for India’s economy

June 23, 2008

sg1.JPGOnly last year Indian policymakers were showing off the strong fundamentals of the economy to the world and pressing for a seat at the high table of global fora. Everything was going well — high growth, a surging stockmarket and a lot of attention from global investors attention.

India’s Advani needs help on “money matters”

June 3, 2008

India’s main opposition Bharatiya Janata Party (BJP) leader L. K. Advani speaks during a news conference in the northern city of Chandigarh December 30, 2007. REUTERS/Ajay Verma (INDIA)India’s 80-year-old opposition leader says he needs help on “money matters”.