India Insight

Deficit? What deficit? India makes a golden version of everything

August 2, 2013

(Any opinions expressed here are those of the author and not of Thomson Reuters)

Indians use gold for all sorts of things. As the world’s biggest gold consumer, its citizens use coins, bars and jewellery  as gifts, dowries and investments that are literally more solid than a share in a company. The ill effect that this has on India’s current account deficit has led the government to try to curb demand.  Here are a few examples of demand that nobody can seem to curb.

India’s busy Auto Expo and the risk of an industry believing its own publicity

January 7, 2012

After fighting through the sea of camera-wielding car enthusiasts clutching their bags filled with corporate gifts to meet with Anand Mahindra, vice-chairman of the Mahindra group, it was difficult to argue with his rosy view of India’s car industry.

Indian dilemma — To Nano or not to Nano

March 18, 2009

I was stuck in a traffic jam on one of New Delhi’s busiest roads, taking in the sights and smells of vehicles idling in all directions, when my cab driver turned to me and asked — “Are you going to buy the Tata Nano?”