Economic Perspectives

Neoliberal anti-populism

ADVOCATES of neoliberalism not only dress themselves as market fundamentalists but also present themselves as anti-populist. They do not dither when i

Gujarat model: The real story

FOR at least the past one year in India, much has been made of the “Gujarat model of development”, and the media have widely projected the idea that t

The missing honeymoon

WHEN Prime Minister Narendra Modi declared that he had not been given a “honeymoon period” in power, his point seemed to be that the media and

The Argentina debt case

ALMOST everyone now knows that the world of international finance is not a particularly robust one, nor is it particularly just or fair. But it has ju

FL27MODIANDCHINA

C.P. Chandrasekhar

Chinese dreams

A GOVERNMENT with a definitive mandate is in place. A show of decisiveness is visible: concentration of policy powers in the Prime Minister’s Office (

Threat from big pharma

IN a move that is proving controversial, the United States pharmaceuticals giant Pfizer has advanced a $100-billion-plus takeover bid for the British

C.P. Chandrasekhar

Modi & constraints of democracy

ELECTIONS 2014 are remarkable for a number of reasons. The most remarkable is that the Bharatiya Janata Party (BJP) and the opposition Nationa

More stories from Economy

People walk past a branch of China Minsheng Bank in Beijing, June 27, 2013. The funding crunch prompted by China's central bank was meant to teach a lesson to the Chinese banks that continue to embrace risky lending tactics. A look at the funding and loan figures at mid-sized lender China Minsheng Banking Corp. helps explain why the People's Bank of China (PBOC) made its move. REUTERS/Jason Lee (CHINA - Tags: BUSINESS POLITICS)

Financial strains in the “new” China

EARLY in March, the largest private steel producer in China, Shanxi Haixin Iron and Steel Group, defaulted on loans from Minsheng Bank estimated at 20

Mumbai: RBI Governor Raghuram Rajan after a RBI credit policy review meeting in Mumbai on Wednesday. PTI Photo by Shashank Parade(PTI12_18_2013_000063B)

No method in this confusion

RESERVE Bank of India Governor Raghuram Rajan faces a greater challenge than that confronting his peers. Having taken office when the task of dealing

HYDERABAD (AP) -02-05-2011 ** RBI MONETARY REVIEW ** - The Reserve Bank of India will announce the annual monetary review on May 3 , 2011 , by the Governor Mr. D. Subba Rao , that may be the last of his dispensation as he retires in a few months . -PHOTO: P.V.SIVAKUMAR .

Black and grey

IN a move that seemed innocuous at first, the Reserve Bank of India (RBI) announced, on January 22, its decision to withdraw from circulation currency

FILE - In this May 26, 2010 file photo, staff members work on the production line at the Foxconn complex in the southern Chinese city of Shenzhen, southern China. A pledge reported Thursday, March 29, 2012 by the manufacturer of Apple's iPhones and iPads to limit work hours at its factories in China could force other global corporations to hike pay for Chinese workers who produce the world's consumer electronics, toys and other goods. Foxconn Technology's promise comes as Beijing is pushing foreign companies to share more of their revenues with Chinese employees. (AP Photo/Kin Cheung, File)

The more things change…

BY all accounts the geography of global manufacturing has changed, with China in particular and developing countries in general accounting for a high

Kolkata: Reserve Bank Governor Raghuram Rajan speaks during the 5th National Conference on Leadership in Kolkata on Wednesday. PTI Photo by Ashok Bhaumik(PTI12_11_2013_000176A)

Ruling dilemma

ON December 12, two sets of just-released official economic indices caught the media headlines. One was that the lead indicator of industrial growth,