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Economy
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
Preoccupations
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
Column
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
Column
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
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 (
Global mergers
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
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
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
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
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
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,
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