Narendra Modi and Globalization

India’s Prime Minister Narendra Modi in his latest Davos World Economic Forum speech, which he delivered in Hindi and caused surprise and flurry in delegates who had to reach for their translation headsets quickly, defended globalization and attacked the increasing trend of protectionism around the world, especially in United States under President Donald Trump. Does […]

India is Not an Investment Haven

Decades old investment treaty with foreign governments was scrapped last year by the Modi government. The new treaty, which is offered by the Modi government to foreign investors, is having terms and conditions that give no protection to foreign investors, which is the reason why they are now reluctant to enter the Indian market: Negotiators […]

2.11 lakh crore for PSU Banks to Boost Lending

The finance minister of India Mr. Arun Jaitley announced a bailout package of 2.11 lakh crore (US$ 2.11 Trillion) for the public sector banks of India yesterday saying that this will boost their lending activities, which is right now under pressure because of their huge non-performing assets (default loans). The logic behind boosting lending of […]

Would this Really Reduce Delhi’s Pollution?

With less than two weeks to Diwali, the Supreme Court has banned sale of fireworks in Delhi. As a consequence, traders who had the licenses to sell fireworks will no longer be able to do so. Delhi has massive problems with pollution. The question is: Would Supreme Court’s order help? The court’s order applies only […]

Coalition Governments and Economic Growth in India

Former RBI governor Y V Reddy said that Coalition governments in India have produced better economic growth rates in the last three decades than a strong majority government… Interestingly, the highest growth in India from 1990 to 2014 was really during coalition governments… So, in a way it’s consensus based… in Indian situation, a coalition […]

Narendra Modi Government Faces Economic Reality

The full impact of Narendra Modi government’s economically unsound policies of demonetization, GST as well as lose money policy of RBI in the form of lending cheap artificial credits to insolvent borrowers via commercial banks resulting in huge load of unproductive debt has started to show on the Indian economy. Finance ministry officials are now […]

Killer Roads of India

A recent official report said that, the Indian roads became deadlier than ever in 2016, with a total of 1.51 lakh people dying in 4.81 lakh accidents…This denotes a 3% increase in fatalities over the previous year, even as the number of accidents declined by 4.1%, indicating a rise in the severity of accidents. India […]

The Demonetization Disaster

The exercise of demonetizing around 87% of all circulating currency note supply taken by Narendra Modi and RBI last November has resulted into nothing but overall disaster for the economy. In his televised speech on 8th November, 2016 Narendra Modi talked about three main goals of the whole demonetization exercise, and they were: Curbing financing […]

Is Privacy a Human Right?

Yesterday a 9 judge bench of the Supreme Court of India gave a so-called historic decision of declaring privacy a fundamental human right now enshrined in the article 21 of the Indian constitution. Many are saying that this for the first time that some verdict is given unanimously by the bench 9 judges. This verdict […]

Is Artificial Intelligence Threatening India Inc. Jobs?

A recent news report said that in India The IT services industry alone is set to lose 6.4 lakh low-skilled positions to automation by 2021. Is this true? Let us scrutinize. What is Artificial Intelligence? As Jerry Kaplan, the author of Artificial Intelligence: What Everyone Needs to Know, has said, there is no one all […]