Bijoy Mohan explores the new NRI paradigm :
The phrase “economic opportunity” is frequently used in economic discussions, but within India, it has always had a somewhat nebulous meaning. For generations, the opportunities open to citizens were determined by a socially stratified “caste” system and one’s place within it, which was itself determined by birth. A [...]
Archive for the 'Economy' Category
Opportunities in India : The NRI paradigm
Published by January 26th, 2010 in Business, Capitalism, Economy and India. 0 CommentsRecessions and B-school placements
Published by December 23rd, 2009 in Economy and Education. 0 CommentsPartha gives a very personal first-hand account of what he went through in trying to get placed from campus at the business school he studied in:
There was one time though, when I was scared. That was when I was sitting in the waiting room for my day to start on the day I got placed. [...]
How to tell if the economy is bad using Sports Illustrated cover swimsuits
Published by December 4th, 2009 in Economy and Humour. 1 CommentDastard has this hilarious compilation of alternate indexes to use when in doubt if the economy is really as bad as you think:
Sports Illustrated Swimsuit Issue Indicator – the Bespoke investment group noted that in general, when the nationality of the swimsuit cover was American, the stocks on S&P 500 fared better than when the [...]
India had never had it so good
Published by November 25th, 2009 in Development, Economy and India. 2 CommentsHop over to Sudhir’s blog to find the optimism about India Inc. brimming at its tees:
If we look at the stock exchange, the sensex is healthy largely to the FII. It is a tribute to our industry that they have been giving very great Quarterly results making investments attractive. I was pleasantly surprised to listen [...]
Agriculture economics and the blame game
Published by November 18th, 2009 in Development, Economy, Food, Government and Regulation. 0 CommentsSugandha has a point by point criticism of why the finance minister is pointing fingers at the wrong “inefficiencies of the farm market” while addressing the sharp rise in food prices:
The food policy has so far been characterized by various kinds of input subsidies. The problem is that, unlike support for extension of irrigation or [...]
Expensive malls, cheap products?
Published by October 23rd, 2009 in Business, Capitalism, Consumer, Economy, Environment and Globalisation. 3 CommentsBhagwad thinks malls are expensive, but very little of the money spent there goes to the employees. And then he says products sold at malls are ‘profitable because we don’t pay the full cost of products from the mine to the dump’. Now, which is true? That the malls are expensive or the products are [...]
Sandhya Krishnan talks about it, after having ‘written enough cover letters and resumes to reach the moon’:
Phase 3: ‘Everything happens for the best’
By now, it has been 3-4 months since your last working day. You have slowly begun to accept the fact that the job market really IS bad. You have also attended some job [...]
India and HDI ranking
Published by October 8th, 2009 in Democracy, Development, Economy, Education, Health, Human Rights and India. 4 CommentsLekhni is ‘rapidly coming to the conclusion that 15 minutes of fame’ is all the UNDP’s Human Development Index list deserves:
But the last part is the best – the report says they take an average of life expectancy and literacy and GDP, and compute the average HDI for that country.
This means that if you have, [...]
Rich and Healthy in India….
Published by September 5th, 2009 in Capitalism, Economy, Health and India. 1 CommentEven as the USA continues to debate health care reform, Colin, a die hard capitalist ideologue based in Washington DC basing his hypothesis on a Salon article,suggests that perhaps the country that ought to most closely studied by the Obama administration is India, which has taken a much more free market approach.
He quotes Aruna Viswanatha, [...]
Grow local, sell local at Himachal Pradesh
Published by September 2nd, 2009 in Economy and Government. 0 CommentsNityin has discovered that it is much better for him to sell the apples from his farm locally in Himachal Pradesh rather than be at the mercy of the traders in Delhi:
Delhi traders have exploited the growers for long. Till date, how apple is sold in Delhi is still a mystery. The buyers speak in [...]
Veteran fund manager, Sandip Sabharwal, believes equity markets are ripe for a correction:
I have been expecting a correction for some time, a correction of the magnitude that i visualised did happen post the Union Budget. Although in value terms it did correct almost to the extent of 15-20% from the top that i had expected [...]
Mayawati statues
Published by July 12th, 2009 in Caste, Dalit, Development, Economy, Government, India and Politics. 7 CommentsWhile Ranjeet ‘praises’ Mayawati for installing statues in UP and has some more suggestions for her,
1) You also remove existing statues of un-important people like Gandhiji etc and install your own huge ones (I mean statues) there.
2) Why not also introduce an entire chapter in the history books of school children dedicated to you?
Aditi Phadnis [...]
Lohia and the ‘People’s Movement Left’
Published by June 18th, 2009 in Activism, Capitalism, Caste, Democracy, Development, Economy, History, Politics, Science & Technology and Theory. 0 CommentsAmit Basole evaluates Lohia in a ‘time of crisis’ in the Indian left movements:
Along with the question of Eurocentrism, the question of the type of economic development was Lohia’s most fundamental theoretical challenge to Marxism. Marxists have been by and large unwilling to confront the possibility that industrialism and not capitalism may be the primary [...]
‘Politics will become even less accountable’
Published by June 15th, 2009 in Democracy, Economy, Policy and Politics. 1 CommentVipul Tripathi asks: is there a way of getting more women into politics that will get everyone’s support?
There are voices both in support and opposition.
Those supporting the move just have to point to India’s position on the gender-related development index (GDI) — 138 among 156 countries.
Nearly everyone says more women are needed in the legislatures. [...]
‘Mistaken Macroeconomics’
Published by June 13th, 2009 in Development, Economy, Government, India and Policy. 0 CommentsDr.Subroto Roy writes an open letter to the Prime Minister:
What, at the outset, is supposed to be measured when we speak of “growth”? Indian businessmen and their media friends seem to think “growth” refers to something like nominal earnings before tax for the organised corporate sector, or any unspecified number that can be sold to [...]
The grime of development
Published by June 9th, 2009 in Development, Economy, Poverty and Regulation. 0 CommentsMost of the units are covered with a layer of black grime, a combination of dust, oil and some unknown substance. Chemicals are strewn all over the place and the air in these factories feels heavy with fumes from machines.
This is not a scene from a Dickens novel, but is in fact the real status [...]
One world, different crises
Published by May 29th, 2009 in Capitalism, Development, Economy, India, Regulation and World. 0 CommentsWhy has the global financial crisis not generated any ‘existential angst about capitalism’ or any ’serious questioning of the role of the market’ in developing countries like India, unlike in the west? Arvind Subramanian offers some great insights:
There is a gradual realization that the diagnostic spotlight must shine on the revolving door between Wall Street [...]
Why the Green Revolution wasn’t such a blessing
Published by May 28th, 2009 in Caste, Dalit, Development, Economy, History, Indiaspora, Politics, Prejudice, Religion and Violence. 0 CommentsVidya Bhushan Rawat looks at the roots of the current conflict in Punjab:
Problem is in our perception about Punjab as a casteless society where Sikhism grew. The fact is that inspite of great preaching in the Guru Granth Saheb and their own sacrifices, the leadership that emerged in Punjab is upper caste dominated feudal Sikhs. [...]
Obama and outsourcing
Published by May 25th, 2009 in Business, Economy, Globalisation, IT, Policy, Politics, Regulation and World. 0 CommentsJoyeeta Biswas looks at Obama’s new policy initiatives on curbing outsourcing:
And even at one fifth of the salary of the American workers, Indian workers in the IT and BPO services still account for 5-7% of India’s GDP, bringing about a huge impact on cities such as Bangalore, the centre of the industry. Needless to say, [...]
Indian economy: Finest hour ahead?
Published by May 20th, 2009 in Business, Economy, India and World. 0 CommentsEdward Hugh asks: is the Indian economy heading for its finest hour?
Many are called, but few are chosen, as the saying goes. But could it just be that this time around, and on a one-off, never to be repeated basis, India might find itself right there in the midst of things, with a 50-50 opportunity [...]
Statism or the Market?
Published by May 13th, 2009 in Capitalism, Dalit, Democracy, Economy, General Elections 2009, Government and Politics. 0 CommentsSauvik Chakraverti suggests the only hope for the Dalits lies in the market:
Yet, if you search the archives of the Dalit website dedicated to Dr. BR Ambedkar, you will find my old article “Caste and the Market Economy” that argues urbanization and globalization are in the best interests of the lower castes. That is, the [...]
Do the poor matter?
Published by May 13th, 2009 in Democracy, Development, Economy, Education, Food, General Elections 2009, Health, Human Rights, India, Politics and Poverty. 1 CommentAdnan talks to Panditji and Aslam:
Aslam has also his share of problems. “If I manage to sell groundnut worth Rs 150, then I save Rs 40-60 per day but that’s not enough to meet my expenses”. On bad days he makes Rs 30.
He has a wife and a young kid. Wife makes carry bags out [...]
The ‘Bangalore model’
Published by March 27th, 2009 in Capitalism, Culture, Economy and Globalisation. 0 CommentsInteresting post by SocProf at the Golbal Sociology blog on the growth of global cities and other places in the South:
At the same time, the authors show how Bangalore (the global city in which they did their fieldwork) also illustrates the process of universalization of the particular as the “Bangalore model” is adopted by other [...]
No thanks to Mamata
Published by March 26th, 2009 in Business, Democracy, Development, Economy, Law and order and Poverty. 0 CommentsOf course, how can someone mention the Tata Nano and not talk about Bengal’s saviour Mamata Banerjee:
In the end, the market prevailed. Tata built its car in Gujarat and now a whole generation of people will be able to own their own cars and the freedom of movement that entails. Additionally, people with the Nano [...]
Rajeev Chandrasekhar’s blog
Published by March 24th, 2009 in Democracy, Economy, General Elections 2009, India and Politics. 0 CommentsRajeev Chandrasekhar, independent member of the Rajya Sabha, head of Jupiter Capital (and formerly of BPL Mobile) blogs here.
The latest post discusses the coming elections:
All this indicates that elections 2009 could be an inflection point for our country. We are probably entering new political age – a period of transition, uncertainty and possible volatility for [...]
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