Category Archives: Economy

Flying on a single engine with clueless pilots in rough weather


That blog title was an attempt to summarize the state of global economy today. The global economy, for a while, is running on a single engine ; that is of US and UK. Euro zone is still struggling and one … Continue reading

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Battle of ideas on India’s future


In the midst of our economic woes in India, two of the world’s leading economists are debating on what the India’s future economic growth model should be. Amartya Sen and Jagadish Bhagwati are two of the eminent economists that India … Continue reading

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Food Inflation in India


Grab any news paper these days and we read about how the inflation is persistent in India, no matter how much the central bank tries to curtail the demand. Most economists argue that supply side economics are playing havoc with … Continue reading

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Breakout Nations


Can India be a breakout nation? is an excellent article about the potential of a country to become a breakout nation, that is to grow at a much faster rate than its peers with similar per-capita income. The factors that the … Continue reading

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Theory of Development


The Big Mac Theory of Development from National Bureau of Economic Research argues that it is not the people but their location that decides their wealth, after adjusting for purchase power parity. An employee in McDonald in India earns 1/3 … Continue reading

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China’s Dilemma


Over the last few weeks the political and economic turmoil that is unfolding in China is creating quit a stir. While many books and articles have predicted an impending political and economic crisis in China, the recent events are only … Continue reading

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Comparing Indian states and territories with countries


Interesting comparison of Indian states and territories with countries by GDP and Population. Economist notes the the extent of progress that still need to be made by India to become a mid-income country.

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India v China: Who grew faster in 2010


It seems that finally India grew faster than China in 2010.Surprisingly it happened without much fanfare. The reasons for this anomaly are even curious to read. Unlike most major economies that calculate GDP by expenditure method, India calculates its GDP … Continue reading

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SuperFreakonomics (by Steven D. Levitt & Stephen J. Dubner)


SuperFreakonomics is a thought provoking sequel to Freaknomics. This book takes forward the core theme from the first book – People respond to incentives in myriad ways. Unlike other books on economics, SuperFreakonomics has no big concepts or frameworks. It … Continue reading

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Graft in India: Rotten to the crore? – The Economist


A scathing article in Economist, Graft in India: Rotten to the crore, sums up the corruption malaise in India. As the economy grows and the income inequalities rise, corruption problem is only getting worse. It is however now new for … Continue reading

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