More economic freedom is the key Source: Economic Times, August 15 India is experiencing a little bit of triumphalism on the 60th anniversary of Independence. That is understandable when one considers its considerable institutional stability and, more recently economic success, compared to the state of affairs in Pakistan and its offshoot Bangladesh. Indian companies are taking over (struggling) British steel-makers and our offshoring prowess generates the respect that comes from fear. As is usually the case with a rising power, its cultural exports (largely Bollywood) have suddenly become attractive. Even the Indian cricket team delivered a series win right on cue. The India-US nuclear deal represents a tough exercise of sovereignty unlike, for instance, Pakistan whose President reportedly had to discuss his plans to impose emergency with US secretary of state Condoleezza Rice. In a mirror image of the debate in this country, the Bush administration is accused of capitulating to India...
Posts
Kerala - Another travelogue D. Dhanuraj I was on a visit to Coimbatore yesterday. i started from Cochin at 7 am in the morning. from Cochin Coimbatore is about 190 Km. Many times, I have covered the distance within five hours (not a bad one in Indian standards). But yesterday it took 6 Hours. I had some work to do there. By the time I reached there it was 1 pm, lunch break time for most of the offices. so I could leisurely enjoy the lunch for an hour. I had to rush through my official business so to leave the city by evening. i started return journey by 5 pm and reached cochin by 11 pm. What i got in Coimbatore to conduct my Business is about 3 hours. I was asking my fellow travellers on this plight. i realised that everyone is cynical in the State these days. They want to protest and make things good but they don't see any ray of hope in the horizon. Ask anyone in the street, they will say they have lost their trust in both coalitions namely LDF and UDF. then came the news; one o...
India, China fail to expand benefits to people, says ADB study India and China account for 64 per cent of GDP in 23 Asian countries included in a study but rank quite low when it comes to benefits percolating to their people. While India ranks 18th, China ranks at 10th when it comes to benefits to the people in terms of living conditions according to a new study of the Asian Development Bank, “International Comparison Programme in Asia and the Pacific: Purchasing power Parity Preliminary Report”. This picture was evident when the size of the economies is adjusted by population. Rather than dominating the rankings, China and India drop to 10th and 18th positions, respectively, out of the 23 economies participating in the full GDP comparison. Similarly, China ranks 15th and India ranks 17th when economies are compared based on “actual final consumption of households” (AFCH), a better measure of economic well-being of the population. The AFCH is a measure of what households actually c...
