Showing 1-10 of 34 results
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Could India be the first country to get rid of cash?
News, Mihir Sharma, Published on 22/07/2016
» 'Black money" -- the colloquial name for a vast network of off-the-book cash transactions and unbanked savings -- is one of India's biggest scourges. Amounting to as much as $460 billion (16 trillion baht) a year, bigger than the GDP of Argentina, all that money lies beyond the reach of the tax authorities, creditors and anti-corruption investigators.
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Monsanto clash bad for innovators
News, Mihir Sharma, Published on 31/08/2016
» Monsanto's many battles with the Indian government have typically been cast as clashes between poor Indian farmers and a giant multinational that's overcharging for its genetically modified seeds. And certainly, the US agriculture giant isn't the most sympathetic of companies. Its seeds are indeed expensive and, in the case of cotton, no longer deliver the returns promised as resistance builds up.
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State can't fill India's dangerous investment gap
News, Mihir Sharma, Published on 25/10/2016
» India's celebrated position as the world's fastest-growing large economy conceals a dangerous weakness: too few people seem to want to invest there. Even by the government's growth figures, private investment is shrinking at an increasing pace -- by 1.9% between January and March and 3.1% between April and June.
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Indian protectionism isn't patriotic
News, Mihir Sharma, Published on 15/12/2016
» Samuel Johnson got it wrong: Patriotism is the last refuge of the unprofitable. The Indian e-commerce giant Flipkart Online Services Pvt lost 23 billion rupees (about 12.1 billion baht) last year, and so its co-founder and executive chairman, Sachin Bansal, has suddenly morphed into a great champion of local companies. "We need to take a more India-centric approach" to regulation, he told a Bengaluru audience last week, citing Donald Trump approvingly.
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Cash crunch woes only beginning
News, Mihir Sharma, Published on 06/01/2017
» 'Give me 50 days, friends," Indian Prime Minister Narendra Modi asked citizens after he cancelled 86% of the country's currency notes. After Dec 30, if Indians saw his decision as flawed, he promised to "suffer any punishment". But, he said confidently, if they could bear 50 days of disruption, they would have the "India of their dreams".
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Budget misses chance of jobs focus
News, Mihir Sharma, Published on 03/02/2017
» Prime Minister Narendra Modi swept to power in India in May 2014 ardently promising -- like so many chest-thumping leaders elsewhere in the world -- that he would create jobs. The angry and under-employed young people of heavily populated north India, in particular, decided to trust a man who sold himself as a strong, sound steward of the economy.
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Modi is a different nationalist to Putin or Trump
News, Mihir Sharma, Published on 06/04/2017
» Over the past year, Russia's Vladimir Putin has emerged as the ideological patron of a certain brand of conservatism worldwide. Politicians from France's Marine Le Pen, to Recep Tayyip Erdogan of Turkey, to Donald Trump appear drawn to Mr Putin's vision of a world marked by weaker transnational power blocs, fewer meddlesome liberals and a harder line against radical Islam.
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China's carrier should worry India
News, Mihir Sharma, Published on 27/04/2017
» The launch of China's second aircraft carrier this week is an important and depressing moment for India. The "Type 001A" -- likely to be named the Shandong -- will give China an edge for the first time in the carrier race with its Asian rival, a literal two-to-one advantage. After decommissioning the INS Viraat earlier this year, the Indian navy is down to a single carrier, INS Vikramaditya. Worse, the Shandong has been built at China's own giant shipyard at Dalian; Vikramaditya is merely a re-purposed 1980s-era Russian carrier formerly known as the Admiral Gorshkov.
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Don't expect young to save centrism
News, Mihir Sharma, Published on 16/05/2017
» At a victory rally for France's young new President Emmanuel Macron outside the Louvre last week, I was struck by the generational gap between the candidate and his most animated supporters.
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Tax reform starts to look like an Indian wedding
News, Mihir Sharma, Published on 27/06/2017
» India stands on the brink of one of its most momentous policy reforms in decades unprepared and uncertain. We're just a few days away from the launch of a new indirect-tax regime, the goods-and-services tax, or GST, and anxiety about its roll-out is all-pervasive.
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