Showing 21-30 of 34 results
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How India can win from big cash bust
News, Mihir Sharma, Published on 09/11/2017
» Almost exactly one year ago, Indian Prime Minister Narendra Modi went on national television to announce that, in a few hours, existing 500- and 1,000-rupee notes (255 and 510 baht) would no longer be legal tender. This came as a complete shock to most; the weeks and months that followed featured long queues at bank tellers as hapless Indians tried to exchange old notes for new, and at ATMs where they tried to withdraw enough cash to keep going. The sudden drought of cash made it increasingly difficult for small- and -medium enterprises to operate, as they relied on piles of cash for working capital. Many estimated that economic growth would slow as a consequence and events seem to have borne out this point of view.
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Bad healthcare tops public failings
News, Mihir Sharma, Published on 22/08/2017
» As India celebrated 70 years of independence last week, a tragedy in a remote corner of India's largest state, Uttar Pradesh, highlighted how far the world's largest democracy still is from being able to provide a healthy life for most of its citizens. For all its talk of smart cities and industrial corridors, this is the government's greatest failing -- and one where it could make a big difference quickly.
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India's states will pay for populism
News, Mihir Sharma, Published on 14/07/2017
» Things only seem to get worse for India's farmers. They'd barely recovered from two years of drought when they were hit by the government's decision last autumn to declare 86% of India's currency illegal. They struggled through that, and the consequent crash in prices, in hopes that this year's monsoon would be healthy. And, although forecasters insisted enough rain would fall, an "unexpected dry spell" is now threatening to ruin their summer crop.
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India central bank passes buck back to government
News, Mihir Sharma, Published on 04/08/2017
» At their Wednesday meeting, the makers of India's monetary policy cut interest rates only slightly. They would seem to have had little choice -- but also little confidence that a deeper cut would jumpstart the Indian economy.
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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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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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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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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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