It is the failure of our policies that are responsible for our lack of growth and development. No wonder China produces 450 million tonne of steel and we are happy with 45 million tonne.
The Tamil Nadu govt's recent declaration of nationalising cement companies brought to fore several disturbing facts about the govt and the pernicious cement cartel.
As opposition to Modi by the secularists become shriller, they will end up doing the job of polarising the voters for him and not the other way round.
Countries that hold large US dollar-denominated forex reserves have a powerful tool in their arsenal: they could wreck American financial markets at a mere click of a mouse.
For India to emerge as a global power it needs to unleash its potential in the services sector. Accounting sector is one where it could have succeeded easily with, but failed.
It is time that we think of boosting domestic consumption as a fillip to the Indian economy, says M R Venkatesh.
As the export-driven growth model is fraught with extreme risks caused due to a multiplicity of factors, a revisit to Swadeshi economics is inevitable, says M R Venkatesh.
The Left wields power far disproportionate to its strength. Its veto powers turn the definition of democracy on its head. And that is the biggest danger the nation faces today.
Indian democracy is fast turning into by the elite, for the elite and of the elite, says M R Venkatesh.
This may mean that the Rupee would be readily accepted as an international currency and, as a further fallout, Indians would be highly valued and widely recognised.
We might see a global meltdown of the US dollar or we controlled devaluation of the US currency: either way global economy is doomed.
Will the prime minister give the same similar advice to the bureaucracy as he gave to India Inc on pay cuts, etc?
I see an interesting pattern emerging, linking the dramatis personae of the UPA government and Team India, says M R Venkatesh.
'If governance ensured we were poor during the socialist period, it now ensures that we do not get rich.'
The metamorphosis of the liberal Ahluwalia to Comrade Ahuwalia, in the past decade, is bewildering, says M R Venkatesh.
Subsequent governments in India have first ensured shortages, and then played Santa by rationing the insufficient. Quotas fall in this genre.
Terrorists seem to have foothold in our stock markets. Crucially, no modern State would have ever dealt with its own security in such a lackadaisical manner, as successive Indian governments seem to have done.
The fact of the matter remains that with no direct say on the outcome, governance has become the largest stumbling block for the prosperity of our own people.
M R Venkatesh gives 7 reasons on why the so-called farmers' budget is an eyewash.
The failure of the farmers ensures that most Indians are poor. And that directly increases the importance of the government, the politicians and the bureaucrats.
© 2025 Rediff.com - Investor Information - Advertise with us - Disclaimer - Privacy Policy - Sitemap - Feedback - About us - Terms of use - Grievances