Health delivery is so poor in India because the government simply doesn't care about the most important element in health delivery: the doctors.
The contract is characterised by a minimum revenue guarantee and a cap on the firm's revenues.
An eminent economist told me he reviewed as many as 40 papers on international flights, before meals!s
The main difference between China and us is that its government works. Ours is happy to doze.
Unless a comprehensive theory of corporate governance is first agreed upon, efforts to improve it will not amount to much.
Promoters pay themselves huge sums in diversified firms and shareholders are none the wiser.
Globally India is nowhere in the IT hardware business. But the domestic market is very large and needs more, not less, competition.
It is not surprising that India's economic performance of the last five years has got everyone excitedly. But is this the long-waited takeoff or is India flattering to deceive?
RBI's elbow room is limited in the matter of capital inflows because the finance minister will not ban PNs.
In the seven intervening years since his "dream" Budget of 1997, the only thing that doesn't seem to have changed about him is his name.
No one seems to be able to agree on what the correct degree of capital mobility in developing countries is.
Inflation will be a much harder nut to crack than it has been in the 1980s and 1990s.
'The investment rate in China might be high precisely because the return on capital in China is high'.
Our financial system, by any reckoning, is fragile, which is why the RBI is intervening.
Econometric callisthenics are to modern economists what curd-rice is to Tamil Brahmins - necessary as well as sufficient.
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