All stories by T N Ninan
How Modi and Kejriwal are strikingly similarRediff.com27 Nov 2019
'Mr Kejriwal is almost exactly the package that Mr Modi offers: Personal aggrandisement, the building of a personality cult through full-page newspaper ads day after day, populist schemes involving subsidies (whether affordable or required), abandonment of secular principles, exaggerated claims and no checks on leadership,' points out T N Ninan.
Can India get to $5 trillion?Rediff.com20 Nov 2019
'There is a fiscal crisis building up, which might become apparent when the Finance Commission presents its report,' warns T N Ninan.
Staying out of RCEP will come at a costRediff.com5 Nov 2019
It became increasingly clear that the real negotiations the government had to conduct were with Indian business which was wary of yet another free trade agreement, points out T N Ninan.
6% growth rate looks like optimismRediff.com30 Oct 2019
'Growth would have to be 7% in the October-March period, if the year as a whole is to clock 6%.' 'Who would bet on that when, in the world of real numbers, both exports and imports have continued to fall, car sales have continued to slump, and the industrial production index shows yet again a drop in output?', asks T N Ninan.
Why Modi wants to sell government assetsRediff.com24 Oct 2019
'Fiscal purists would quarrel with the idea of selling assets to pay for current expenditure -- such as the payout to farmers and the health insurance programme -- for the obvious reason that the process cannot go on forever.' 'At some point, the list of assets available for sale will run out,' notes T N Ninan.consultations -- something already aired in connection with the lease of airports to the Adani group, says T N Ninan.
What's the truth about the fiscal deficit?Rediff.com15 Oct 2019
'Why do we make finance ministers go into contortions, to tell us that near 6% is 3.5%?' 'Why not encourage more open and full accounting so that the country knows the real picture,' asks T N Ninan.
Economy: Modi II will have to undo Modi I's damageRediff.com31 Aug 2019
'If businesses are focused on de-leveraging, they can hardly be investing. This is the price extracted by investment mistakes during UPA rule, and should have been foreseen. 'But Modi-I must share the blame, for muted reform of the financial sector, partisan policy in telecom, the harm done to exports by an over-priced rupee, and so on,' says T N Ninan.
Don't we Indians matter too?Rediff.com25 Jul 2019
If foreigners need reasonable taxes, why offer citizens something else? If foreign businessmen look for assurance on the rule of law, so do citizens, argues T N Ninan.
Does India really need imported economists?Rediff.com11 Jul 2019
Today, with growth having slowed and macro-economic challenges in every direction, would the government have benefited from the advice of 'Harvard' economists? asks T N Ninan.
Time is a luxury India does not haveRediff.com2 Jul 2019
'Is India going to miss some more of its potential demographic dividend?' 'If so, it would be for two reasons: The demographic dividend can be fully exploited only if the people in the working age are actually working.' 'And second, if those working have proper education and skills, making them productive in the workplace.' 'On both counts, the country has fallen short,' points out T N Ninan.
Budget is a 5 year Test match, not a one-day eventRediff.com24 Jun 2019
'The fiscal situation is stressed (when is it not?!), economic growth has slowed, tax revenue has fallen short and the deficit is high if it is properly accounted,' points out T N Ninan.
The new India believes to become rich is gloriousRediff.com20 Jun 2019
'And so, despite demonetisation, people in business feel safe with Mr Modi,' points out T N Ninan.
Can Modi 2.0 improve the economy?Rediff.com13 Jun 2019
Change will have to begin with Mr Modi, who by all accounts has shown little active interest in macro-economic issues, preferring instead to focus on the effective implementation of projects and programmes, points out T N Ninan.
For Nirmalaji's immediate attention!Rediff.com5 Jun 2019
'No one seems to have looked at the extent of money that is being borrowed by individuals, and the rising levels of household debt.' 'At their present rates of growth, personal loans in India could well become the largest category of bank credit in just two or three years,' cautions T N Ninan.
India must be ready for slower growthRediff.com31 May 2019
'Since the growth is not fast enough to provide jobs for the young, the fallout will be political and social,' warns T N Ninan.
Election 2019: Mockery of a campaignRediff.com21 May 2019
If anything has become clear during this campaign, it is this: Mr Modi can bat on almost any wicket and hit the ball over the ropes, points out T N Ninan.
Grim economy awaits next PMRediff.com17 May 2019
'The Budget will have to be substantially re-cast as soon as a new government takes charge after the elections.' 'Both revenue and expenditure numbers will have to be trimmed -- and then may better reflect the deceleration of economic activity caused by slowing consumption trends,' points out T N Ninan.
Digital India: Modi's unqualified successRediff.com10 May 2019
'The digital economy will generate 60 to 65 million jobs by 2025, 20 million more than the 40 to 45 million existing jobs that are in danger of disappearing or getting automated,' points out T N Ninan.
BJP manifesto: High on output, short on outcomeRediff.com24 Apr 2019
'If an election promise has to be credible, silence on practical questions doesn't help matters,' notes T N Ninan.
Congress manifesto: Some applause, some QsRediff.com16 Apr 2019
'A major political party has come down on the side of Constitutional freedoms and internationally recognised human rights,' says T N Ninan.
A job for the next prime ministerRediff.com27 Mar 2019
'Once we are past this electoral season, during which all promises are presented as free lunches, could we bring such non-populist issues into focus?' 'Like fixing the problems of the public sector?' points out T N Ninan.
Was air strike a clear victory for India?Rediff.com13 Mar 2019
'Though the prime minister has talked somewhat needlessly of pilot projects and the real stuff to come, India cannot be sure of a clean victory in any full-fledged conflict -- even if there is reason to engage in such,' points out T N Ninan.
The mighty fall of India's business czarsRediff.com7 Mar 2019
Who is to take their place? Will a new generation of entrepreneurs start up with better business sense, or at least better luck? But the so-called unicorns are mostly copy-cat entrepreneurs whose cash flow is funded by overseas (including Chinese) money, notes T N Ninan.
Why is Modi wooing the aam aadmi?Rediff.com21 Feb 2019
'Should you give a man fish, or teach him how to fish?' 'Lurking hidden in the new bout of welfarism seems to be an admission that the State can't deliver for the poor anything other than cash,' notes T N Ninan.
Can India grow at 9-10% in 2022-23?Rediff.com1 Feb 2019
Niti Aayog's plan to create a 'New India' in less than four years should invite scepticism, argues T N Ninan.
India's West-South vs North-East mismatchRediff.com31 Jan 2019
'Persisting with the inequalities, indeed seeing them get worse, is no one's prescription for national unity,' notes T N Ninan.
Do you know what a Fudget is?Rediff.com23 Jan 2019
'Will Mr Jaitley listen, or is that expecting too much in pre-election season?' asks T N Ninan.
The Little Guy is the Indian Person of the YearRediff.com8 Jan 2019
'No matter how many government schemes there are for the poor, the system works more for the privileged, less for the little guy,' notes T N Ninan.
Mr Modi, slowing economy needs a boost!Rediff.com28 Dec 2018
'Course correction today would be good politics and also good economics,' notes T N Ninan.
Behind BJP loss: Failure to keep job promise, fix farm distressRediff.com24 Dec 2018
'You look with hope at a politician who comes along and promises to change all that: 10 million new jobs every year, no need to touch someone's feet to get an introduction to an employer. And fix the corrupt guys who have made the system what it is.' 'But five years later, the reality has changed little or not at all,' says T N Ninan.
Revised GDP numbers out of govt's hat!Rediff.com17 Dec 2018
Whatever the claims about the new GDP numbers being technically superior to earlier estimates, their public credibility depends on their passing some reality checks, argues T N Ninan.
Why assembly polls may not set the tune for 2019Rediff.com3 Dec 2018
'Even if the Congress bags two of the three heartland states in the assembly round, the BJP may still get the majority of Lok Sabha seats in these states,' predicts T N Ninan.
It's 19/11 and D-day dawns for the RBIRediff.com19 Nov 2018
'If the RBI board forces the management's hand on all the key issues, it should be prepared for resignations by the governor and the key deputy governor, Viral Acharya,' warns T N Ninan.
India's business champs struggle to stay afloatRediff.com14 Nov 2018
'Unless cash has ceased to be king, the issue is the same in the aviation, telecom and ecommerce sectors: Sustainability,' notes T N Ninan.
Why the rupee loses more than other currenciesRediff.com15 Oct 2018
'The rupee has lost value against all other major Asian currencies, including that of Bangladesh and, of course, China.' 'Why should this be the case when the Indian economy has been growing faster than these economies, other than China?'
Will Modi risk US sanctions and buy oil from Iran?Rediff.com8 Oct 2018
'All but one of the previous oil shocks brought either a change of government or a political crisis.' 'Is the government braced for stormy weather?' asks T N Ninan.
King of good times just refused to grow upRediff.com25 Sep 2018
'As he goes down, he will almost certainly drag a few others down with him.' 'Once the mutual mudslinging has died down, collateral damage will probably include more bankers than politicians, given the nature of how things work in India,' says T N Ninan.
Be warned, folks: The State has jackbootsRediff.com12 Sep 2018
'India has jackboot laws legislated by all parties, a State prepared to stomp all over you, and citizens who don't often realise how easily they can be crushed under both,' says T N Ninan.
Look beyond GDP numbers: India story doesn't shine as muchRediff.com3 Sep 2018
'There is no one capturing and presenting the larger picture, such as to provoke debate the way the GDP numbers do,' observes T N Ninan.
India must grow at 8 or 9%. 7.75% ain't enoughRediff.com23 Aug 2018
'A sustainable growth rate of 8 per cent is evidently some distance away,' says T N Ninan.