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And with prices low, the equilibrium real exchange rate will also be low, that is to say depreciated.
Gunvant Jain chose to take the road less travelled.
While the Indian Government was aware of it, it tried to play it down and instead referred to it as genocide against the Bengali community in Bangladesh so as to avoid an outcry from the leaders of the then Jan Sangh, the predecessor of the today's main opposition Bharatiya Janata Party, says Gary J Bass, author of the book The Blood Telegram: Nixon Kissinger and a Forgotten Genocide, which recently hit the book stores.
I still believe that it is a good thing that think tanks are mushrooming in Delhi. They provide a platform for discussion, even if they shed more heat than light. With Parliament almost incapable of serious debate, informed discussion and civilised discourse, where does this nation get its intellectual churn, asks Mohan Guruswamy.
A left-leaning centralised socialist model has created a shortage/entitlement economy. In fact one of the reasons for India's limited progress is that post-independent India is at odds with its true nature. It is something that educated right of centre Hindus are trying to correct, says Sanjeev Nayyar.
Zoho founder and CEO Sridhar Vembu noticed that there was not much of a correlation between an employee's academic credentials and his performance at work.
The Forbes 30 Under 30 list is harder to get into than Stanford or Harvard University. Meet the desis who made the cut this year.
India's commitment to an open and plural security architecture attests to the fact that Asia's transition is a dynamic of both power & identity, says Zorawar Daulet Singh
In an online chat with readers overseas education consultant NNS Chandra addressed queries related to international admissions.
The fight over FYUP is between a highly controversial decision taken during the United Progressive Alliance rule and how the National Democratic Alliance government perceives it and how it is determined to resolve it in its own way, reports Sheela Bhatt.
'... for two reasons: the poor quality of education, and the low rate of female participation in the labour force.' 'Unless something is done quickly to remedy these problems, India will just have a large population of low-skill, low-wage, males trying and failing to feed their families adequately.'
Overseas consultant NNS Chandra offers advice on how to pick the right international education for you.
Dr Manjul Bhargava speaks to P Rajendran about winning the Fields Medal, math's biggest global honour.
The India Abroad Person of the Year Awards, held at the National Museum of the American Indian in New York City on Friday June 12, honored 14 achievers in seven categories.
With Sundar Pichai becoming the CEO of Google, India has one more reason to cheer its prowess in the global IT sector.
The youngest winners of the thriving tech economy, many of whom came of age during the last financial crisis, aren't often interested in the ideas that attracted clients in the past.
New York Mayor Bill de Blasio has announced the appointment of Nisha Agarwal, one of the leading advocates in the city for the immigrant communities, as commissioner of the Mayor's Office of Immigrant Affairs.
'India may be new to world politics and her military strength insignificant in comparison with that of the giants of our epoch.' 'But India is old in thought and experience and has travelled through trackless centuries in the adventure of life.' 'Throughout her long history she has stood for peace and every prayer that an Indian raises, ends with an invocation to peace.' Jawaharlal Nehru's memorable speech to the United States Congress.
'The Congress era was already over anyway! The real question is: Has India opened a new, post-coalition era and I'm very doubtful about that,' Christophe Jaffrelot, author of several books on Indian politics, tells Archana Masih/Rediff.com, analysing Mandate 2014.
Overseas education consultant NNS Chandra offers advice on everything you need to know about pursuing an international education.
'There is no evidence that it was Nehru who ordered this surveillance (on Netaji's kin). It was a very low-level Bengal-based operation.' 'Netaji's grandnephew Sugata Bose has written in his book on the leader that the existing evidence that Subhas Bose died in that plane crash is overwhelming. No historian looking at that evidence can come to a different conclusion.' 'Contrary to popular belief, there were very little differences among the three (Netaji, Nehru and Gandhi). Netaji was of the opinion that some amount of violence was necessary to bring independence for India.' Historian Rudrangshu Mukherjee says that the controversy over the alleged spying on the kin of Netaji is a damp squib.
Motivational speaker and bestselling author Priya Kumar has a knack of talking to people and telling them stories that inspire them to feel good about their lives even in the worst of circumstances.
'Small bands of terrorists believe they can destabilise superpowers if they are ready to become martyrs.' 'Since the road to paradise is under the shade of swords, it is a win-win situation for those ready to die for the cause of Allah.'
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Crony capitalism will of course generate investment and ensure profit for private capital, but it won't give employment or income to the people. If you can make money by selling coal or speculating in land, why produce electricity, why invest in research and development, why even set up factories, asks Praful Bidwai.
'Never lose your optimism. Never lose your aspiration and never -- even if India becomes a prosperous consumer society -- never ever lose that shining light in your eyes,' advises Dr Peter McLaughlin, headmaster of the Doon School.
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