There was a great story about how Anna Delvey, a “fake it till you make it” fraudster, conned New York’s elite. I couldn’t help thinking that many of India’s crony-socialist corporate hoaxsters are Anna Delveys of India. Companies can
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All posts filed under “India”
Technological Deflation and Structural Reform
I wrote a piece for Mint on how structural policy reforms have a similar effect to technology-driven deflation. The thesis for this article came from a tweetstorm: If your existing asset base achieves 30% output increase, you defer capex, recruitment….
India’s Economic Future
Harsh recently wrote an excellent piece on how India’s economy will grow from the current $2.5 trillion GDP to $12 trillion by 2030. His prediction rests on on two planks: increasing participation of women in the workforce, and technological change….
Hindi Medium
English medium types like me read an Oscar Wilde short story called The Model Millionaire in school. The story is about how Hughie Erskine, despite being poor, gives away whatever little he has to somebody who he thinks is an…
Accelerating India’s Innovation Boom
Over the last three years, entrepreneurship has captured India’s imagination, and for good reasons. Never in our history has it been possible for first-generation entrepreneurs to start companies, raise seed capital and build a business in the way we have…
Rebalancing of Indian Equity Markets Will Smooth Volatility
Momentous changes in India’s equity market microstructure will improve market efficiency and smooth volatility over time. Emerging markets are frequently stereotyped as being prone to wild swings and outsized volatility. In particular, India has historically been a market where foreign…
Liberate Higher Education To Compete In The Knowledge Economy
In which industry does the US enjoy a globally dominant, almost unassailable position? No, it is not technology, pharmaceuticals, defence or aerospace. The one sector in which US dominance is near-absolute is higher education. Every year, some 80% of the…
Four Ways To Liberate Indian Science
The economic liberalisation of 1991 was the second independence in Indian history. It represented a tectonic shift in policies, the start of the end of ‘licence raj’, and unshackled the growth of the country. Time has come for the third…
Economic Development As Foreign Policy
In this piece, Harsh and I write about the importance of economic strength in the foreign policy arena: Military strength, despite its great importance, offers diminishing marginal returns. Possibilities of asymmetric power projections preclude any simplistic linear comparison of military…