Category Archives: Economics

Will the nuclear deal with USA ensure energy security for India?

That civilian nuclear power is not going to come to help us in any near-term future.

There is a steep rise in fuel prices. The Congress play a cynical drama by Sonia posing as the saviour of the poor, the Left and the BJP do what they know, taking a procession on the Delhi streets! Is this all to fuel shortages?  Bush can be taken not a safe nuclear expert!  There are so many technical, economic and even political and military issues and that too when the USA is debating the Iran nuclear power plant and when India is also being drawn into such international strategic buildups, to talk of nuclear power as if it can be tapped at our will is a near fantasy.

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Then, what about the nuclear deal with USA and our own energy security strategy?

There is a steep rise in fuel prices. They Congress play a cynical drama by Sonia posing as the savior of the poor, the Left and the BJP does what they know, taking a procession on the Delhi streets! Is this all to fuel shortages? What about really serious in-depth analysis by the government and experts and the more responsible behavior by the most senior politicians like Vajpayee, Karunanidhi and Lalu  Yadav and Sharad Pawar or even Deve Gowda? These politicians are seniors, with age and one hopes certain wisdom, and they should be doing more serious and responsible things. At least, they can ask some questions openly and ask for answers from experts who must know the difficulties better.

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IIM students get sky-high salaries!

So, India now a Superpower?

It seems it is time for celebrations for India! This year, the American Forbes magazine that tracks billionaires all over the world revealed for the first time that next to America India has produced so many billionaires! Not even China is near India in this league. They very language of the India’s new generation of entrepreneurs, the Indian IT professionals and the new generation of achievers, in so many fields, be it sports or arts or in every other sphere, from films to media enterprises, it looks India is fast becoming a world centre, if not a world power!

There is already this huge middle class rising! Consumer boom is visible, salaries of even the starters like  BPO workers is on the high.Rs.10,000 is the minimum salary and in Mysore there is a job mela that promises job orders on the very day of interview. Come all B.A.s and B.Com.s! Say the leaflet, jobs are for your taking, blares the voice!

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Economists also can’t promote economic development!

We are having an economic expert as the Prime Minister. Is it an advantage or a disadvantage? A big question indeed! But we feel a time has come to ask such big questions. At least, for the sake of getting some clarity. Clarity on what is being aired everyday in the public realm as well as what is in fact the basic thrust for much of our economic development. The PM often, nay, in fact routinely talks of achieving an economic growth rate of 8/10 per cent. The Planning Commission Deputy too talks this way. Mr.Ahluwalia too is an economic expert in the mould of the PM.

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Studied economics, didn’t become an economist !
I became an entrepreneur!

I had always wanted to become an entrepreneur, wanted to have my own independence, I wanted money, lots of money and do a great many things! In this I encountered obstacles at every turn.

Yes, it is ironical that I studied economics both at Santiniketan and Oxford and yet I didn’t become an economist!

Instead I had always wanted to become an entrepreneur, wanted to have my own independence, I wanted money, lots of money and do a great many things! In this I encountered obstacles at every turn. More cruel irony is that these sorts of obstacles continued when my son came back from Oxford and when I wanted to induct him into an independent entrepreneurial career! Somehow in our home there was this aversion for jobs from a very early age of my life. Perhaps, my going to a Gandhian school must have put in me much of an idealist outlook. More than that perhaps is my rural or rather feudal background. I always looked upon others, the society from my family’s point of view. Our family had a fiercely independent existence and the very village environment gave us this, robustness. My mother was known for her extraordinary mental courage and resolve. She always faced uphill situations, so her in-born native courage stood her well. May be, I might have inherited this trait from her, so, I believe. Read More →