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Swaminathan Aiyar
by | Jul 1, 2008

China and India have followed vastly different paths to economic success. In China, a dictatorship has implemented its strategic vision with an iron fist. In India, under democracy, every party advocates different policies, so a national vision would be impossible…

by | Jun 13, 2008

International rice and wheat prices have doubled or tripled in the last two years, but world grain production will reach a record high this year. So how come millions are falling into poverty and starting food riots across the world?…

by | Apr 30, 2008

After four years of 9% GDP growth, and boasts of overtaking China, Indians are reluctant to believe that the economy is headed for a serious fall. But the stock market has crashed, an indication of the pain ahead. Western observers…

by | Apr 25, 2008

Accelerating inflation in India has claimed an unexpected victim: the controversial India-U.S. civil nuclear deal. If the Indian government moves forward in the face of strong domestic opposition, it risks being toppled and forced into an early election. Until recently,…

by | Jun 4, 2007

The world is experiencing an unprecedented glut of savings, driving down real interest rates. It is a good time to borrow rather than lend, and to buy equities rather than bonds. This has implications for central banks, corporations and individual…

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