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Swaminathan Aiyar

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…

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?…

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…

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,…

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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