A selection of recent posts
India’s private airlines stole the show at Paris, placing orders and making headlines. Jet Airways and and IndiGo have given Boeing and Airbus much to cheer about. But the ultimate engima is whether Kingfisher Airlines has purchased too big a plane?
Amit Varma’s article on India’s incomplete liberalisation in the Asian Wall Street Journal was picked up by Reuben Abraham and Tyler Cowen. But Amit has not gone over to the dark side (via Aruni Mukherjee) — he explains why it is necessary for a free-market believer like him, to talk about its dark side.
While Narasimha Rao’s government launched the path-breaking economic reforms in the early 1990s, governments that followed have largely tried to liberalise by stealth. “Disinvestment” in the Indian political context means “privatisation”; or does it? (from Niraj, the Curry Man)
The print media was liberalised, well, sort of, but the policy has quite a number of loopholes, writes CSF’s Shiv Kumar.
Rajesh Jain points to Stephen Roach’s three forces of globalisation; it is not clear whether the Indian cabbies in New York about Roach, but as Amardeep points out, they have perspectives on globalisation too.
Although India is not on The Economist’s Big Mac Index, Reuben Abraham estimates that the Indian rupee is as undervalued as the Chinese yuan. (ed)
The Ambani brothers may have reached an agreement; but where is Reliance Infocomm headed, asks Abhishek Puri. The prospects for the industry, however, are bright — not least because, as Andrew Lih finds, Indian subscribers are pretty ‘yakkety’.
Rashmi Bansal calls for the Indian fashion industry should consider launching a ‘monsoon’ collection. Anita Bora enjoys the colour and (the cacophony?) of Indian markets.
Badri complains that instead of investing in innovation and R&D, Indian IT majors are content leaving surplus cash lying idle on their balance sheets.
Mahashunyam, over at Bubble Generation points to a micro-insurance initiative that provides critical surgery coverage for the rural poor. Sumedh Mungee and Rajesh Jain share their views on a World Bank-led consortium of Indian and American companies that intends to provide rural internet connectivity.
Patrix reports that Lenovo, the PC manufacturer from China that acquired IBM’s laptop business recently, is planning to make India-centric PCs.
And finally, here on The Acorn, an opinion on government-mandated killing of distance.
Related Links: This week’s India Petroleum Update and the Bharatiya Blog Mela.
“Although India is not on The Economist’s Big Mac Index, Reuben Abraham estimates that the Indian rupee is as overvalued as the Chinese yuan.”
Nitin, that should be undervalued, not overvalued. In my calculations, the INR is between 55%-59% undervalued using the BMI.
Reuben,
Thanks. I got mixed up. It has been corrected now.
All these observations are useful but doesn’t really give the full flavour of economic happenings in India over the past week. Here are some of the signifcant newsitems from a week ago
June 15, 2005
Virgin offshores IT in economy drive: Jobs offshored to India and South Africa
India : KSL & Industries to invest Rs 600cr plan to enhance quality & production
India: Schawk to invest $ 20 mn, hire 1000 in 2 years
Pi Tech of Uk enters India
Top Indian Business Leaders Have Single-Minded Focus on Growth and Innovation: Study
LG to Manufacture Desktop PC Cabinets in India
India: Desjardins Group and CGI create strategic alliance for IT services
India: SOMA Networks gets $50 M funding
INDIA: Domestic manufacturers planning to encash the restrictions on China
INDIA: Exports grew 22 per cent in May
INDIA: Portico launches new range of fine bath towels
TeleVital to invest USD 10 million in India
India: BPO moving up the value chain
Brazil selects India’s i-flex products
India to take on US over Internet control
India: Unmanned air vehicle Nishant completes 100 flights
India set to become global center for $80 billion chip design market
Frankfinn, SBI tie up for airhostess education loans
Emerson to outsource more work to India
India: Sun opens solutions center in B’lore
Ed: Additional headlines have been deleted as they are not essential to the discussions
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Sanjay,
Thanks for the comment. I agree with you when you say these observations do not give a full flavour of the Indian economy. They are not intended to.
Neither do headlines.
The motivation behind the weekly blogside reviews is to provide a window on bloggers’ perspectives on the economy. I’m sure those readers who need news, reports and analysis from the mainstream media know where to go.
Nitin,
In my blog at http://www.bloglines.com/blog/SanjayGarg, I subscribe to over 250 feeds & sift through them manually on a daily basis. Very often, I change the headlines and/or add my comments to communicate the deeper implications of a given news item. Far more than just headlines.
In my view, this is perhaps the best way to guage the full breadth & scope of India’s growth & development.
Sanjay
Sanjay,
I’ve come across your bloglines link blog.
I’m sure you feel that that is the best way to guage the full breadth & scope of India’s growth & development. You are entitled to your view.