Photo: Hindustan Times

Guns and Indians

The right to bear arms was dropped from India’s Constitution. It has come up for discussion again in the assembly
From bubbles to bridges

From bubbles to bridges

Tomorrow’s successful executives will be those who take the opportunity to join a real conversation and draw wisdom from the crowd
Are Indian lawmakers above the law?

Are Indian lawmakers above the law?

Maharashtra has set a wrong precedent by extending legislative privileges
Lessons from a Greek tragedy

Lessons from a Greek tragedy

The Greek crisis exposes structural contradictions within Europe
Why India’s GDP controversy refuses to die

Why India’s GDP controversy refuses to die

The new GDP series is riddled with inconsistencies





Small Picture

Greece, China

It is now widely accepted that India is better placed than many other emerging markets to protect its economy in case there is financial panic following a Greek default. The credit goes to two Indian governments learning the lessons of the July 2013 taper tantrum to build up defences, while other economies such as Turkey merrily continued down the same road.
Greece is not the only ticking time bomb. Many are genuinely worried about a financial shock in China. Its central bank has been cutting interest rates to keep the asset bubble inflated, but the experience from the famous Greenspan put shows a central bank cannot be a permanent backstop. Fundamental weaknesses eventually overwhelm the promise of more liquidity, as they did in September 2008 in the US.
Many Asian countries export heavily to China as part of intricate global supply chains. The risk they face is serious. It’s another advantage for India, though more by accident than strategic wisdom.
Subscribe |  Contact Us  |  mint Code  |  Privacy policy  |  Terms of Use  |  Advertising  |  Mint Apps  |  About HT Media  |  Jobs
Contact Us
Copyright © 2015 HT Media All Rights Reserved