Why Narendra Modi is a small man with big dangers

Why Narendra Modi is a small man with big dangers

India desperately needs a vision other than that of the vain small man trying to impress the big men with his self-improvised rules of the game
Maharashtra: The fluid politics of a solid state

Maharashtra: The fluid politics of a solid state

Maharashtra is a pioneer of Indian politics. It is offering more this season
Planning Commission’s replacement must lay out vision with strategy

Planning Commission’s replacement must lay out vision with strategy

Pronab Sen, former principal adviser at Planning Commission, shares his perspective on the issues involved in replacing the panel
PM must say ‘open defecation’ and ‘latrine use’ out loud!

PM must say ‘open defecation’ and ‘latrine use’ out loud!

The importance of behaviour change is not clear in the government’s newly released plans but it is still not too late
US growth recovers but risks persist

US growth recovers but risks persist

Asia-Pacific would much rather see a strong US economy with normal rates than a weak one with zero rates

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Dollar rallies

The US dollar has rallied over the past 11 weeks. The dollar index is now at its highest level in four years. Much of this is because US monetary policy could be getting tighter next year as the economic recovery there consolidates, while it will continue to be extraordinarily loose in Japan and Europe because of persistent deflationary risks.
The Indian currency has been remarkably steady despite the dollar’s rally, compared with its sharp decline in the middle of 2013. The divergence is largely due to the progress since then in reducing economic imbalances.
Several other asset markets have established correlations with the dollar index. Two are worth mentioning here: oil and gold. Prices of these two commodities tend to fall when the dollar rises. We have already seen signs of this in recent weeks. Indian policy makers will be watching if this trend continues because they lie at the root of the twin deficit challenges.
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