I have not watched Chennai Express as yet. I like to catch the usually low IQ blockbuster Bollywood movies at the multiplex, to marvel at the immensely successful Hindi movie mindless masala business model play out yet again. Apart from Bollywood, the other distraction is cricket, which thankfully has been minimal due to Australia playing...
NEW DELHI (AP) — As their economy slows and the government is hammered by corruption scandals, Indians are increasingly dejected about their country’s future, according to a survey released Monday by the Pew Research Center. Only 38 percent of Indians were satisfied with the direction that the country had taken, a 13-percentage-point drop from last...
MUMBAI, India (AP) — A skyscraper building boom in China and India may signal an impending economic correction in two of Asia’s largest economies, a new report says. Barclays Capital has mapped an “unhealthy correlation” between construction of the world’s tallest buildings and impending financial crises over the last 140 years. Today, China is home...
If the ruling United Progressive Alliance (UPA) government was still looking for obvious signs of a slowdown, it cannot get find a better than this one. India’s new car sales in October fell the most in more than a decade in the face of rising fuel costs, expensive loans, and prolonged inflationary pressures. Sales of...
As the West scrambles to resolve their financial woes, it seems the East has it better – perhaps. Last Thursday, India’s central bank issued a trenchant warning: economic growth might fall below 8%. This would diminish its structurally high growth trend of 8-8.5% in recent years. Morgan Stanley’s leading indicator for growth, M1—the measurement quantifying...
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