BUSINESS
Global sluggishness to affect India on the margin
This is not to suggest that India is immune to any global crisis and the economy is completely decoupled. The country can be expected to continue on a robust growth trajectory even when many G20 countries are faced with growth issues
BUSINESS
Strategic interventions take time to bear fruit
For the success of the government’s strategic interventions in industry and trade through Make in India, Production-linked incentive schemes and free trade agreements, what is required is a long-term framework that is reviewed periodically
BUSINESS
Internationalising INR: Local currency swap deals with trade partners can provide a boost
Capital account convertibility is neither a necessary nor a sufficient condition for the success of a country’s currency internationalisation process
BUSINESS
Excess Cash Conundrum: Reward shareholders, invest or just hold
If the company cannot earn a return which is more than what the shareholder can get elsewhere, often called the ‘hurdle rate’, then it is better to return the money
BUSINESS
What Roubini and Acharya have got wrong about India’s industrial policy and growth of conglomerates
Viral Acharya and Nouriel Roubini have called for a reduction in the concentration of economic power and a lowering of import tariffs to bring down protectionism across all sectors
BUSINESS
Pricing power of large companies: Is it an illusion?
The concept of industrial groups or lead firms setting prices on their own or as an oligopolistic combine is valid if product innovations don't happen, substitutes don’t appear and technology remains staid
