HOME 2019-08-10T23:38:08+00:00

CONTRACT  WITH  INDIA

…our mission is to make India great by developing and promoting policies based on the principles of limited government, free markets, individual freedom and rights, equality of justice and individual responsibility…

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IN THE PRESS

27thJul, 17

HOW MODI CAN TRANSFORM INDIA –2

Dear Mr. Modi:   ( Part 2) Over the last three years, we have been witness to a great increase in the power and reach of the state. Recent decisions of your government ( outlined in Part one of this letter ) are a dangerous display of the encroachment of state powers into the private economic domain. Many of your recent policy decisions have had no basis in economic theory or [...]

18thJul, 17

HOW MODI CAN TRANSFORM INDIA –1

Dear Mr. Modi: Your commitment to making India great is unquestionable. Your tireless promotion of Brand India is unparalleled in Indian politics. And your effort to run an honest government is commendable. Your energetic leadership and international appeal have brought India glory and investment capital. For that this country will owe you a debt of gratitude. But Sir, you came to power with the promise of being a transformational leader. [...]

26thJun, 17

GDP: AN ABSTRACT CONSTRUCT

We all want economic progress.  But how should we measure economic progress? In last week’s newsletter, I used the analogy of a factory producing widgets to illustrate the concept of GDP. In simple terms, the GDP of a country measures the wealth being generated by its citizens. The larger the GDP, it is assumed, the healthier the economy. Gross Domestic Product or GDP has now become the standard measure of [...]

13thJun, 17

INDIA’S FALTERING ECONOMIC GROWTH

India’s GDP growth has declined now for four consecutive quarters. Total GDP ( Gross Domestic Product) has dropped almost 3.1% since the 4th quarter of 2016. Future GDP will likely get worse as the complete effects of demonetization play out. It is important to read GDP numbers with a grain of salt since they are subject to frequent revisions. In an economy like India, GDP numbers are notoriously hard to estimate [...]

31stMay, 17

WILL THE MARKET’S BULL RUN CONTINUE?

The Indian stock market has had a good run. Stock prices have more than doubled over the last ten years. How long will this bull run last? I spent fifteen years as a Global Investment Strategist and a Hedge Fund manager. Those long, fourteen hour days, pouring over copious amounts of data from dozens of asset classes and over twenty different markets will teach even a poor student like me [...]

25thMay, 17

RANKING INDIA AGAINST OTHER COUNTRIES

How does India stack up against other countries on attributes like economic freedom, ease of doing business, corruption, educational opportunities, environmental sensitivity, liberty, individual rights, and happiness etc.? Comparison of countries across a whole host of attributes has now become easier. There are about 170 global indices that provide easily understandable quantitative ratings of government activities and policies. These ratings have become an important tool for governments, voters, NGOs, civil liberty [...]

17thMay, 17

THE POWER OF FREE MARKETS

“The record of history is absolutely crystal clear, that there is no alternative way so far discovered of improving the lot of the ordinary people that can hold a candle to the productive activities that are unleashed by the free-enterprise system.” ( Milton Friedman, Nobel Prize-winning Economist) One of the most compelling arguments made for free markets was an essay titled “ I, Pencil”, written by Leonard E.Read in 1958. [...]

10thMay, 17

WHAT RIGHTS DO WE HAVE ?

When most of us think of “rights,” we imagine the things we are free to do, like make our own decisions, practice our religion, speak our minds, travel without limitations, or engage in the free exchange of goods and services. We assume that nobody can stop us from doing these things. When we study history, however, we realize that many people in the past, and a great many around the [...]

1stMay, 17

SWACHH BHARAT: SOLUTIONS

The only way to solve India’s waste management problems is by getting the government and local municipalities out of the waste management business and creating incentives for private companies to bring in cutting-edge technologies to collect, transport, segregate, recycle, reuse and dispose of waste. A formalized waste management industry built by private entrepreneurs, backed by private equity, and supported by user fees would clean up the country in five years [...]

25thApr, 17

SWACHH BHARAT: PROBLEMS

Almost three years ago the then newly elected Prime Minister Mr. Modi used the bully pulpit of his office to address a vital cog in India’s development. In his first Independence Day speech he openly mentioned how dirty India was and announced the Swachh Bharat (Clean India) campaign. Much credit goes to Mr. Modi for bringing public awareness to a very serious problem. A new tax to collect money for [...]

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