While European car makers remain adamant on gaining a relatively unrestricted foothold in the Indian market through the proposed EU-India Bilateral Trade and Investment Agreement (BTIA), under negotiations since 2007, Indian manufactures, mostly of Japanese and Korean origin, remain firmly opposed to any reductions in import duties. India imposes high import duties on assembled vehicles, […]Read More The Chinese way of promoting local companies.
Raghuram Rajan is an eminent economist. Along with the awe-inspiring tags of Harvard and IMF, he is also famous as the man who foresaw the future. It is said that he had predicted the global meltdown: the great recession, much before the associated cascade of events were triggered. A few days ago, at the St. […]Read More Myopia of the elite: Raghuram Rajan’s take on the PDS versus DBT debate.