Shreekant Sambrani


The boom & the spike

If a fortnight is a long time in politics, a week seems like an eon in the Indian economy! The last week began with a whimper on foreign direct investment in retail, but ended with a bang of bad news of mid-year analysis. The first two days of this week made it worse: industrial production didn’t just slow down but

The inflation hocus pocus

Would you trust your physician who, after months of prescribing and increasing the dosage of medication for your persistently high blood pressure, tells you that he may not have been entirely right in his reading of your health but that you will be all right soon?
Something similar has been happening with the Indian economy and the good doctors attending to it. Wrong inflation forecasts have hurt the UPA government’s credibility. That claim is hardly surprising, but the source from which it came recently is. Montek Singh Ahluwalia, the deputy chairman of the Planning Commission and arguably the second or third-most important economic policymaker in the country, has said words to this effect in a series of interviews, after the inflation rate stubbornly hovered around double digits despite continued tightening of credit.

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I want to begin with a little story that was told to me by a leading executive at Aptech. He was exercising in a gym with a lot of younger people.

Shekhar Kapur’s Bandit Queen didn’t make the cut. Neither did Shaji Karun’s Piravi, which bagged 31 international awards.