The India BlogThe India Blog is about the socio-political-economic landscape of the country, its cultural moorings and the challenges it faces – whatever affects the lives and future of the people living within its boundaries and beyond.
Assume we are living at a time when we still used boats to travel long distances. Imagine a large, leaky boat about to set out on a stormy sea. Imagine that this boat is about to make a journey that in the normal course will last over a year. Additionally, the boat has had a history of capsizing a few times in the past, often taking with it the passengers. However, each time, the owners are able to pull the boat out from the sea put up a few patches and declare it seaworthy. It would seem obvious that tickets for the trip would be hard to sell especially to people staying in the vicinity of the port of launch.
Now imagine that there is a regulator whose job is to protect the passengers. The regulator is charged with certifying the sea-worthiness of...Read more...
Last week, the Indian government appointed Dr Raghuram Rajan, a distinguished economist, as its chief economic adviser (CEA). The CEA advises the government on possible policy options and priorities. There are no executive responsibilities other than to prepare the various economic reports that are presented to Parliament - including the Economic Survey. In this context, it may be useful to look at the policy preferences of the new CEA.
In April, Rajan made a speech in New Delhi in the presence of the PM where he signed off with "I have been frank as an academic, that is the only value I bring". This suggests that perhaps he thought that his speech would not be to the liking of his listeners. But was it really that radical?
The speech (along with my somewhat...Read more...
More about Anand Tandon
Anand Tandon joined JRG Securities Ltd in November, 2010 . He is a B.Tech from IIT, Kanpur and a PGDBM from IIM, Ahmedabad. He has over 20 years of experience in the capital market. He has in the past held senior leadership role at ASK Raymond James & Associates, Edelweiss Capital and in the Global Analytics Group of Citibank. He was also the Co-founder of Gryffon Investment Advisors, a boutique investment management company focusing on alternate investment strategies and Portfolio Management Services.
Anand is a regular media commentator on capital market trends. Prior to joining JRG, he was Head of Equities at Brics Securities Ltd, Mumbai.
The hallmark of guerrilla warfare is the element of surprise and to be always one step ahead of the