by Pramit Pal Chaudhuri | January 16, 2015 Prime Minister Narendra Modi’s first budget was a disappointment, his first winter session of Parliament was an embarrassment, his passage of a slew of ordinances was touched by a hint of panic, and it’s still unclear if key economic legislation like insurance FDI and the ...
by Pramit Pal Chaudhuri | January 9, 2015 It has not escaped notice that Prime Minister Narendra Modi’s many perambulations around the world have, so far, ignored Europe – if refueling stops for his aircraft are ignored. There was at least one abortive attempt to have a summit with German Chancellor Angela Merkel, though that seems to have been somewhat poorly thought through.
by Pramit Pal Chaudhuri | December 19, 2014 As the rouble careens southward in value and, more importantly, capital flees Russia’s bleak economic future, the likelihood of capital controls being re-imposed by the Kremlin increases geometrically. Once that happens, the rouble will have isolated itself in a manner that belies Vladimir Putin’s 2009 ...
by Pramit Pal Chaudhuri | December 12, 2014 Vladimir Putin, nine years ago, described the Soviet Union’s collapse as the “greatest geopolitical catastrophe” of the 20th century. While one argue whether that was much of a catastrophe given how dysfunctional the Soviet Union had become in its last few decades, from a Russian ...
by Pramit Pal Chaudhuri | December 4, 2014 The Maoists guerrillas of India are back in the news after a lull of almost half a year. The skirmishing never actually stopped – an Indian Air Force helicopter took bullet fire during the third week of last month, putting one soldier in hospital. The ...
by Pramit Pal Chaudhuri | November 28, 2014 No Indian official statement has ever referred to the country as a “superpower” – or even said that becoming a global power was a national objective. The last Indian Prime Minister, the low-key Manmohan Singh, once allowed that the country was likely to become a ...
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