For all those people who think that doing business in India is worthwhile because we are an inexpensive destination, please think again. Let us go to the basics of Economics: there are 4 factors of production needed for an enterprise – land, labour, capital, and entrepreneurship. Land: by no stretch of imagination is land cheap […]
This is not to say that the Indian banking system is great, but I am not sure about how many of you have been following the Goldman case. There is a lot to say against the banking system – but remember do not go short on shares of big powerful companies. Personally there is a […]
Governments have two major advantages. One they have an unlimited scope for income – agricultural tax, excise duty, service tax, income tax, estate duty, etc. The more worrisome advantage is their ability to print currency notes. Ask Ben Bernanke – he converts coniferous trees into billions of dollars! The worry is for people who lend […]