Mihir Sharma

Consider the Japan's Monju reactor It reached criticality in 1995 and was eventually shut down in 2016. In that entire period, it generated electricity for only a few months.

Indian business rarely does exactly what the government wants it to. For the past decade or so, for example, it has obdurately refused to invest as much as officials think it should.

Tax cuts and fiscal stimulus are great and nobody ever turns them down. But what corporate India really wants is administrative, judicial, and political predictability.

India's government has tried almost everything to revive private investment: tax cuts, a bank clean-up, infrastructure spending and other forms of fiscal stimulus. Yet corporate India remains reluctant to invest. How come?

It is rare for Prime Minister Narendra Modi to admit that there’s trouble on the horizon. He has built his public image around success and security, reassuring his faithful voters that nothing out there in a troubling and dangerous world will be allowed to touch them as long as he is in charge. That is why it was startling when this weekend, he appealed to Indians to change their consumption habits in an attempt to insulate the economy from the fallout of the Gulf crisis.

Modi has been luckier than his predecessor. Fuel price spikes have been offset by ample inflows of investment. But this time, capital is flowing out and oil prices will take some time to return to normal.

Indian Prime Minister Narendra Modi NEW DELHI: It is rare for Prime Minister Narendra Modi to admit that there's trouble on the horizon.

Those who labor hardest to build India are also the first to suffer in a crisis. When the first Covid lockdown was imposed in March 2020, images of migrant workers walking along deserted highways from cities back to their rural homes stunned and disturbed the country. They had to, because without the opportunity to earn a daily wage they were hungry and destitute — and, unlike in their native villages where families could help, there was no social safety net in large towns on which they could re

Britain’s ruling Labour Party, in its infinite wisdom, may choose to remove Keir Starmer from the position he won in a landslide election less than two years ago. But Starmerism will probably survive him. For all the criticism thrown at the prime minister, he did have a guiding mission: a direct, pragmatic and progressive attempt to fix the UK’s most pressing problems, especially its inability to foster economic growth.

The UK’s much-discussed relationship with the bond markets may be dysfunctional, but it isn’t particularly complicated. It boils down to one basic fact about humanity: Nobody thinks kindly of the people who lend them money.