The emergence of a large and dynamic middle class raises Asia’s profile as an attractive market destination for products ranging from consumer goods to financial services. There are even hopes that the Asian consumer will replace the US as “world consumer of last resortâ€,...

Presentation shows the global financial crisis, the difference between US, Europe and India, RBI’s policy response and impact, lessons from the crisis, medium-term issues and challenges. [Speech delivered at London Business School].

This paper focuses on both expanding and refining the analytical scope of the “social†(or non-economic) aspects of chronic poverty, and thereby, to enhance efforts to respond more effectively to it. The argument in this paper proceeds as follows. In recognizing that poverty is...

The main question that the Governor is asking to the RBI staff is "how can I do my job better so that I can make a positive difference to the country?"

Over the last few decades India has emerged as an economic giant. In 2000 the Special Economic Zone (SEZs) policy became part of a strategy to maintain high growth and promote India’s manufacturing sector. However, India’s current SEZ policy does little to strengthen India’s...