Wednesday, November 11, 1998
Living in the past will not help communists
Kerala has several things unique about it. Perhaps the firs thing is that its great thinkers and commentators proudly regard it as unique. Amartya Sen finds a development model in Kerala. To be fair to Kerala, he was fascinated by the physical quality of life in Kerala even before he became a Nobel Prize winner.
Sterlite's potential not discounted
All the negative news in Sterlite Industries has long been discounted. The stock reacted very badly ever since the one-million-tonne greenfield aluminium project was announced, followed by the shutdown of the copper smelter at Tuticorin. At the present stock price, any risk on these counts is more than adequately covered.
Investment sputters
Will the GDP grow this year by more than 5% or less? Will it grow by less than 5.5% or more next year? Responses to such questions focus on prospects of harvests and the chances of a recovery in world economic growth. The driving force of growth is seen to be domestic agriculture or international demand.
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