Wednesday, December 23, 1998
Alarmist outlook
The IMF's warning that India may have to raise interest rates to curb inflation is overly alarmist. True, the annual rate of inflation has been higher than it was last year. But the reason for this is the shortage of certain agricultural goods, and not a rise in demand.
A dream come true
Never before has a car generated so much interest, even before it has negotiated a single pothole or soiled its tyres on Indian roads. However, when the vehicle in question happens to be the first small car conceived and born in India to the illustrious Tata family, all the hype and hoopla surrounding the launch seem justified.
Time is ripe to overhaul financial sector
Japan has become a favourite case study. Huge forex reserves and big trade surpluses notwithstanding, its banking sector woes have taken the wind out of its sails.
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