Showing posts from June, 2008

Policy Innovations

Vasu Reddy from Chicago

Effective politics have always used innovative schemes to attract voter blocks. Many such policies are short lived while effective in pleasing the appetite of the electorate. The subsidized rice scheme which provides a kilo of rice at two Rupees is a great one and has been used several times in the last 25 years. The great fan fare this attracts at election rallies is phenomenal, and perhaps brings votes to the party that subsidizes Rice at such low price. This is not a clever policy but a populist political scheme, which really doesn’t do justice to the budgets of any state.

Indians, especially Indians in the opposition parties decry of political opportunism whenever we hear of such schemes, but never really protest against it. The ruling party can pretty much establish policies that are popular and cost a lot of money to the treasury, most times money that is not budgeted. The Indian democracy is happy with fighting market forces. The la…

The New India Company

Vasu Reddy from Chicago

India’s national interest is in making Indian management and investment successful in the world and outside of its own well defined confines. There is no questioning on the Indian minds being some of the best in all fields of business and global affairs. The technology and information boom of the last decade has transformed services industries around the world with major contributions from Indian resources. Many IT services companies from India have not only become billion dollar profit makers but also become entrenched in every aspect of global technology development. Decades of excellence in medicine and science has always been the Indian forte, but last decade has seen Indian enterprise freely expanding and reaching markets that once were even difficult to visit.

The shareholders of these booming companies have continued to realize the benefits of betting on these now global companies early. Not underplaying today’s volatility of the Indi…