Sudip Bandyopadhyay’s Blog

2011 will be the make or break year for India.  2011 will present the opportunity for India to cross China in terms of GDP growth rate for the first time since liberalisation began. It also poses the possible threat of India losing its steam midway by getting bogged down with silly corruption issues along with [...]

In the Hindi blockbuster movie Gajini, the lead actor suffers from a disastrous aliment “Short-term Memory Loss”.  The current market euphoria across the world reminds me of a similar mental state for investors across  asset classes who are unable to grasp the toughest lessons of last year’s global economic crisis.  The crisis was predominantly about [...]

The Paris-based International Energy Agency recently released a report, Another Chinese Riddle: How Reliable Are GDP Figures?  In this  the intergovernmental organization cited research that China’s first-quarter GDP growth, announced as 6.1 per cent was most likely flat to negative.  As a result of such reports, public trust is eroding, and not just in China. [...]

Both too much and too little are expected of China’s response to the economic crisis: too much, because the Asian giant can play only a modest role in rescuing the world economy; too little, because few believe the economy will be radically changed. The stimulus programme is helpful, for China and the world. But the [...]

Athenian owls, Roman denarii, British sovereigns, US dollars.  There have been many pseudo reserve currencies down the ages.  Now the governor of the People’s Bank of China has called for a new global currency “disconnected from individual nations”.  Russia, too, wants to move away from a world dominated by the dollar. Kazakh president Nursultan Nazarbayev [...]