India may still lag China in infrastructure and bureaucratic competence, but the South Asian giant is catching up fast
india
No One Has to Work as Little as an American to Afford Beer
After a mere five minutes on the job, an American worker has earned enough money to be able to buy a beer. We’re #1!
Why the U.S. Fracking Industry Worries About the Weather in India
It’s all about a bean that is essential to making the technology flow, literally. In the meantime, Indian farmers have hit pay dirt.
Is India Innovative?
A new study by the credit rating agency Standard and Poor’s suggests that India may become the first “BRIC” country to lose its investment grade rating. Is a lack of innovation the reason?
Is India’s Growth Story Over?
Is India heading towards the end of its much-touted growth story? A report by global credit rating agency Standard and Poor’s (S&P) released on June 11 seems to suggest so. Titled “Will India be the first BRIC fallen …
Number of Millionaires in U.S. Decreases but Spikes Worldwide
If you want a clear picture of where global wealth is heading, take a look at the number of millionaire households that have shifted away from the U.S. and toward emerging economies.
Why It’s So Hard to Make a Living as a Snake Charmer Nowadays
New regulations, government bureaucracy, political connections and changing cultural tastes can affect any career path — and that includes that of a traditional snake charmer in India.
Is India’s Government Killing its Economic Miracle?
In a recent special issue of TIME, I argued that India would eventually overtake China as the world’s premier emerging market. It’s a prediction that often produces snickers. How, skeptics ask, can India’s fractious …
Battle for Title of ‘World’s Cheapest Car’ Heats Up
Got $3,000? With that sum in India, drivers will have a choice of not one but two brand-new cars.
If American Consumers Won’t Save the Economy, Maybe Foreigners Will
Consumer spending accounts for 70% of all economic activity in the U.S. So in order for the economy to fully recover, consumers need to be willing to part with their cash frequently and in large quantities. The problem is that …
Consumers in China and India Love Shopping Way More Than Americans
Americans are portrayed as the world’s ultimate consumers, with the oversized homes, walk-in closets, overflowing storage units—and monstrous credit card bills—to prove it. We must really love shopping, right? Then why is it …
The Optimism Deficit
In the nearly 15 years that I’ve been writing about markets and managing money, there’s been a dramatic shift that has gotten only marginal notice. We’ve gone from having an optimism surplus to an optimism deficit. That may …
