Crowded cities are rich because there is greater division of labour. The extent of the division of labour depends on the size of the market, wrote Sauvik Chakraverti in 2002.
With 20.2 percent of its total loans in default by the end of last year, Bangladesh had the weakest banking system in Asia. Despite reforms, it will take time to recover.
Bihar is blessed with a land more fertile for revolutions than any in India. Why has it fallen so far behind then? Constant obsession with politics is at the root of its destruction.
It will not help. It has been done a few years back, with expat executives. The culture of Air India, to a greater extent than in the average PSU, which is saying a lot, is completely durbari. Minister Suresh Prabhu could not do much in Indian Railways, either.
It will not help. It has been done a few years back, with expat executives. The culture of Air India, to a greater extent than in the average PSU, which is saying a lot, is completely durbari. Minister Suresh Prabhu could not do much in Indian Railways, either.