Opinion: Budget Will Be Tougher Than Government's Usual Fiscal Trapeze

Opinion: Budget Will Be Tougher Than Government's Usual Fiscal Trapeze

Andy Mukherjee | Bloomberg | Friday January 29, 2021

India's federal budget Monday will be a much tougher balancing act than New Delhi's regular annual fiscal trapeze. For one thing, the pandemic has upset business-as-usual calculations of how much to spend, on what, and how to finance it. For another, an impatience to make up for lost time has to be weighed against a shrinking of policy space in emerging markets: A rep...

Opinion: The Retro Tax Was Bad, India. Don't Make It Worse

Opinion: The Retro Tax Was Bad, India. Don't Make It Worse

Andy Mukherjee | Bloomberg | Thursday January 28, 2021

Back when global investors still believed Prime Minister Narendra Modi would keep his promise to end the previous regime's "tax terror," his newly elected government made a costly error. In March 2015, someone in India's labyrinthine bureaucracy decided to send a revenue demand to U.K.'s Cairn Energy Plc - ruining Chief Executive Officer Simon Thomson's birthday.

Opinion: Secrecy Around Templeton's India  Closure Is Indefensible

Opinion: Secrecy Around Templeton's India Closure Is Indefensible

Andy Mukherjee, Bloomberg Opinion | Friday January 22, 2021

For years now, faith in the integrity of India's markets has hemorrhaged, with everyone from rating firms to auditors, fund managers and trustees putting their own commercial interests above - and often against - those of the investing public.

Opinion: Politicians Want V-Shaped Recovery At Any Cost. Over To RBI

Opinion: Politicians Want V-Shaped Recovery At Any Cost. Over To RBI

Andy Mukherjee | Bloomberg | Thursday December 17, 2020

The local currency is a sitting duck for appreciation against a weakening dollar.

Opinion: PM Modi Needs One More Farm Law To End Crisis

Opinion: PM Modi Needs One More Farm Law To End Crisis

Andy Mukherjee | Bloomberg | Monday December 14, 2020

Farmers' protests are threatening to snowball into the biggest political crisis of Narendra Modi's tenure.

Opinion: Why I'm Losing Hope In India

Opinion: Why I'm Losing Hope In India

Andy Mukherjee | Bloomberg | Saturday November 28, 2020

Call it buyers' remorse. Those of us who thought that muscular leadership would revive India's dream of mimicking Chinese-style double-digit expansion are not just disappointed. For many of my generation, our long-cherished hope for a better, greater India is all but gone. We wanted to trade some of our democratic chaos for a little bit more growth. We ended up with l...

Opinion: Tycoon-Led Banks Could Be Dangerous For India

Opinion: Tycoon-Led Banks Could Be Dangerous For India

Andy Mukherjee | Bloomberg | Monday November 23, 2020

From the conditional nature of the recommendation, it doesn't appear that the regulator will soon reverse its policy of keeping conglomerates away from banking. But the report could pave the way for backdoor entry.

Opinion: This Time, India Is Getting A Bank Rescue Right

Opinion: This Time, India Is Getting A Bank Rescue Right

Andy Mukherjee | Bloomberg | Wednesday November 18, 2020

The moth-eaten LVB will cease to exist, its equity completely wiped out.

Opinion: Biden Must Dump Trump Tariffs, Focus On India For Silicon Valley

Opinion: Biden Must Dump Trump Tariffs, Focus On India For Silicon Valley

Andy Mukherjee | Bloomberg | Thursday November 12, 2020

For all the hype around "Howdy Modi" and "Namaste Trump," the US.-India economic relationship has been backsliding the last four years. To move forward, Joe Biden must steer the conversation away from tariffs, an obsession of his predecessor.

Opinion: Jeff Bezos Vs Mukesh Ambani As Amazon Disputes India Retail Deal

Opinion: Jeff Bezos Vs Mukesh Ambani As Amazon Disputes India Retail Deal

Andy Mukherjee | Bloomberg | Tuesday November 03, 2020

The actual quarrel is only interesting when you read between the lines of the claims and counterclaims.

Opinion: The Next China? India Must First Beat Bangladesh

Opinion: The Next China? India Must First Beat Bangladesh

Andy Mukherjee | Bloomberg | Monday October 19, 2020

India's Covid-19 economic gloom turned into despair this week, on news that its per capita gross domestic product may be lower for 2020 than in neighboring Bangladesh.

Opinion: Tata Taking On Mukesh Ambani Could Be India's Alibaba-Tencent

Opinion: Tata Taking On Mukesh Ambani Could Be India's Alibaba-Tencent

Andy Mukherjee, Bloomberg Opinion | Monday October 05, 2020

The 152-year-old Tata Group is talking to Walmart Inc. for a $25 billion investment in a "super-app," a multipurpose online platform combining fashion, lifestyle and electronics retail, food and grocery.

Opinion: Vodafone Loss Gives Government A Stark Choice

Opinion: Vodafone Loss Gives Government A Stark Choice

Andy Mukherjee | Bloomberg | Monday September 28, 2020

The quarrel goes back to Vodafone's 2007 purchase of Li Ka-shing's India wireless business.

Opinion: With Farm Bills, PM Modi Has "Thrown Out The Old Furniture"

Opinion: With Farm Bills, PM Modi Has "Thrown Out The Old Furniture"

Andy Mukherjee | Bloomberg | Thursday September 24, 2020

Big changes are afoot in Indian agriculture, driven by Prime Minister Narendra Modi at considerable political risk. Freeing up farming markets may be as significant as dismantling industrial licenses in 1991. However, if the state's protection withers away only to reveal a few large capitalists as the new overlords, there will be chaos and misery rather than progress ...

Opinion: India Should Choose: Toyota or Pakora?

Opinion: India Should Choose: Toyota or Pakora?

Andy Mukherjee, Bloomberg Opinion | Monday September 21, 2020

Six years of headline management should have been enough for Prime Minister Modi's government. From justifying its bizarre overnight ban on most banknotes in 2016 to defending suspiciously cheerful gross domestic product data.