June 2012 – Page 3

Let’s start this week with an excellent article in The Economist about the Piramal group that touches upon the history of the group and where they are currently focusing.

The Financial Express has a great article on the problems that exist in Indian organised retail today. This article has some great statistics on organized retail as well.

I was relieved to learn that cracking knuckles doesn’t cause arthritis, and of course it annoys people around you so that’s an added bonus.

Smart Money has an interesting take on why sex sells better on e-books.

Martin Wolf writes about taxation, productivity and prosperity in the Financial Times.

Ajay Shah writes about the hollowing out of the Indian financial system.

Finally, can someone explain to me why they didn’t move the deer crossingÂ sign already?

In what seems to be a one way slide, India’s GDP growth slowed down yet again with both the quarterly and annual numbers coming out lower than last year’s comparable period.

This has been a sad story for quite a while now, and that the growth in the current fiscal is even worse than the 2008 – 09 period where the global economy was close to falling off a cliff shows that India’s growth story and the dreams of a demographic dividend are turning into a nightmare.

Here is a chart that shows the GDP growth from 2002 till date.

As you can see – the worst year in quite some time was 2008-09 when the sub-prime mortgage crisis in the US shook the whole world, and last year’s growth is even worse than that!

Imagine what would happen if the Euro crisis gets worse and the economy gets another shock from there – it won’t be surprising if the GDP growth for this year dips under 4% if that were to happen.

Month: June 2012

Piramal Group, Organized Retail and Cracking Knucles

GDP growth falls to 6.5%