The liberal fiscal spending of the 2004-08 period was made possible both by rising government revenues and national income growth and by relative comfort on the external side. After 2009,these pillars of growth began to wobble. By 2012, they were shaking.
More Quotes by Sanjaya Baru
A common language doesn't soothe dry tongues and thirsty throats.
In the 1990s and the first decade of the 21st century, regionalism was seen as a building block of globalisation.
Strategic autonomy is not secured by merely asserting one's independence: it is secured by creating mutually beneficial interdependencies.
It would be wrong to see the re-making of Asia, much less India,as a revolt against the West. Asia has indeed been re-built on the ruins of colonialism, but not on the ruins of all that the West has come to represent.
Ordinary people understand that the rich and powerful bully the poor and meek.
If the World Bank does not alter its shareholding structure to reflect the shifts in global distribution of income and economic power, its role may get marginalised as regional institutions fill the vacuum.