India Facts of the Day

In fact, for a section of foreign women, living in Delhi is just not an option, and they would prefer cities like Mumbai, Bangalore, Hyderabad or Pune.

Delivering remarks at a business innovation-focused event hosted by the Federation of Indian Chambers of Commerce and Industry and the American Chamber of Commerce in New Delhi today, Commerce Secretary Gary Locke discussed the economic opportunities that would result from a closer relationship between the U.S. and India, and underscored the importance of mutually beneficial, job-creating trade between the two nations.

|Peter Boettke|

U.S. Commerce Secretary Gary Locke delivered the keynote address today at the Confederation of Indian Industry (CII) luncheon in New Delhi, where he discussed increasing the kind of mutually beneficial trade that provides win-win opportunities for both countries.   

You might find it hard to believe, but high prices of onions can trigger the fall of the government in India. In 1998, a supply side shock led to a sharp increase in onion prices in the country and most notably, in the state of Delhi. In the following elections, the ruling party was routed in large part due to its failure to control the price of onions in the capital state. Today, onion prices in India are up again, rising by over 100% in just three weeks in December.

I fear this post will seem obvious to most of you, and pedantic to some. But commentators tend to be extremely unclear when they talk about the changes in spending that will result from different bills.