Word: indianness
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India's drought is drying up consumer demand in rural areas, and the entire economy is feeling thirsty. It begins with people like Kalu Singh. A prosperous farmer in the northern state of Uttar Pradesh, Singh has built a tiny empire - a microcosm of the Indian economy - around him. He owns 144 acres of vegetable plots and paddy fields and last year earned almost Rs. 2.2 million (about $45,833). That's enough to employ more than 1,500 people and for him to live well, spending about $625 a month buying clothes, food and comforts for his family...
...Indian companies who make those products, and their shareholders, will soon ask themselves the same question. A recent report from analysts at Bank of America/Merrill Lynch in Mumbai projects "a 10 to 15% pullback in equities led by drought-led growth cuts." Every major drought in India has a pervasive impact on the economy, which is unlikely to meet the government's projected 7% GDP growth this year. (Analysts expect 6% or less.) With crops failing, food prices will go up everywhere, pushing up inflation. Mohammed Nadim, a vendor in Hoshiarpur, says the wholesale price of his cartful of sweet...
...main narrator as in the original Mahabharata, Sreedharan takes the point of view of an heretofore one- dimensional character, Bhima, one of the five Pandava brothers who defeat their cousins, the Kauravas, in tale's central battle. "Bhima has been the brawny superman of Mahabharata," says the Indian-born academic and journalist. "Here he is being presented as someone who is really sensitive and intelligent." (Watch TIME's video "Twitter Poetry on the Plinth in London...
...minute bus ride away: Hop on the number 69 bus at Johnston Gate, ride all the way to Lechmere, cross Cambridge St., and head two blocks south on First St. If you get off a little earlier, you’ll find yourself in Inman Square, home of cheap Indian cuisine and lots of cafes...
...scooter's downside is that it is only found in Mauritius. But the upside is that you have another excuse - besides the deep-sea fishing, the beaches and the tranquility - to visit this beautiful island nation in the Indian Ocean. (Read "Happy Havens in Mauritius...