Word: rajat
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...banks' nonperforming assets were deteriorating materially." Nor do analysts harbor the same concerns that India's monetary policies are sending prices of Indian real estate to bubble levels. "India's growth, though less stellar, does have the reassuring factor that the [risks of] asset price bubbles are less," says Rajat Nag, managing director general of the Asian Development Bank in Manila...
...providing land to the landless was his greatest contribution," says Mohammed Salim, a colleague of Basu's in government. By the 1980s, West Bengal had gone from a famine-plagued state dependent on food subsidies to a surplus grain producer. "But that's where it all ended," says Rajat Roychowdhury, a political analyst based in Kolkata, West Bengal's capital. Resting on its agrarian reforms, the state became a byword for industrial decay, as its share of India's industrial output fell from 9.8% in 1980 to 5% in 1998. "Basu didn't do anything for industry...
...will India do it? The key to sustained 9% growth, says Rajat Nag, the managing director general of the Asian Development Bank, "is governance." Behind that new buzzword lies a fundamental truth. The successful modernization of societies, it turns out, is not just a question of economics - of getting the macroeconomic fundamentals right and letting market forces and the private sector do the rest. It depends also on having effective, clean governments, at every level down to the village, which do not waste economic largesse or appropriate it for the use of their own politicians and officials. That has long...
...sales in the country. "Ford was operating in just 30% of the market," says Khattar. "All the action was happening elsewhere." The diminutive Figo is Ford's bid for the sweet spot. "You have to be in the small car segment to be a relevant player in India," says Rajat Dhawan, who heads McKinsey's automotive practice in India. (See pictures of the world's cheapest...
...launching "Scrabulous," their own online version of the popular word game. Created in 2006 to waste time and wage distant linguistic battles, Scrabulous eventually became the most popular application on Facebook, attracting more than 500,000 players each day to the social-networking site. But the brothers, Jayant and Rajat Agarwalla, had a quick and clever response to the accusations of copyright infringement. Their newly dubbed "WordScraper" now features a malleable board that, if one feels so inclined, can be rearranged to form the original Scrabble board...