South Korea has a lesson or two for India on how to avoid stagflation &mdash; the dangerous combination of a stagnating economy and high inflation.

Andy Mukherjee: A Korean lesson for India

Business Standard

P Chidambaram, India&rsquo;s new finance minister, wants to revive investment in the subcontinental economy by taking &ldquo;carefully calibrated&rdquo; risks. But the Reserve Bank of India (RBI) has plenty of grounds to be wary. The main problem with stoking anaemic growth is that the tactics may also stoke inflation. Prices rose at their slowest pace in 32 months in July. But core inflation, excluding food and fuel, crept up. Cutting interest rates now would look like unsound monetary policy.

No, minister

Malaysia is stuck in a middle-income rut. Per capita income last year was about $9,000. The government&rsquo;s goal is to lift it to $15,000 by the end of the decade, exceeding the World Bank&rsquo;s threshold for rich nations. The second-quarter growth report gives some clues on how it might succeed.

Getting rich

I don&rsquo;t know why Indian officialdom is taking so long to tap the diaspora for a loan.

Andy Mukherjee: Time for bonds to 'Reawaken India'

Ben &amp; Draghi&rsquo;s tempting treats should come with a statutory warning against overindulgence.

Andy Mukherjee: Feasting on Ben & Draghi's 

About 13 per cent of Australia&rsquo;s economy is a gift from China. It wouldn&rsquo;t exist without China guzzling resources and spewing out dirt-cheap consumer goods, the combined effect of which has been to make Australia&rsquo;s exports a lot pricier than its imports over the past decade.

Andy Mukherjee