For four years, India has battled the suspicion that its new and improved GDP series is a rose-tinted view of reality. Now that Narendra Modi is prime minister for a second term, he must see that battle for what it is: a lost cause. Unlike harmless advertising puffery around a toothpaste that kills 99.9% of germs, the narrative of 7% ...

The other day, US President Donald Trump retweeted my column about overtourism in Europe. I’d simply accept the extraordinary publicity of the presidential retweet, if he hadn’t claimed in his tweet that an undervalued euro is the reason Europe faces an excess of tourists. That, in my view, is largely inaccurate; a weak euro really isn’t the story behind Europe’s ...

Japan Display Inc.’s (JDI) decision to cut staff, reduce pay and take more write-offs was the inevitable result of management’s shortsighted strategy. A planned bailout by a consortium of new backers is unlikely to solve its core problems unless key changes are made. I argued in February that the company needs new leadership. On Wednesday it announced just that: President ...