Controversy over new regulations for Lakshadweep is unfortunate. Like other nations, India must leverage its islands. Acting recklessly, Administrator Praful Patel made it controversial. Land acquisition required building public trust. Instead, he muddied the waters with provocations—implicit beef ban and a law for arrest without trial. This is unsustainable.
India’s soaring stock market is an anomaly. Risky to have hope riding on hot money
GDP has contracted, inflation and unemployment are at record highs, vaccinations are a mess, but stock markets are soaring to new peaks? What gives? No wonder RBI has warned that this rally poses a bubble risk. Optimism is good but exaggerated hope riding on hot money is more like gambling.