Government’s estimate of 6.4% growth this year, the lowest since the pandemic, shows India urgently needs deeper reform and must escape the self-congratulations spiral. Manufacturing, construction, and even capital formation are slowing. This is a dire situation. Budget 2025 can’t be pedestrian. Consumption and private investment need a radical kickstart.
Trump calling for US-Canada merger is part of new American bluster. Diplomacy is no frat party
Who would’ve thought Akhand America is a thing. Trump calling for a US-Canada merger appears to be part of the new American bluster. Musk had earlier made similar statements about people of Britain and Greenland. If this is MAGA, then the world order is shaken. Diplomacy is no frat party.
Structural, not cyclical. Lifting the economy to a sustainably higher growth path requires extensive reforms. At a time when the forces of globalisation which created so many success stories in Asia are weakening. A special effort to promote inclusion, because inequality is reaching levels that undermine growth.