UPA’s growth trajectory via higher spending policies led to high retail inflation, falling public and private investment, and subsequent slowdown in growth.
Commentators may have missed that the Indian state is less equipped now to provide the resources and political direction necessary to effectively support industrial development.
An analysis by the Congress — days after the Narendra Modi government completed four years — on whether the management of the economy has helped the people of the country.
Narendra Modi wants the most backwards among the OBCs to benefit from reservation. The commission to look into the issue will submit the report by June 20.
The magazine was a product of its time—when newsprint was cheap, imagination was free, and the hunger for suspense could drive circulation numbers into the tens of thousands.
As many as 21 policy reforms are under implementation following Invest Kerala Global Summit, as LDF govt works to change perception that the state is not conducive to businesses.
Amid continued concerns over cross-border terrorism, General Upendra Dwivedi further warned the neighbour that India will not show restraint if there is an Op Sindoor 2.0.
Pakistan’s army has been a rentier force available to a reasonable bidder. It has never come to the aid of any Muslims including Palestinians or the Gazans, except making noises here and there.
Columnist is equally guilty of presenting half truths and hiding the profligacy of. NDA II.
He has mentioned Sub Prime crisis in passing only….. Though it rocked the finances of countries across the world and set a long cycle of depression… During these periods of runs all around, India was one exception
Obviously, this was bought at a price… Increased industrial stimulus adding to the fiscal deficit
Secondly, he has conveniently skipped the fact that Oil prices rise from $30 per bbl to $. 150 per bbl…. Wherein govt has little choice but to subsidise the fuel prices…. Thus adding substantially to the fiscal deficit
Not a single mention is there of the crude oil bonanza of more than 2.5 lac cr enjoyed by NDA II…. Still the fiscal deficit is way of the mark…
He has conveniently ignored the drastic fall in GCF (gross capital formation) during last four years.
Columnist is a seasoned journalist of impeccable credentials and a neutral analysis of the economy under the two refunded would have been appreciable.
Sanjay, I am not sure about the author being of ‘impeccable credentials’, particularly when we see significant biases in his article. he is seasoned for sure. Being seasoned allows him to be seen as a pundit, but the biases are just too obvious. I find that not only with Mr. Jagannathan, but with many senior journalists or writers. Not to mention the biases their ideology brings into their writing.
Sir, even after knowing the organisation that you work for, I have a request to make. The request is that you may please consider looking at the context of our country before you reach conclusions and argue that fiscal deficit control is the mantra that will solve our problem. You would now that we had drought during 2014 and 2015 (two consecutive years in a very long time). How does one defend government expenditure being cut down (% of GDP) when a vast majority of people are being impacted by natural calamities. Who does the government work for – people who have elected it and given the right to govern or some mythical economic theory that fiscal deficits have to be controlled under all circumstances. Inflation is not a bad deal, if we allows wages and all incomes to go up. Forcing prices down (interest rates and commodities by not letting MSP go up) is equally bad economics. You may like to look a more comprehensive picture next time you critique a set of policy choices. I am aware that India of today is much more biased than India I was taught in. But a professionals makes an effort to get past his or biases – even when they are grounded in a theory or a bunch of policy recommendations by IMF and other – which in themselves are nothing more than the understanding at a given point in time.
That case you should also factor meltdown of 2008, Higher fuel prices where crude crossed 140. While GST was much called for, please criticise demonetisation if possible which created chaos everywhere. You can point out 3G Bonanza how can you forget crude oil bonanza to NDA for over 2 years which is 10 times of that of 3G. Even after all this growth is low and you still defend. Did not expected this from you after working with you so long.
Why is Jaggi a Modi Bhakt? Being blatant is more acceptable than this nuanced and intellect clothing. At least then one can go for the delete button.
Columnist is equally guilty of presenting half truths and hiding the profligacy of. NDA II.
He has mentioned Sub Prime crisis in passing only….. Though it rocked the finances of countries across the world and set a long cycle of depression… During these periods of runs all around, India was one exception
Obviously, this was bought at a price… Increased industrial stimulus adding to the fiscal deficit
Secondly, he has conveniently skipped the fact that Oil prices rise from $30 per bbl to $. 150 per bbl…. Wherein govt has little choice but to subsidise the fuel prices…. Thus adding substantially to the fiscal deficit
Not a single mention is there of the crude oil bonanza of more than 2.5 lac cr enjoyed by NDA II…. Still the fiscal deficit is way of the mark…
He has conveniently ignored the drastic fall in GCF (gross capital formation) during last four years.
Columnist is a seasoned journalist of impeccable credentials and a neutral analysis of the economy under the two refunded would have been appreciable.
Sanjay, I am not sure about the author being of ‘impeccable credentials’, particularly when we see significant biases in his article. he is seasoned for sure. Being seasoned allows him to be seen as a pundit, but the biases are just too obvious. I find that not only with Mr. Jagannathan, but with many senior journalists or writers. Not to mention the biases their ideology brings into their writing.
Sir, even after knowing the organisation that you work for, I have a request to make. The request is that you may please consider looking at the context of our country before you reach conclusions and argue that fiscal deficit control is the mantra that will solve our problem. You would now that we had drought during 2014 and 2015 (two consecutive years in a very long time). How does one defend government expenditure being cut down (% of GDP) when a vast majority of people are being impacted by natural calamities. Who does the government work for – people who have elected it and given the right to govern or some mythical economic theory that fiscal deficits have to be controlled under all circumstances. Inflation is not a bad deal, if we allows wages and all incomes to go up. Forcing prices down (interest rates and commodities by not letting MSP go up) is equally bad economics. You may like to look a more comprehensive picture next time you critique a set of policy choices. I am aware that India of today is much more biased than India I was taught in. But a professionals makes an effort to get past his or biases – even when they are grounded in a theory or a bunch of policy recommendations by IMF and other – which in themselves are nothing more than the understanding at a given point in time.
Dear Jaggi Sir,
That case you should also factor meltdown of 2008, Higher fuel prices where crude crossed 140. While GST was much called for, please criticise demonetisation if possible which created chaos everywhere. You can point out 3G Bonanza how can you forget crude oil bonanza to NDA for over 2 years which is 10 times of that of 3G. Even after all this growth is low and you still defend. Did not expected this from you after working with you so long.
Well said. Some these columnists don’t really care of hiding even their obvious biases.
We will see a lot of erudite columns in the months ahead. It remains to be seen how much ice the tortured logic will cut with voters.