India's growth rate has slowed down due to a lack of adequate measures for economic freedom and also effective measures to check corruption as a whole, writes Raghavendar Askani.
We hold China in awe because it has a per capita GDP five times India’s. But the history of economic and democratic growth coincides almost everywhere else.
Reforms stalling is weighing on outlook for India’s economy, which has gone from one of the fastest growing in the world to among the worst hit by Covid.
Modi will push for his version of state-driven capitalism led by a strong leader. But we know that can't work in a complex, private sector-driven economy like India.
Facing a series of trade union protests, the choice for PM Vajpayee is clear — either go the Gujral/Gowda way by surrendering or the Maggie/Indira way & show some spunk.
The last time this matter flared up was when Delhi Chief Minister Rekha Gupta, in a very similar directive in April, called for the relocation of stray dogs in the capital.
Finance ministry says the proposed revamp will focus on structural reforms, rate rationalisation & ease of living, & will be deliberated upon in the coming weeks.
The project is meant to be a ‘protective shield that will keep expanding’, the PM said. It is on the lines of the ‘Golden Dome’ announced by Trump, it is learnt.
Now that both IAF and PAF have made formal claims of having shot down the other’s aircraft in the 87-hour war in May, we can ask a larger question: do such numbers really matter?
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