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.
Fears that an escalation of the conflict could heighten a fuel squeeze & endanger the economy unnerved traders, with NYT reporting Iran stopped negotiating a truce with the US.
China patiently invested capital, skill and technology in coal gasification. Unlike it, we won’t move from words to action. As crude prices decline, we lose interest.
COMMENTS