Targets like a GDP of $5 trillion, increasing manufacturing to 25% of GDP, doubling farmers’ incomes and exports will not make Modi govt’s life easier.
In a country where a third of the population lives in cities, agriculture uses about 90% of fresh water in India, compared with 64% in China, 60% in Brazil, and 44% in Nigeria.
Financial incentives such as preferential tax rates and the tax holiday provided by Vietnam to lure companies are among some measures being considered by India.
Between 2008-09 & 2013-14, India’s exports grew to Rs 19 lakh crore from Rs 8.4 lakh crore. Under Modi, the best was Rs 20.8 lakh cr from April 2018 to Feb 2019.
Overall activity indicator compiled by Bloomberg shows sharp drop in a liquidity indicator & slowing growth in infrastructure industries.
Mumbai: A banking liquidity crunch and...
The reach and impact of influencers are so significant that even politicians such as Prime Minister Narendra Modi have recognised their value—the National Creators Award is proof.
Economists say there are weaknesses in India’s GDP data. But statisticians claim the accusations are based on flawed understanding, saying while GDP has problems, the economists are looking in the wrong places.
Both the governments expressed their commitment to strengthening their maritime cooperation to strengthen the maritime safety and security framework in the region.
Modi’s intentions are good – but they do not have expertise to deliver. Unfortunately the government suffers from poverty of ideas. But all the goals set out have political connotations and not economic substance. People will vote for Modi because he speaks big.
a k pattabiraman, Chennai
Such goals are called stretch goals in corporate speak.
They are not meant to be necessarily achieved but coming within a distance of them is also considered some kind of achievement.
Modi likely understands the indian psyche, both the workers and the voters. His bet is that even partially achieved stretch goals would be politically palatable to the electorate
One is subject to correction, but the cushion of 4% inflation, added to 8% real growth, is not available to take us to $ 5 trillion in five years. That would have been the case if the GDP target was expressed in rupees. The dollar is a mighty beast, has always strengthened against the rupee, adding to the gradient not lessening it. 2. At the present rate of climb, it will take fifty years to double farmers’ incomes., not the promised five. Of the many tasks the government performs, creating an economic miracle is the least amenable to spin and a sustained PR campaign.
An excellent article. Food for thought for the government to ponder. It is said that a leader of a team has to be sufficiently ambitious so that the team can excel in its performance beyond expectations. However, setting over-ambitious targets could be counterproductive.
Modi’s intentions are good – but they do not have expertise to deliver. Unfortunately the government suffers from poverty of ideas. But all the goals set out have political connotations and not economic substance. People will vote for Modi because he speaks big.
a k pattabiraman, Chennai
Such goals are called stretch goals in corporate speak.
They are not meant to be necessarily achieved but coming within a distance of them is also considered some kind of achievement.
Modi likely understands the indian psyche, both the workers and the voters. His bet is that even partially achieved stretch goals would be politically palatable to the electorate
One is subject to correction, but the cushion of 4% inflation, added to 8% real growth, is not available to take us to $ 5 trillion in five years. That would have been the case if the GDP target was expressed in rupees. The dollar is a mighty beast, has always strengthened against the rupee, adding to the gradient not lessening it. 2. At the present rate of climb, it will take fifty years to double farmers’ incomes., not the promised five. Of the many tasks the government performs, creating an economic miracle is the least amenable to spin and a sustained PR campaign.
An excellent article. Food for thought for the government to ponder. It is said that a leader of a team has to be sufficiently ambitious so that the team can excel in its performance beyond expectations. However, setting over-ambitious targets could be counterproductive.