Canada faces serious foreign interference issues, but these challenges must not be weaponized to unfairly target friendly and important allies like India.
In Episode 1544 of CutTheClutter, Editor-in-Chief Shekhar Gupta looks at some top economists pointing to the pitfalls of ‘currency nationalism’ with data from 1991 to 2004.
Among 19 Indian firms sanctioned by US Treasury Dept was Lokesh Machines Ltd accused of coordinating with 'Russian defence procurement agent to import Italy-origin CNC machines'.
While we talk much about our military, we don’t put our national wallet where our mouth is. Nobody is saying we should double our defence spending, but current declining trend must be reversed.
We are in this sorry pass because neither the UPA nor NDA had the wisdom or gumption to carry forward reforms that were initiated in 1991.
The road to reform has been blocked by vested interests who support and finance our political parties. And then we have a mindless bureaucracy who are a bunch of status quoists, afraid of persecution by their political bosses. The result is decades lost to stasis.
Rhetoric aside, if we are to be counted in comity of nations, we have to become an economic power and that too not my measuring GDP but by uplifting every Indian from the morass and unleashing human enterprise. In the early 1980’s both India and China were practically on par economically, yet China in the intervening decades have galloped ahead not on empty slogans but creating world-class infrastructure not merely in manufacturing but in education, healthcare, connectivity and more. Our successive governments have meanwhile fed platitudes to people. Forget creating smart cities we are unable to manage our urban sprawls which dot the country like festering wounds. We have failed to modernise our agriculture as a result we have one of the lowest farm productivity. We are for instance, the second largest milk producer in the world yet our diary industry is stuck in the past; in term of milk product consumption we lag behind. Is it any wonder we are afraid of New Zealand!
What is perhaps most disappointing is Mr Modi had the mandate to bring about change but he frittered it away chasing ghosts.
This is a relevant article. But he seems to miss a paragraph on the political backgrounds of the government’s decision. Is not a wink done with regard to what is left of the opposition in the country? The message that emerges from India’s rejection is therefore blurred at the international level and internally. If it is these considerations that prevailed in this decision one must be worried, and the quotation from R.FROST is appropriate. But if the decision is motivated by economic considerations, we have a lot of effort to do internally before integrating the RCEP, and especially we must not forget the weight of the human factor in the agricultural sector, the dairy sector, the small business sector … We must not forget that the opening of the big economies to the outside has been slow, and that of India goes back to 1990.
Cheap exports … Each country goes through this phase, starting with Japan after 1945. Gradually price is overtaken by quality. If one studies the evolution of China’s export basket, they are moving swiftly up the value chain.
Our friendship with the US and somewhat complex relationship with China have nothing to do with India’s No show at RCEP. The simple fact is that we are becoming progressively less globally competitive. Which major economy, with so may poor people, can afford the luxury of actually losing millions of jobs each year. It would be good to give up these delusions of grandeur – citizens of the other three Quad members earn in a fortnight what Indians do in a year – and put our house in order. 2. As Ajay Devgn once said, Game se nazar hati, toh game se hate gaye. Economic well being of ordinary citizens is the only worthwhile game in town.
We are in this sorry pass because neither the UPA nor NDA had the wisdom or gumption to carry forward reforms that were initiated in 1991.
The road to reform has been blocked by vested interests who support and finance our political parties. And then we have a mindless bureaucracy who are a bunch of status quoists, afraid of persecution by their political bosses. The result is decades lost to stasis.
Rhetoric aside, if we are to be counted in comity of nations, we have to become an economic power and that too not my measuring GDP but by uplifting every Indian from the morass and unleashing human enterprise. In the early 1980’s both India and China were practically on par economically, yet China in the intervening decades have galloped ahead not on empty slogans but creating world-class infrastructure not merely in manufacturing but in education, healthcare, connectivity and more. Our successive governments have meanwhile fed platitudes to people. Forget creating smart cities we are unable to manage our urban sprawls which dot the country like festering wounds. We have failed to modernise our agriculture as a result we have one of the lowest farm productivity. We are for instance, the second largest milk producer in the world yet our diary industry is stuck in the past; in term of milk product consumption we lag behind. Is it any wonder we are afraid of New Zealand!
What is perhaps most disappointing is Mr Modi had the mandate to bring about change but he frittered it away chasing ghosts.
This is a relevant article. But he seems to miss a paragraph on the political backgrounds of the government’s decision. Is not a wink done with regard to what is left of the opposition in the country? The message that emerges from India’s rejection is therefore blurred at the international level and internally. If it is these considerations that prevailed in this decision one must be worried, and the quotation from R.FROST is appropriate. But if the decision is motivated by economic considerations, we have a lot of effort to do internally before integrating the RCEP, and especially we must not forget the weight of the human factor in the agricultural sector, the dairy sector, the small business sector … We must not forget that the opening of the big economies to the outside has been slow, and that of India goes back to 1990.
Cheap exports … Each country goes through this phase, starting with Japan after 1945. Gradually price is overtaken by quality. If one studies the evolution of China’s export basket, they are moving swiftly up the value chain.
Our friendship with the US and somewhat complex relationship with China have nothing to do with India’s No show at RCEP. The simple fact is that we are becoming progressively less globally competitive. Which major economy, with so may poor people, can afford the luxury of actually losing millions of jobs each year. It would be good to give up these delusions of grandeur – citizens of the other three Quad members earn in a fortnight what Indians do in a year – and put our house in order. 2. As Ajay Devgn once said, Game se nazar hati, toh game se hate gaye. Economic well being of ordinary citizens is the only worthwhile game in town.