To strike a balance between equity and efficiency, India needs to view welfare as a transition platform—one that protects the vulnerable while enabling upward mobility.
The Finance Ministry report said recent economic growth was driven by strong agriculture and services supply, plus rising consumption and exports on the demand side.
GDP slowed to quarter low of 6.7% against 8.2% in the year-ago period, mainly due to poor showing by farm sector. The previous GDP low was 6.2% in January-March 2023.
Ever since 2024 election results made clear that govt would be formed through coalition, fears of slow reforms & growth have emerged. ThePrint’s analysis shows this need not be the case.
Driving an electric vehicle for months, the Hyundai IONIQ5, BMW iX and now the Kia Carens Clavis electric, has convinced me of the viability of EVs for city and mid-range commutes.
With the US-India trade deal yet to get done, rupee depreciation may be helping to mitigate India’s loss of competitiveness. The other problem is extreme despondence among overseas equity investors.
Of the total package, $649 million will be utilised for additional hardware, software, and support services, and the remaining for Major Defence Equipment (MDE).
Don’t blame misfortune. This is colossal incompetence and insensitivity. So bad, heads would have rolled even in the old PSU-era Indian Airlines and Air India.
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