A red-hot economy was India’s greatest strategic strength. It's now diminishing and damaging India’s stature, as reflected in responses to the Kashmir crisis.
The fall in GDP growth needs to be reversed before it becomes a sustained downward spiral. Sharp tax cuts can help, as can a move away from the tax raids policy.
Goldman Sachs & Citigroup lowered growth projections to 6% for FY20, while Oxford Economics said there’s a risk the expansion could be weaker than that.
It is hard to recall another week under Modi that has been as packed with economic policy pronouncements. But it’s a long haul before narrative really changes.
The RBI had marginally lowered the GDP growth projection for 2019-20 to 6.9% from 7% projected earlier in the June policy, and underlined the need for boosting demand.
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.
A VC in a university and a chaiwala sitting at th campus gate may have voted for te sme man. In Democracy, it is OK bur unless intellectuals get to decide country levell topics, TOM and Dick will ruin the country. Demonetization is no joke for illiterates.
Admission by the PM that economy is in problem sends a negative signal. Even if the causes are other than general world slow down, the clean image of a leader can withstand that. All the leader in the past who lost out because of economic reasons had a major chunk of corruption aspect attached to the person or his administration. It was a given that to remain in power money had to be made which magnified the slowing economy, leading to change of rulers. Unfortunately, the opposition and its supporters can not accept, that despite best and genuine efforts, one may not get the intended result so somehow they want to bring in the corruption angle.
Economic issues don’t yet have a constituency in electoral matrix … In that case, what hit Durga out of the park when she was at the peak of her popularity ? 2. There is a saying in Marathi that one can conjure up anything, except the fragrance of a freshly printed currency note. Nothing intellectual about the economy, that comes out of a scholarly Blog. Each household, at every step of the economic pyramid, is part of it. Everyone is hurting, all the way up to the tycoons who are losing their businesses. 3. Consider the figures of how much foreign portfolio investors have pulled out in the last three months, what Indians are officially remitting out each year. They are voting with their cheque books. 4. The time for spin, PR, sophistry is long past. Get a grip before it is too late.
A VC in a university and a chaiwala sitting at th campus gate may have voted for te sme man. In Democracy, it is OK bur unless intellectuals get to decide country levell topics, TOM and Dick will ruin the country. Demonetization is no joke for illiterates.
Admission by the PM that economy is in problem sends a negative signal. Even if the causes are other than general world slow down, the clean image of a leader can withstand that. All the leader in the past who lost out because of economic reasons had a major chunk of corruption aspect attached to the person or his administration. It was a given that to remain in power money had to be made which magnified the slowing economy, leading to change of rulers. Unfortunately, the opposition and its supporters can not accept, that despite best and genuine efforts, one may not get the intended result so somehow they want to bring in the corruption angle.
A larger than life figure is a media creation of Kuan ka Mendak.
Economic issues don’t yet have a constituency in electoral matrix … In that case, what hit Durga out of the park when she was at the peak of her popularity ? 2. There is a saying in Marathi that one can conjure up anything, except the fragrance of a freshly printed currency note. Nothing intellectual about the economy, that comes out of a scholarly Blog. Each household, at every step of the economic pyramid, is part of it. Everyone is hurting, all the way up to the tycoons who are losing their businesses. 3. Consider the figures of how much foreign portfolio investors have pulled out in the last three months, what Indians are officially remitting out each year. They are voting with their cheque books. 4. The time for spin, PR, sophistry is long past. Get a grip before it is too late.