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Is India’s successful growth story the reason behind it’s banking crisis?

Statistics point to a peculiar feature of India's high growth phase even as it remains the world's fastest growing economy
Illustration by PealiDezine.

India can kiss goodbye to 8 per cent growth if it does not fix its banks

The financial system is still a drag on the economy and underlines the need for improving banking practice, regulation and oversight.
Representational Image | Bloomberg

With US-China trade war heating up, the sorry state of India’s exports may worsen

World Bank report expresses concern over falling exports; elevated exchange rate, capital crunch due to GST, among others, seen as major causes.
Representational image of an Indian farmer at work

Met forecast of ‘normal’ monsoon spells good news for BJP ahead of 2019

Farm crisis in poll-bound states of Karnataka, MP and Rajasthan, had made BJP jittery, especially after it suffered reverses in rural Gujarat in 2017 polls.

The weakening of India’s institutions under Modi was last seen during Indira’s time

A well-ordered society that hopes to do well economically and by its citizens, has to strengthen its foundational institutions.
RBI press conference

RBI likely to keep policy rates unchanged through 2018, says Asian Development Bank

The ADB report also sees economy recovering to grow at 7.3 per cent in 2018 and 7.6 per cent in 2019, aided by various growth-oriented policy measures.
People walking

Jobless growth a myth, not possible for India to grow at 7.3% with decelerating labour

The loud proponents of “jobless growth” are doing their bit to ensure we don’t ask the right questions about Indian economy.
India Gate, New Delhi | Daniel Berehulak/Getty Images

Only a political startup can crush India’s anti-prosperity machine

India’s rulers have changed, but the rules have not. Without smashing the anti-prosperity machine, we are not going to become free and prosperous. Poverty is not our destiny. India should have been a rich, developed nation by now, but it is not. That we in India are not at least 10 times richer than we should have been is a matter of great disappointment. People can and do create prosperity when they are free to produce and trade. But governments interfere in wealth creation. The role of governments, politicians and bureaucrats The politicians and bureaucrats do this out of ignorance, greed and a hunger for power. They do not understand why nations are poor and what can be done for prosperity. They centralise decision-making and make it discretionary and, therefore, create wealth-usurping opportunities for themselves. Their desire for power makes them use the force of the state to discriminate between people and thus...
The World Economic Forum's Global Competitiveness Index says India is ranked 40 among 137 economies

The missing culture of exports and fear of scale will hurt Indian economy

Boosting economic growth and export growth is as much a productivity challenge as it is going to be a political economy challenge for India. Is India’s statecraft up to it?
A file photo of Prime Minister Narendra Modi | PIB

There may have been reasons to support Modi in 2014, ‘right-wing economics’ wasn’t one

Modi govt’s tenure has been a case of squandered opportunities and a ‘lost half a decade’ for the prosperity of Indians.

On Camera

Cyclists ride along the Venice Beach boardwalk on May 25.

Social distancing or herd immunity? A combination of both needed to contain Covid

The US desperately needs a solid strategy unlike what the Trump administration has in place — doing almost nothing and telling people the disease will go away.

India at the doorstep of economic revival, says RBI governor Shaktikanta Das

Speaking at a book launch, Das said India followed the fiscal expansion path to deal with Covid-related challenges and govt will have to spell out a fiscal roadmap post-Covid.

Defence

File photo of INS Kavaratti | Indian Navy

Navy to commission INS Kavaratti, an indigenously-built warfare stealth corvette tomorrow

Like its predecessors, the new corvette does not have air defence systems than the close-in weapons deployed on board and the Navy is looking at getting new Short Range Air Defence System.
Illustration by Soham Sen

NDA is sacrificial horse as Modi-Shah complete their Ashwamedha & redefine Indian politics

You like Modi-Shah’s new plan, good for you. If you don’t, you will need more than viral tweets to challenge this Ashwamedha.