It isn’t what you think. Political winds haven’t shifted yet. But the air is thick with doubts, economic stress is hurting and for the first time since his rise in 2013, the PM is fighting back.
The owner of a gold bangle manufacturing unit in Old Delhi’s Kucha Mahajani market speaks about job losses due to a slowing economy and other factors like demonetisation and GST.
As the debate rages over who's to blame for a slowing economy, a panel of eminent experts including Rahul Bajaj, Adi Godrej, Ajay Shah, Arvind Virmani and Ajit Ranade explain what can be done to revive it.
Amid talk of jobless growth and the urgent need for India to create employment for its millions of young men and women, the Chief Statistician of India, T.C.A. Ananth, says there is not much evidence to show that the unemployment scenario may have worsened in the last three or four years.
Anubhuti Vishnoi
While bond yields tend to fall amid low inflation & interest rate cuts, market experts say they’ve been rising due to concerns over tax collections, fiscal deficit & potential impact of US tariffs.
It is one of the most advanced long-range air defence and anti-missile radars. It has been acquired under an about USD 145-million deal signed in 2020.
To be truly functional and durable, even eternal, a state doesn’t just need a leader, a party or an ideology. It needs functional and robust institutions.
So you, as the restorer, have to set realistic goals as
to exactly what parts of the car you are going to restore to
their original states and what parts of the car you are
willing to restore “as close as possible” to their
original states. Driven aggressively, the cars will run out of power in about 30
minutes. Go to the search tool and search for keyword
like used cars in Bangalore, pre owned cars and second hand cars in Bangalore.
Ambedkar’s Annihilation of Caste speech so succinctly spells it out that you cannot build a world class society with caste differences. The BJP government has exacerbated those differences not just amongst caste but also amongst religion. And we also now seem to be led by the so called “superior castes” mentioned in the shastras. This is fundamentally wrong and this government will fail if not today, then on another day. Economic weakness and lack of talent factors will just make it faster.
One thing I don’t understand when Congress wins an election(after 2014),it’s described as people’s mandate or against “Modi Wave”. But at the same time when BJP wins, then it’s turned a Election-winning machine not people’s mandate. Same group of people abusing Modi for communal before 2014 now calling him a failure economists which he never claims for himself.
In Bengal BJP president of the state heckled. In Gujarat there were disruptive noise while AmitShah addressing. Even the changing decibels of speeches into shrill voices common man observing intently. Voters go to cast their votes keeping in mind their sufferings. They don’t cast votes by reading articles.
Mere wishful thinking of anti Modi/anti BJP brigade.The one hour speech referred by you has made many thing clear regarding state of our economy.Modi said that he will not compromise on the long term interests of the country for any short term gains.
SG Sir..huge diff in 2012..Govt allowed the things to drift…here Govt has gud 1 year plus. Fixes hv started happening …apart fm eco…OBC will roll out…Ram temple another back up
The author has tried his best to appear neutral but has unfortunately not succeeded in passing-off his wishes as impending reality Looking at things from the other side of the spectrum, the fact that Modi has been able to out-rightly counter the onslaught of his opponents for good three years, in itself speaks of his grit. Even if the recent maneuvers appear to be defensive, as the writer would like to believe, Modi’s ability to convert crisis into an opportunity should not be under-estimated. AS far as the economy is concerned, it is never as good as the government of the day projects or as bad as the opponents portray. Some slowdown was always expected after the two 100-volt jolts, not so much because of their superficial impact but more because of the cultural shift they have imposed on the business community that was used to a more ‘amenable’ way of doing business. Even if we ignore the jobs created by the persistent infrastructure push over the last three years, and a relatively good monsoon this year, the overall employment scenario, which has always remained challenging, hasn’t deteriorated substantially. On the other hand, as much as the opponents might want to disbelieve, the fact remains that large sections of the population have also benefited directly through schemes like Ujwala, Ujala, Mudra, DBT, etc. It would be difficult to expect crores of such direct beneficiaries to be forgetful, especially with the kind of aggressive social media coverage the welfare schemes have obtained. Lastly, let us also not commit the mistake of mistaking the silence over high profile corruption cases of the previous government, as permanent closure. Sufficient political arsenal might have been gathered on these cases stealthily over the last three years while the media was busy with petty aspersions. This alone could be sufficient to win another central election.
A more liberal view from a liberal mefia who did not go down aggressively against the PM. Yes economy is down due to GST and Demonitisation. But this bitter pill had to be taken at some stage.
Now we need to see how the last 1.5 years turn around. Modi has always surprised people, politicians and especially the media
A more liberal view from a liberalisation who did not go down aggressively against the PM. Yes economy is down due to GST and Demonitisation. But this bitter pill had to be taken at some stage.
Now we need to see how the last 1.5 years turn around. Modi has always surprised people, politicians and especially the media
Nice article Shekhar Gupta ji. The tone of the article was set perfectly, no whining or bashing, but with nice and slow facepalms. Hop the Oratorical master gets the point.
You have well articulated the political situation especially about the govt and Mr. Modi… Hope Govt takes note of these and act accordingly to improve the confidence of the people who have faith on Mr. Modi.
It is no surprise that the poor people in the country are in such a miserable state when a journalist from a business publication supports > 100 % taxes on petrol — High petrol taxes that affect poor people much more so than “the whining middle classes”. And the same high taxes are then used to help ~800 members of parliament live in tax-payer subsidized housing – while many of those houses each have a market price equal to >Rs. 600 crores.
I wonder at the consistent manufacturing of new ideas to down Modi since aeons. I bet name an euridite army of our wonderful journalist who is never off record, I can tell what he has written. Further, Congressme, Corrupt, Free loaders and Muslims can never accept Modi doing good for India.
The economy was the least of anyone’s concerns. There were so many peripheral issues taking centre stage, creating bursts of static, drowning out what ought to have been the symphony of a government purring like a Rolls Royce engine, its tanks brimful of political capital, enjoying the enormous tail wind of drastically lower oil / commodity prices. Instead, we now have India growing more slowly than many of its peers. So the wind is shifting. Good, constructive, remedial action is required, lest it become a gale.
Thank you for every other wonderful post. The place else
may anybody get that kind of information in such an ideal method of writing?
I have a presentation next week, and I am at the search for
such info.
So you, as the restorer, have to set realistic goals as
to exactly what parts of the car you are going to restore to
their original states and what parts of the car you are
willing to restore “as close as possible” to their
original states. Driven aggressively, the cars will run out of power in about 30
minutes. Go to the search tool and search for keyword
like used cars in Bangalore, pre owned cars and second hand cars in Bangalore.
Ambedkar’s Annihilation of Caste speech so succinctly spells it out that you cannot build a world class society with caste differences. The BJP government has exacerbated those differences not just amongst caste but also amongst religion. And we also now seem to be led by the so called “superior castes” mentioned in the shastras. This is fundamentally wrong and this government will fail if not today, then on another day. Economic weakness and lack of talent factors will just make it faster.
One thing I don’t understand when Congress wins an election(after 2014),it’s described as people’s mandate or against “Modi Wave”. But at the same time when BJP wins, then it’s turned a Election-winning machine not people’s mandate. Same group of people abusing Modi for communal before 2014 now calling him a failure economists which he never claims for himself.
What is said is to keep ruling dispensation happy & saving own skin
Which is not espected from a person of Ur caliber
In Bengal BJP president of the state heckled. In Gujarat there were disruptive noise while AmitShah addressing. Even the changing decibels of speeches into shrill voices common man observing intently. Voters go to cast their votes keeping in mind their sufferings. They don’t cast votes by reading articles.
If only wishes were horses mr Gupta , you would fly ??
Mere wishful thinking of anti Modi/anti BJP brigade.The one hour speech referred by you has made many thing clear regarding state of our economy.Modi said that he will not compromise on the long term interests of the country for any short term gains.
Modi is clueless uneducated and feku
SG Sir..huge diff in 2012..Govt allowed the things to drift…here Govt has gud 1 year plus. Fixes hv started happening …apart fm eco…OBC will roll out…Ram temple another back up
The author has tried his best to appear neutral but has unfortunately not succeeded in passing-off his wishes as impending reality Looking at things from the other side of the spectrum, the fact that Modi has been able to out-rightly counter the onslaught of his opponents for good three years, in itself speaks of his grit. Even if the recent maneuvers appear to be defensive, as the writer would like to believe, Modi’s ability to convert crisis into an opportunity should not be under-estimated. AS far as the economy is concerned, it is never as good as the government of the day projects or as bad as the opponents portray. Some slowdown was always expected after the two 100-volt jolts, not so much because of their superficial impact but more because of the cultural shift they have imposed on the business community that was used to a more ‘amenable’ way of doing business. Even if we ignore the jobs created by the persistent infrastructure push over the last three years, and a relatively good monsoon this year, the overall employment scenario, which has always remained challenging, hasn’t deteriorated substantially. On the other hand, as much as the opponents might want to disbelieve, the fact remains that large sections of the population have also benefited directly through schemes like Ujwala, Ujala, Mudra, DBT, etc. It would be difficult to expect crores of such direct beneficiaries to be forgetful, especially with the kind of aggressive social media coverage the welfare schemes have obtained. Lastly, let us also not commit the mistake of mistaking the silence over high profile corruption cases of the previous government, as permanent closure. Sufficient political arsenal might have been gathered on these cases stealthily over the last three years while the media was busy with petty aspersions. This alone could be sufficient to win another central election.
A more liberal view from a liberal mefia who did not go down aggressively against the PM. Yes economy is down due to GST and Demonitisation. But this bitter pill had to be taken at some stage.
Now we need to see how the last 1.5 years turn around. Modi has always surprised people, politicians and especially the media
A more liberal view from a liberalisation who did not go down aggressively against the PM. Yes economy is down due to GST and Demonitisation. But this bitter pill had to be taken at some stage.
Now we need to see how the last 1.5 years turn around. Modi has always surprised people, politicians and especially the media
Nice article Shekhar Gupta ji. The tone of the article was set perfectly, no whining or bashing, but with nice and slow facepalms. Hop the Oratorical master gets the point.
After sometime I read something interesting about the state of politics.
Dear sir,
You have well articulated the political situation especially about the govt and Mr. Modi… Hope Govt takes note of these and act accordingly to improve the confidence of the people who have faith on Mr. Modi.
Rgds Venkat.
Some tweet beats skipping.Some depriciation in popularity is setting.
It is no surprise that the poor people in the country are in such a miserable state when a journalist from a business publication supports > 100 % taxes on petrol — High petrol taxes that affect poor people much more so than “the whining middle classes”. And the same high taxes are then used to help ~800 members of parliament live in tax-payer subsidized housing – while many of those houses each have a market price equal to >Rs. 600 crores.
I wonder at the consistent manufacturing of new ideas to down Modi since aeons. I bet name an euridite army of our wonderful journalist who is never off record, I can tell what he has written. Further, Congressme, Corrupt, Free loaders and Muslims can never accept Modi doing good for India.
The economy was the least of anyone’s concerns. There were so many peripheral issues taking centre stage, creating bursts of static, drowning out what ought to have been the symphony of a government purring like a Rolls Royce engine, its tanks brimful of political capital, enjoying the enormous tail wind of drastically lower oil / commodity prices. Instead, we now have India growing more slowly than many of its peers. So the wind is shifting. Good, constructive, remedial action is required, lest it become a gale.