Although economists have warned against decisions like America First and Brexit, India does have the edge when it comes to boosting domestic consumption post-coronavirus.
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Order for 87 MALE drones will be split between 2 Indian firms in 64:36 ratio to ensure there are 2 independent manufacturing lines with at least 60% indigenous components.
The India-South Africa series-defining fact is the catastrophic decline of Indian red ball cricket where a visiting team can mock us with the 'grovel' word.
Dynamic political leadership of Modiji at national & international level & success is beyond question.Now post Corona – innovative fruit bearing economic leadership is essential & going will be very tough .
Domestic consumption needs money in the pocket, which is completely absent now. Even if by some miracle the money-in-pocket returns to pre-covid levels, the consumption will NOT reach pre-covid levels. Like never before, or perhaps for the very first time, people have realized that you need to keep LOTS OF IDLE MONEY in hand, because COVID kind of crazy things CAN happen.
As for.. “A lot will depend on Modi’s nuanced economic leadership in the coming months”, just forget it. The columnist has herself answered it in her last line… “something we haven’t seen in the last six years.”
Modi ji does not know or want to know about economics. Once he invited the recent Economics Nobel laureate Sanjeev Banerjee. (?. Sorry if I have got the name wrong). One would have thought he would ask him something about improving India’s economic condition. The Banerjee fellow came out and said Modi ji told him in detail how he was improving India’s economic condition.
The former Reserve Bank Governor, Raghuram Rajan claims he has the key to unlock the economy post Covid-19. That I’d what he said in his last TV interview.
India will have to sing for its supper in a post Covid 19 world. We have got addicted to inflows of foreign capital, not necessarily a bad thing at this stage of our development, but a lot of that has been flared in consumption, not creation of world class infrastructure and manufacturing facilities. The growth premium foreigners were willing to pay for Indian stocks will become unsustainable if growth settles into a new Hindutva rate. Lower growth will also make the surge in public debt a worry, with the possibility of a sovereign ratings downgrade. India will have to reform, as it did in 1991. In the last six years, that fire in the belly has been totally absent.
Dynamic political leadership of Modiji at national & international level & success is beyond question.Now post Corona – innovative fruit bearing economic leadership is essential & going will be very tough .
Sorry, the name is Abhijit Banerjee, and not Sanjeev B as I wrongly mentioned in my earlier comment. My apologies
Domestic consumption needs money in the pocket, which is completely absent now. Even if by some miracle the money-in-pocket returns to pre-covid levels, the consumption will NOT reach pre-covid levels. Like never before, or perhaps for the very first time, people have realized that you need to keep LOTS OF IDLE MONEY in hand, because COVID kind of crazy things CAN happen.
As for.. “A lot will depend on Modi’s nuanced economic leadership in the coming months”, just forget it. The columnist has herself answered it in her last line… “something we haven’t seen in the last six years.”
Modi ji does not know or want to know about economics. Once he invited the recent Economics Nobel laureate Sanjeev Banerjee. (?. Sorry if I have got the name wrong). One would have thought he would ask him something about improving India’s economic condition. The Banerjee fellow came out and said Modi ji told him in detail how he was improving India’s economic condition.
The former Reserve Bank Governor, Raghuram Rajan claims he has the key to unlock the economy post Covid-19. That I’d what he said in his last TV interview.
India will have to sing for its supper in a post Covid 19 world. We have got addicted to inflows of foreign capital, not necessarily a bad thing at this stage of our development, but a lot of that has been flared in consumption, not creation of world class infrastructure and manufacturing facilities. The growth premium foreigners were willing to pay for Indian stocks will become unsustainable if growth settles into a new Hindutva rate. Lower growth will also make the surge in public debt a worry, with the possibility of a sovereign ratings downgrade. India will have to reform, as it did in 1991. In the last six years, that fire in the belly has been totally absent.