When purchasing power dries up so much that rural labourers & urban blue-collar workers have to think twice about biscuits, then the situation is desperate.
Indian judiciary has a corrosive imbalance between the bar and the bench. Those who supervise the district judiciary do so without the lived experience that is essential for meaningful reform.
November exports to the US saw 10% growth from the previous month. Overall, in the first 8 months this fiscal, the merchandise exports to the US touched has touched $59bn.
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.
Can low volume sale of biscuits measure slow down? The makers need to investigate whether the low income consumer are getting some thing more cheaper or may be they are eating more Pani puri for ₹10.
I’ve always admired Andy for his brilliant writing style, ability to present complex issues in a easy-to-understand fashion, and his grip over economics and finance. As a business journalist myself, I’ve taken Andy as a role model. But this article is so dense. He monkeys from subject to subject, from biscuits to divvying up economy to Air India to GST to NBFCs to microfinance. And makes sweeping, editorializing statements like “The poorly designed, badly implemented plan backfired”.
But the core message is that the Indian economy is doing so bad, wages are so bad that people can’t buy Rs 5 biscuit packets. Rubbish! There is a slowdown because the economy is in a structural change wobble, but for sure things are not so bad.
Yes, tie aspirational economy is measured by Mercedes sold, not biscuits. It makes these so called economist ashamed. Who is in delusion???
To conclude that situation in India is bad because sake 5 RS biscuit packet has gone down is “bullshit”.
Just gibberish
One of the most consistent cheerleaders has been Sunil Alagh. Wonder what he makes of the current situation.
Can low volume sale of biscuits measure slow down? The makers need to investigate whether the low income consumer are getting some thing more cheaper or may be they are eating more Pani puri for ₹10.
I’ve always admired Andy for his brilliant writing style, ability to present complex issues in a easy-to-understand fashion, and his grip over economics and finance. As a business journalist myself, I’ve taken Andy as a role model. But this article is so dense. He monkeys from subject to subject, from biscuits to divvying up economy to Air India to GST to NBFCs to microfinance. And makes sweeping, editorializing statements like “The poorly designed, badly implemented plan backfired”.
But the core message is that the Indian economy is doing so bad, wages are so bad that people can’t buy Rs 5 biscuit packets. Rubbish! There is a slowdown because the economy is in a structural change wobble, but for sure things are not so bad.