The Italian term sprezzatura—a studied nonchalance that conceals intention—best captures the spirit of Trump’s foreign policy so far. The pattern is unpredictability, transactionalism, and disruption as diplomacy.
With 20.2 percent of its total loans in default by the end of last year, Bangladesh had the weakest banking system in Asia. Despite reforms, it will take time to recover.
This world is being restructured and redrawn by one man, and what’s his power? It’s not his formidable military. It’s trade. With China, it turned on him.
The figure of $ 5 trillion would represent the total output of goods and services in the Indian economy in a financial year. It would help the economy reach that significant milestone if the experts in Niti Aayog can disaggregate this figure into its component parts / sectors, enabling a roadmap to be drawn up. How much would come from agriculture, industry, services. That needs further detailed break ups, how much from software, tourism, power. What would be the approximate level of government – state and Centre – revenues, expenditure, volume of bank deposits, credit to various sectors., foreign trade. Absent such detailed exercises – not that one is recommending a return to state control and planning – the figure will become largely symbolic and inspirational, like the lion logo for Make in India.
The figure of $ 5 trillion would represent the total output of goods and services in the Indian economy in a financial year. It would help the economy reach that significant milestone if the experts in Niti Aayog can disaggregate this figure into its component parts / sectors, enabling a roadmap to be drawn up. How much would come from agriculture, industry, services. That needs further detailed break ups, how much from software, tourism, power. What would be the approximate level of government – state and Centre – revenues, expenditure, volume of bank deposits, credit to various sectors., foreign trade. Absent such detailed exercises – not that one is recommending a return to state control and planning – the figure will become largely symbolic and inspirational, like the lion logo for Make in India.
China started rolling out a red carpet in 1978. We are still talking about removing the red tape in 2019.