In Episode 1544 of CutTheClutter, Editor-in-Chief Shekhar Gupta looks at some top economists pointing to the pitfalls of ‘currency nationalism’ with data from 1991 to 2004.
Among 19 Indian firms sanctioned by US Treasury Dept was Lokesh Machines Ltd accused of coordinating with 'Russian defence procurement agent to import Italy-origin CNC machines'.
While we talk much about our military, we don’t put our national wallet where our mouth is. Nobody is saying we should double our defence spending, but current declining trend must be reversed.
Good to see Mr Chari taking a sober look at what confronts India instead of the usual BJP hype about the fastest growing economy, emerging superpower etc. However he has not referred to the practice in the NDA of constantly changing the way data is handled and the shaky ground on which our growth data stand. This is a direct result of the MOdi Govt’s compulsion to make itself look good at any cost , ignoring professional inputs about the economy. He has also downplayed the challenges which will be faced by Mr Modi on multiple fronts when dealing with a capricious Trump administration , hell bent on getting the maximum, for itself out of any engagement.
An aircraft is only as good as the thrust its engines generate. Our economy, trundling along at 4.5% for close to a decade, will not allow us to play the global role we aspire to.
Good to see Mr Chari taking a sober look at what confronts India instead of the usual BJP hype about the fastest growing economy, emerging superpower etc. However he has not referred to the practice in the NDA of constantly changing the way data is handled and the shaky ground on which our growth data stand. This is a direct result of the MOdi Govt’s compulsion to make itself look good at any cost , ignoring professional inputs about the economy. He has also downplayed the challenges which will be faced by Mr Modi on multiple fronts when dealing with a capricious Trump administration , hell bent on getting the maximum, for itself out of any engagement.
An aircraft is only as good as the thrust its engines generate. Our economy, trundling along at 4.5% for close to a decade, will not allow us to play the global role we aspire to.