India's growing at more than twice the speed of global economy, and doing better than any other large economy, but longer-term problems with country's statistical system & data base remain.
Demographic dividend can be exploited only if people are actually working, and if they have proper education & skills. India has fallen short on both counts.
It takes 8-10 years for a selection process to be carried through while the defence services wait. Indeed, in the end, there may be no acquisition at all.
The Vajpayee govt suppressed food prices and lost, while the first Manmohan Singh govt corrected that and was re-elected. It’s good politics and good economics.
When he was asked why he was so loud in his criticisms of Indian industry when his purpose could be better served by a shrewder approach, he said, “Because I am a Punjabi, not a Marwari”.
New bill aims to fix key issues with IBC 2016, including delays & patchy implementation, and protect creditors, with window for genuine promoters to retain control of their companies.
The new engine, set to be developed over the next 10 years, will power the second tranche of Advanced Medium Combat Aircraft. First set will be equipped with GE 414 engines.
Now that both IAF and PAF have made formal claims of having shot down the other’s aircraft in the 87-hour war in May, we can ask a larger question: do such numbers really matter?
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