Let us not mistake today’s economic crisis in India for a purely Covid-related one. The Indian economy has been in slowdown mode since 2015. The past 5 years have been marred by one economic blunder after another, causing untold hardship and misery to millions of Indians. I won’t go into the details of those bad… Continue reading What Can Help the Blundering, Comatose Indian Economy?
"Howdy Modi" was returned with "Namasté Trump" in equal pomp and splendor. No stone was left unturned in welcoming Trump to India: he got to inaugurate the world’s largest cricket stadium in Ahmedabad, in Modi’s home state, and the city got a new wall (one that would make Trump proud) to keep the slums and… Continue reading Of Bluster, Braggadocio and Burnt Embers
It has been several months and quarters of agony for the Indian automobile industry, what with vehicle sales falling. The rapid growth rate registered in the 2004 to 2013 period seems to have sputtered to a slow growth, if that. Newspapers and magazines are suddenly full of news about falling vehicle sales and job losses;… Continue reading Stuck in the Slow Lane
While the news in and out of India in recent days has been, quite rightly, hogged by the Kashmir issue, I would like to draw your attention to the economic slowdown in India. There probably isn’t a soul anywhere in the world who hasn’t heard of Prime Minister Narendra Modi’s invitation to foreign investors, “Make… Continue reading A Made-in-India Economic Slowdown
At the moment, India is in the grip of election fever and it is not surprising that each political party is promising sops to the farmers and the poor. Well, the ruling party started doling out a farmer income support programme called PM KISAN (Pradhan Mantri Kisan Samman Nidhi) from December last year which promises… Continue reading Universal Basic Income: A Gift for All?
Large giveaways, sops to please various constituencies, tax concessions to win the middle class, etc. Nothing surprising in the interim (read election) budget announced a few days ago in India. But when you consider that the ruling party alliance came to power with the largest majority in a long time and on the back of… Continue reading Largesse Oblige Needed
Right now, looking out of the window of our first floor flat, I see what I am told is a fig tree. It has shed all its leaves and is busy sprouting tiny, new, green ones. Strange for this time of the year in Goa, where we have just bid goodbye to the South West… Continue reading Green shoots, really?