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?
Tag: Rural distress
Does India’s Budget 2020 Rev Up Growth: Owl Wisdom Podcast
The Indian government just presented the Union Budget for 2020-21 a few days ago, and this one was more anticipated than those in years gone by for the simple reason that the current slowdown in the Indian economy is unprecedented. In this Indian budget special edition of the Owl Wisdom Podcast, I examine the highlights… Continue reading Does India’s Budget 2020 Rev Up Growth: Owl Wisdom Podcast
Made-in-India Slowdown Made to Benefit the Haves
I am sure nobody was surprised when news of India’s Q2 GDP trickled in a few days ago. It was anticipated that the slowdown will be worse than the previous quarter. In fact, I was surprised to hear business news channels breathing a sigh of relief that GDP growth rate hadn’t come in at 4%… Continue reading Made-in-India Slowdown Made to Benefit the Haves
Indian Elections 2019: Theatre of the Absurd
It is said that Indian elections are the greatest experiment in democracy. In a nation of 1.3 billion people and over 900 million eligible voters, that does mean a grand pageant. Some observers, talking to Matthew Amroliwala on BBC World News, even called it a great “festival of democracy”. If you watch the news and… Continue reading Indian Elections 2019: Theatre of the Absurd