Exports in the first half of this fiscal year were $267 billion, 1.9 per cent higher than last year. This was dismal if exports are to be the engine driving GDP growth. Imports, at $312 billion, reflected poor domestic demand and contracted by 3.2 per cent. The only good news was that the trade deficit […]Read More A hybrid export model might fly
Two burly, senior citizens – Prime Minister Modi and President Xi doing a tango on the beach at Mamallapuram doesn’t quite evoke the carefully synchronised but fiercely intense passion of this Argentinian dance form. Even the cool looking, athletic Barrack Obama was left with two left feet when he was led onto the floor for a […]Read More Tango in Mamallapuram
Who can imagine the demons in a person’s mind which push him to end his life? Nor can one be privy to the dull pain of the inevitable, unnecessary guilt, in the minds of family and friends — whether doing something different could have prevented it. The pull of family pride Remember the 2018 Rajkumar […]Read More Coffee King buckles
Modi 1.0 was all about learning the ropes of national governance. Budget preparation and execution is a key ingredient. Budget purists cavil that budgets under Modi 1.0 were high on fuzzy motherhood goals and discretionary expenditure but low on schematic, multiplier enhancing allocations. Arun Jaitley’s five years as FM Rhetoric and poetry are part of […]Read More Budget FY2020 – Marching to a different drum beat
We are all of the “buy and forget” generation, which expects not to be distracted from its primary focus — be it mere survival or amassing wealth; remaining young forever; spirituality; saving the planet from self-destruction or just studying to score a perfect 100 per cent in the exams. This extreme focus leaves little time […]Read More Can Modi 2.0 cater to the bindaas Vote and Forget generation?
It’s a terrible time to be a minister in the Union government. The economy is tanking under the weight of debt funded public expenditure and low private investment due to the lacklustre consumer demand. Private corporate headline growth is low on the back of low capacity utilisation, which hits government tax revenues adversely and casts […]Read More Modi 2.0: Time for frugal good governance
The 2019 election results illustrated the transformative political and social changes sweeping India. Will the new Narendra Modi government adapt its economic policies to fit the changed expectations or will it dish out more of the same? The honeymoon is over The 2014 Budget was expectedly a laundry list of good intentions. Five years down […]Read More Modi 2.0 Different Economic Strokes?
So hotly are the elections being contested that it is easy to forget the real life challenges awaiting the new government. Challenges come in three buckets — institutional; policy design and uncertainties from external and domestic shocks. Poor policy choices are easily reversed, institutional change happens slowly while shocks can neither be forecast nor fully […]Read More Bitter morning-after pill awaiting new government