A hybrid export model might fly

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 […]

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Its’ smart to stoke private demand

It’s going to be a sombre Deepawali this year. If there were any doubts, the RBI Monetary Policy report of October 4 dispels them succinctly. Missing demand Global apprehensions abound around the policy and political uncertainty unleashed by the proxy war for access to markets between the US and China. Back home, slowing private demand […]

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Modi 2.0 100 not out!

The first 100 days of the Modi 2.0 government have been marked by lows and highs. Sadly, the lows are longer lasting, while the highs are transient, even in the short term. The biggest low was the Budget for FY 2019-20 in July, which was presented, in the absence of the late Arun Jaitley, with […]

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Indian Economy – The great slide

It’s scarier going downhill than climbing to the top. Whilst on the way up, the heavyweight of inertia is known and hence manageable. Going downhill, inertia accelerates descent in unknown ways.  The economy is no different. Flab (public sector banks), poorly maintained brakes (uncompetitive private firms), worn gear cogs (lack of structural reforms) or inadequate […]

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Indian economy riding a roller coaster

Even the political surgical strike “integrating” Kashmir failed to divert attention from the woes of investors, employees and entrepreneurs — all of whom are stuck with a similar malady: poor returns. Where has the fizz gone? Why has the fizz gone out of the economy? Two alternative viewpoints suggest themselves. One is the view fingering […]

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Coffee King buckles

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 […]

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Modi 2.0 Different Economic Strokes?

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 […]

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