Is India the global fall-guy?

It can’t be very gratifying being the Finance Minister when the International Monetary Fund is calling out India for being a growth laggard pulling down world growth in 2019 to 2.9 per cent (from 3.3 per cent forecast earlier) and in 2020 to 3.4 per cent (from 3.6 per cent forecast earlier). International Financial Institutions […]

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Changing India

India is changing – fast and on the run. Consider first, the distance Modi’s BJP has traveled from being a pro-business, pro-markets, pro small government, quasi “liberal” party in 2014 to becoming indistinguishable from the left in terms of its devotion to “welfarism” and large government. Nobel Laureate Abhijit Banerjee said as much recently in […]

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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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Beware a dystopic democracy

The film Joker – starring the amazingly versatile Joaquin Phoenix – now playing in the capital’s theaters – is a graphically violent and deeply despairing portrayal of a society sans any empathy for “losers” – those who end up believing they are one. Every society has its share of drop-outs, misfits and the unlucky. Good, […]

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Modi 2.0 Benign Ambition

So, the laddoos will remain to be savoured in the spanking new BJP headquarters. But formal celebrations are delayed. The results cannot be announced till 5 vote-verified-paper-audit-trail (VVPAT) per assembly segment are matched with the vote count of the Electronic Voting Machines (EVM)– a concession the Supreme Court gave to the wailing opposition parties who […]

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