Thursday, February 29, 2024
Inflated views and deflated economy RN Bhaskar “When India moves forward, the world moves forward” “Today's India is leaving behind the mentality of slavery and embracing that ancient glory of art.” Narendra Modi, Prime Minister of India, on 28 May 2023 -- https://pib.gov.in/PressReleseDetail.aspx?PRID=1927866   Leaders...
Great plans for an India-ME-Europe corridor to mimic China’s BRI By RN Bhaskar On 9 September, the US While House put out a notification (https://www.whitehouse.gov/briefing-room/statements-releases/2023/09/09/fact-sheet-world-leaders-launch-a-landmark-india-middle-east-europe-economic-corridor/).  It informed the world the following: “Today, we the leaders of the United States, India, Saudi Arabia, the...
Power generation is as critical to humans as water, education, and healthcare. The government has goofed badly on all these front At first glance, India has done quite impressively on the power generation front.  Statistics from the Central Electricity...
China's problems are becoming viral news.  Is the situation that bad? RN Bhaskar The Western world and its allies are in a state of funk.  They oscillate between aggression and fear – a kind of collective paranoia seldom seen before. They...
Trade requires discussion and consultation. Not unilateral action RN Bhaskar The government has been seesaw-ing quite a bit during recent months.  Some of them will hurt India in many ways.  And there are serious implications for the future of trade and...
Governance: hype, hope, and hell RN Bhaskar There is confusion that has gripped many Indians about the fate of the country’s polity and its future. On the one hand there are eulogies about the enormous potential India holds out. On the other are...
Policy watch Is India losing money faster than inbound FDI? RN Bhaskar Politicians in India love hyping up this country’s investment story. That means excellent FDI (foreign direct investment) inflows. A good example is the way the Union commerce minister likes to...
Can India grow to #3 in the world by 2028? RN Bhaskar Last week, Prime Minister Narendra Modi announced that India would become the third largest economy in the world by the end of his third term (https://indianexpress.com/article/india/pm-modi-india-worlds-top-3-economies-third-term-8862006/).  He said he...
Has India eliminated poverty? RN Bhaskar Last week, the government proudly declared that it had reduced Multidimensional poverty during the past five years (https://pib.gov.in/PressReleaseIframePage.aspx?PRID=1940125). It claimed that. 13.5 crore Indians escape Multidimensional Poverty in 5 years. Steep decline in number of...
The hype about India being the most attractive investment destination RN Bhaskar Suddenly, there is a rash of announcements proclaiming India to be the best investment destination in the world.  Such a view has been echoed by, among others by Outlook...