Without peace development is meaningless and unachievable. It is futile to except anything from a man and organisation whose at foundation lays hate and genocide. Dalits, Muslims, Christians together constitute more than 30%of population, so Modi is effectively pushing out 1/3 of human resource of India out of economic cycle and growth.
How is getting capital from investors from overseas to build new businesses and grow existing ones equivalent to selling the country? There is hardly any local capital available locally for almost anyone except the favoured few!
FDI actually makes the pie grow bigger and gives access to larger global markets too!
Great article. Doesn't take too much intelligence to understand this from the daily news.
Isn't it also true that India is increasingly getting confrontational? Take a look a the highly inflammable suggestion of criminalisation of non-use of CRS funds (which was later repealed); the 'national interest' speech; the fight with Twitter; even if for domestic consumption, the summoning of Infosys; the stance against Amazon etc. (yes, its true that they hurt a lot of small players); look at the intervention in Aviation (time-based fares and caps) etc. The message sent out is of strong confrontation on all sides.
Strong support to him despite the worsening economy, high unemployment, stalling eco-mobility, the apocalyptical 2nd wave, etc., leads him to rightly conclude that he does not need to deliver on the economy but only on emotive issues. He doesn't care about world opinion either, as he controls the narrative at home.
Investors, economists, world powers - now see India as movie-of-the-month from the past year. The world moves on. And he will be accommodated alongside Erdogan, Duterte, etc. We, the people, are rushing enthusiastically towards a long dark era.
India will get huge FDI by its acceptance to join Chinese OBOR. Should we do that?
Absolutely not! We have to find our own answers. Growth rate means nothing if common man can not have good life. None of India's neighbours are secular. See what's happened in Afghanistan!
Absolutely fantastically written! It's a rare person who can simplify things so much. I knew most of all that you wrote, but the FDI (20% of GDP)-ICOR of 5% - equation was brilliantly simplified. And the connections between domestic politics and priorities and GDP growth was terrific. Unfortunately, what this means is that India is going the Russia way, not China. Illiberal and full of oligarchs.
Your writing shows nearly unparalleled clarity of thought .
It is an absolute delight and a privilege to read you . Please keep writing. Making sense of this Modiverse is daunting but your writing goes a long way in helping me do it . Kudos .
It may be a dilemma for observers but for Modi and BJP, the choice is clear - self and party first, catchy slogans and flashy events to bamboozle the electorate.
Without peace development is meaningless and unachievable. It is futile to except anything from a man and organisation whose at foundation lays hate and genocide. Dalits, Muslims, Christians together constitute more than 30%of population, so Modi is effectively pushing out 1/3 of human resource of India out of economic cycle and growth.
Not accurate...
Domestic policy has nothing to do with economy, none of the Asian tigers (other than Japan) were even a democracy, Israel isn't secular
Even the trade protectionism isn't fully correct
Both S korea & Japan were protectionist in import of finished products but liberal on import of raw materials
BJP is somewhat pro-dalit in many states (exception are there like Gujarat) like UP, West Bengal & entire east of India
It's understandable that you would rather sell the country to Amazon and Google's than your local BILLIONAIRES .. you trust them more.
All growth countries have their own rich people, not imported. China, Dubai, Singapore, even Bangladesh.
How far would you go to self hate fellow Indians?
How is getting capital from investors from overseas to build new businesses and grow existing ones equivalent to selling the country? There is hardly any local capital available locally for almost anyone except the favoured few!
FDI actually makes the pie grow bigger and gives access to larger global markets too!
FDI of 20%? Where in world or in history has this happened?
Great article. Doesn't take too much intelligence to understand this from the daily news.
Isn't it also true that India is increasingly getting confrontational? Take a look a the highly inflammable suggestion of criminalisation of non-use of CRS funds (which was later repealed); the 'national interest' speech; the fight with Twitter; even if for domestic consumption, the summoning of Infosys; the stance against Amazon etc. (yes, its true that they hurt a lot of small players); look at the intervention in Aviation (time-based fares and caps) etc. The message sent out is of strong confrontation on all sides.
Strong support to him despite the worsening economy, high unemployment, stalling eco-mobility, the apocalyptical 2nd wave, etc., leads him to rightly conclude that he does not need to deliver on the economy but only on emotive issues. He doesn't care about world opinion either, as he controls the narrative at home.
Investors, economists, world powers - now see India as movie-of-the-month from the past year. The world moves on. And he will be accommodated alongside Erdogan, Duterte, etc. We, the people, are rushing enthusiastically towards a long dark era.
India will get huge FDI by its acceptance to join Chinese OBOR. Should we do that?
Absolutely not! We have to find our own answers. Growth rate means nothing if common man can not have good life. None of India's neighbours are secular. See what's happened in Afghanistan!
What an excellent article covering details in depth? More power to you Ms.Sonali.
I think you make too many convenient assumptions
Good article which contains the current situation of India. The writer he/she does a wonderful thing.. of only I could meet her/him
.
Absolutely fantastically written! It's a rare person who can simplify things so much. I knew most of all that you wrote, but the FDI (20% of GDP)-ICOR of 5% - equation was brilliantly simplified. And the connections between domestic politics and priorities and GDP growth was terrific. Unfortunately, what this means is that India is going the Russia way, not China. Illiberal and full of oligarchs.
He's right in basic viewpoint - Trade, FDI helps economy to grow but wrong on facts
Nowhere in the world is FDI to GDP ratio has even crossed 10%
Max of China was 6%
Domestic policy has nothing to do with economy, none of the Asian tigers (other than Japan) were even a democracy, Israel isn't secular
Even the trade protectionism isn't fully correct
Both S korea & Japan were protectionist in import of finished products but liberal on import of raw materials
Your writing shows nearly unparalleled clarity of thought .
It is an absolute delight and a privilege to read you . Please keep writing. Making sense of this Modiverse is daunting but your writing goes a long way in helping me do it . Kudos .
Even with such development our society is decaying
One Sanghi bhakt called Babu Lal has found his way to the comments section. 😆
This is a typical Sanghi reaction to a well reasoned and researched article.
Apposite observation
It may be a dilemma for observers but for Modi and BJP, the choice is clear - self and party first, catchy slogans and flashy events to bamboozle the electorate.