The Indian budget every year has always been an eagerly awaited event. For many decades, the best minds in economics, finance, tax, business and industry throng the media house to analyze the provisions shared by the Financial Minister.
Sometimes major events completely disconnected may be data points for the plans of the different powers around the world. The challenge is to discern what purpose they serve? More critically, what are we moving towards?
When the US Ambassador threatened India's "Strategic Autonomy" policy over India's friendship with Russia - much more than meets the eye was at stake. Let us unpack how the Ukraine war has fundamentally changed the US and the world. And why are we here anyway?
Media houses and compromised journalists have been asking the rhetorical question – have the Achhe Din (good days) come for common man? With the high decibel narrative being dished out by fake media which thrives on a certain color to the countries working, media seems to make some people actually believe that they are better off today. The Stats, however, objectively, tell a different story!
Here are some very important insight from the data released by the Ministry of Statistics and Programme Implementation
Retail inflation declined to 18 month low of 2.19% in December 2018. Prices of fruits, vegetables and fuel have declined.
Inflation based on Consumer Price Index (CPI) in November was 2.33%. The previous low was 1.46% in June 2017.
Rate of price rise in fruits, vegetables, and protein-rich eggs continues to decline!
Fuel and light inflation was 4.54% in November 2018 vs December 2017’s level of 7.39%
The prices of the most important food commodities are falling! Can you believe it? In India, after the double digit inflation rates of the UPA rule, we have not seen anything above 6% since it started its downward trajectory in late 2014. The inflation rate is now close to 2%!
If this is not “Achhe Din”, one is not sure what is? And, to argue that even when inflation has fallen from over 10% to 2% – specially with tremendous decline in inflation of fruits and vegetables, “nothing has changed for the common man” – is just pure nonsense and fake narrative!
There was a time when during UPA – prior to 2014, these headlines were common. One just has to go back in memory and remember where we were
So, if the naysayers are to be believed then this will be the first time in the history of global economics that inflation falls 5 times and nothing changes on the ground! So either economics in itself is a useless discipline or these analysts are talking absolute nonsense.
The Indian budget every year has always been an eagerly awaited event. For many decades, the best minds in economics, finance, tax, business and industry throng the media house to analyze the provisions shared by the Financial Minister.
When the US Ambassador threatened India's "Strategic Autonomy" policy over India's friendship with Russia - much more than meets the eye was at stake. Let us unpack how the Ukraine war has fundamentally changed the US and the world. And why are we here anyway?
This visit of India left me with many questions. Many observations and inputs from different people and sections. Food for thought that I have tried to contemplate on and make sense of. Sharing all that with you.
When you analyze the last 60 years of the economic miracles of Singapore, South Korea and Malaysia versus the continued impoverished Indian economy, you get very interesting lessons. Can Indians have the wherewithal in them to do in one generation so that the coming generations may rise?
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