I always though that Rao had balls of steel to introduce whatever reforms MMS gets credit for. And that is disruption point which helped Indian economy turn the tide. Now the data looks flat from 1991 towards 2000
Vajpayee was the man who focussed on infrastructure development, while congress was more into corruption.I always though that Rao had balls of steel to introduce whatever reforms MMS gets credit for. And that is disruption point which helped Indian economy turn the tide. Now the data looks flat from 1991 towards 2000
Poor Vajpayee got back stabbed by media with "Shining India" mocks by Lutyens. Feel more bad for him.
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that’s not how fundamental reforms work, they take time to trickle down. It takes time for people to understand any reform fully, and takes more time for people to benefit from reforms.
Golden quad, east west north south corridor, plan to open six new aiims and renovation of major hospitals across India under PMSSY scheme, Rural education push were some of Vajpayee s major legacy milestones, other than opening up of many sectors such as insurance, retails, telecom etc.
Trying "dominating" it is only going to bring down the quality of economic sectors and will stabilise India's per capita income growth's prospects to lower end. This is not an aerospace, medical or semiconductor product that only handful countries can make. People of every country are home-tailors in large proportions.
That's already sufficient with home-made boutiques in every third street in villages and towns throughout the country and government gifting stitching machines. Every sector needs an additional market to grow in value chain. In India, it's growing with increasing domestic consumption. Attempting to manipulate an already well growing (low-end) sector for "unnecessary" reasons will only end up manipulating India's economy, profit margins of tailors and skill levels.
Yes you’re right but export oriented textile manufacturing can help the unemployed, like the ones in villages. The ones already doing high end jobs will be continuing to do it, it’s just that our economic growth will boost once the low end work also gets a huge boost.
While I agree with everything else you wrote, I strongly differ on your Paki assessments. They may be MUCH behind us in every sector, but they are still a national security threat. Kashmir, Khalistan, and the lobbying against us abroad, along with the smear campaigns are no doubt run by them. Pakistan may not be a top priority, as compared to China, but it has definitely not stopped factoring into the minds of South Block.
Only fools will call pakistan a non-threat to India, they are a ticking timebomb country which will collapse anytime in Future and worst part is that they have nukes which will end up in wrong hands, pakistanis can eat one bread less but will contribute money to do proxy and 5th generation warfare against us. Only way to deal with them is by hurting their economy badly.
That's what my assessment was , and don't worry about nukes , actually i don't wanted to confirm it , but there is actually a pact between india , france , US to secure their nukes , we have a lot of info about their silos , underground facilities .
As told before government has already been doing this with bit of textile parks to cottage industries' endorsements. Rural "unemployed" make larger parts of their incomes from farms and working in factories as contractual labours in manufacturing companies and factories.
India is an existential threat for pak but vice versa isn't true. The part they get to bother India is largely on part of countries who assist them who will find other ways if Pak doesn't remain. May be Indian strategists realise that better there have been little mentions of Pak in past thoughout decade except strand off.
Further, hastening their economic collapse doesn't help out containing their nukes. Nothing less than a Crimea style military occupation will what isn't likely.
What did you explained?
At present, the goods produced in India are not competitive. And imported things are essential, such as oil and so on. So even if the ruble depreciates, it is impossible to say that it will further expand the trade deficit.Because all imports are denominated in US dollars, the value of imported things will be higher，The value of exported goods will be less.
