If you saw India's financial position in the previous post, you could be excused for opining that we must cut expenditure. For most other countries, that would be the answer. But not for India. For India, the mantra has to be grow baby, grow.
India is uniquely positioned. It has all the ingredients for rapid growth - a hitherto underdeveloped economy, a dynamic and large domestic market, a large...
Friday, 28 March 2014
Thursday, 27 March 2014
India's Economic Manifesto - 1
Continuing from the earlier post, we will attempt to understand, and then co create an economic manifesto for India. This is in the context of the upcoming Indian elections, where this blogger believes that
Economic upliftment is the most important objective for the nation.
Political parties are either completely ignoring, or not doing justice to an economic manifesto
Where they are publishing...
Tuesday, 25 March 2014
Friday, 14 March 2014
Huānyíng guānglín
China exports far more than it imports. Everybody knows that. Oversimplified , the difference between goods and services exports and goods and services imports is called the Current Account balance. It can be a surplus or a deficit. China has seen a surplus for a long time. India has seen a deficit for a long time.
China's current account surplus reached a high of 10% of GDP in 2007. Under...
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