HAPPY 2021 TO EVERYBODY The year 2020 was very painful or anxiety-provoking for all of us. The upcoming new year arrives with some positive forebodings. First of all, we welcome the approved vaccines for protection against Corona Vlrus. I hope most people will get vaccinated. Secondly, the new presidency of Joe Biden will bring some sanity to White House administration and improve our international reputation. The new stimulus measures will provide additional support to the aggrieved. Finally, with weakening of the pandemic, the economy will start to reopen and people will get out of their homes in order to mingle socially. Again. three cheers for 2021 !
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Showing posts from December, 2020
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ATMA-NIRBHAR BHARAT Either this is taking India's economic policy in the wrong direction or just another propaganda slogan from Narendra Modi. India needs to be more globally involved rather than turning in an inward cocoon. India is confronting serious warning signals. It is slipping down among the countries of the world, in terms of child development, hunger index and human freedoms. It has taken backward steps with respect to global trade. All these negative trends precede Kovid 19 pandemic. Here are a few policy recommendations based on the opinions of well known economists: (1) India's economic slowdown is primarily due to slackening of consumer deman...
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INDIA'S ECONOMY UNDER MUGHAL EMPIRE AND UNDER BRITISH EMPIRE India experienced its fastest economic growth under the Mughal empire during the 16th-18th centuries, boosting Mughal India above Qing China by1700. By the late 17th century the Mughal empire was at its peak. In 1700, the exchequer of Aurangzeb reported an annual revenue of $450 million, 10 times that of contemporary Louis XIV of France, while controlling just 7 times the population. Mughals were responsible for building an extensive road system, creating a uniform currency and unification of the country. Early modern Europe imported products from Mughal India. (Let us remember that during Mughal...
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INDIA HAS JUST 5 YEARS TO SOLVE ITS WATER CRISIS About 100 million people across India are on the front lines of a water crisis. A total of 21 major cities are poised to run out of ground water next year, according to 2018 report by a govt. run think tank. Urban lakes and inlets have been lost to encroachment and environmental degradation. They also have limited water conservation infrastructure: rainwater harvesting system, water reuse and recycling & waste water treatment. Taps have long run dry in cities like Bangalore and Hyderabad. The wealth divide may put more poor people in danger. ...