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Showing posts from December, 2020
                 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 !
                                                  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...
                        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...
                                    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.             ...