Modi has delivered more than growth and low inflation—no previous government prioritised cleanliness/sanitation or a cleaner alternative to burning coal/wood for cooking that affects women’s health.
No proposal may again command majority. Then the UK falls out without a deal and without a transition period on April 12. If so, the economic consequences are the least of the problems.
What the Army will do is quite properly a secret and no amount of outside advice is going to matter. It will, however, alter the dynamics of the election and has to, thus, be of limited duration.
The difference between the two sides is not so much in economic ideology but in execution of programmes. Modi has been criticised for over-promising but he has not underachieved relative to the UPA-II.
If the economy has been growing at 7% on average for five years, a 10% drop in employment would imply a 17% rise in labour productivity which would be the highest ever in the world
It’s been 50 years since bank nationalisation and it would have made more sense to provide private commercial banks incentives to open rural branches rather than nationalise them
Debt cancellation does not solve the problem of farmers' distress but exacerbates it because it reinforces overproduction and loss making. It may be politically appealing but is economic nonsense.
No deal meant no movement of goods across the EU. Delays would be endemic. Fruits, vegetables, vital medicines and fuel deliveries would all be delayed as checks would be required.
Since the GOI does not agree with RBI, the only way to answer the question is to consult an outside expert who has done a similar task for another monetary authority.
Bitcoins were launched with an ambitious aim. It was a technological innovation that used blockchain to produce the currency as well as monitor it collectively and anonymously.
The rupee would go south and reserves would suffer a huge hit. This is not a matter of Modi or the BJP. Successive RBI Governors have been unhappy with their respective finance ministry bosses.
The outflow of dollars from the financial markets has to be anticipated, not resisted. Any attempt to peg the dollar/rupee rate will be an expensive waste of forex reserves.
The losses of public enterprises fall on the taxpayers, most of whom are not rich. The bulk of tax revenue is derived from indirect taxes and so the poor pay more
The most surprising fact is that while Trump came complaining about the state of the American economy, it is booming like it has not done in more than ten years.
