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Showing posts from November, 2019

India enters quagmire of 'mistrust economy', as GDP growth officially slips to 4.5%

I have had a special liking for GDP, and it isn’t new, either. During my Times of India days in Gandhinagar (1997-2012), I remember, how as chief minister, Narendra Modi, post-2002 Gujarat riots, kept harping on the state’s double digit rate of growth rate continuously for three or four years, but got a little puzzled when, during a press conference, I asked him how was it that an official document talked of just 5.1% growth rate.

As fear 'grips' right liberals, Arvind Panagariya, too, would be declared anti-national?

It is surely well-known by now that India's top people in the power-that-be have been castigating all those who disagree with them as "anti-nationals". Nothing unusual. If till yesterday only "secular liberals", and "left-liberals" were declared anti-national, facts, however, appear to have begun surfacing that, now, guns are being trained against those who could be qualified as right liberals, too. Let me be specific.
The other day, a former bureaucrat of the Gujarat government, an IAS official, known for his keen perceptions of the state of the economy, whether India's or Gujarat's forwarded to me a video – an interview with Mahesh Vyas, managing director and CEO of India's topmost private sector data company, Centre for Monitoring Indian Economy (CMIE).
Interviewed by the news portal “The Wire”, long dubbed as "left liberal" by critics, of late Vyas has made a niche for himself by strongly asserting how unemployment rates in t…