The synchronization of the Finance Minister and the RBI governor, in achieving the common goal of restoring the livelihoods of the disadvantaged masses of the population, who have gone through untold suffering, during the last, almost two years, of the pandemic, is the way to go, undoubtedly. Real growth and prosperity can only be achieved, when the life condition of the weaker sections of society, is improved. If the purchasing power of the lower 700 million is improved, the upper 700 million will automatically prosper. Very encouraging move and thanks Anil, for presenting the situation, with such clarity.
A very interesting article and you are right RBI has chosen to follow the easy money policy to push development in areas like infrastructure, broad band connectivity for all , drinking water and to help the poor from recovering from pandemic .
But we need clear economic vision and well thought frameworks to harness the energy and creativity of our people.we need to increase our presence in global services by strengthening our human capital.The market for services like consulting, legal and financial advisory, education and telemedicine are ready for globalization. We need to increase our openness and liberalization so that we make the best use of our human capital.
The book you have recommended seems to be very interesting and reflects the rural urban divide of our country.
Thank you for your kind words of encouragement. Much appreciated. Agree with you that an open trading regime is welcome. However it needs to be calibrated to avoid swamping by imports subsidised in ingenious ways by governments.
Do read the book. Depressing but holds the mirror to the legacy of neglect of the first seven decades.
The synchronization of the Finance Minister and the RBI governor, in achieving the common goal of restoring the livelihoods of the disadvantaged masses of the population, who have gone through untold suffering, during the last, almost two years, of the pandemic, is the way to go, undoubtedly. Real growth and prosperity can only be achieved, when the life condition of the weaker sections of society, is improved. If the purchasing power of the lower 700 million is improved, the upper 700 million will automatically prosper. Very encouraging move and thanks Anil, for presenting the situation, with such clarity.
Thank you Gautam. Absolutely agree with you. India's future depends on empowering the bottom of the pyramid.
Best
Anil
Dear Anil,
A very interesting article and you are right RBI has chosen to follow the easy money policy to push development in areas like infrastructure, broad band connectivity for all , drinking water and to help the poor from recovering from pandemic .
But we need clear economic vision and well thought frameworks to harness the energy and creativity of our people.we need to increase our presence in global services by strengthening our human capital.The market for services like consulting, legal and financial advisory, education and telemedicine are ready for globalization. We need to increase our openness and liberalization so that we make the best use of our human capital.
The book you have recommended seems to be very interesting and reflects the rural urban divide of our country.
Dear Vandana,
Thank you for your kind words of encouragement. Much appreciated. Agree with you that an open trading regime is welcome. However it needs to be calibrated to avoid swamping by imports subsidised in ingenious ways by governments.
Do read the book. Depressing but holds the mirror to the legacy of neglect of the first seven decades.
Best
Anil