Tag Archives: GDP

Thanks to Narendra Modi, India is Fast Going Bankrupt

In the aftermath of full lockdown imposed by the central government of Narendra Modi, Indian GDP has crashed by -24% in the June quarter. This is an historic event. Government’s revenues continue to plummet while their expenditures, to supposedly revive the economy, continue to sky rocket resulting in historically high record budget deficits. Government’s debt […]

India Descending into Dark Abyss

Society and Polity India is descending into a dark abyss. It is becoming a lawless and barbaric nation state. The evidence of this is everywhere e.g., recently in Hyderabad four boys allegedly raped a veterinarian doctor and burned and killed her. Such rape cases have become a daily occurrence in India and public anger was […]

Can India avoid becoming the next Pakistan?

Pakistan faces two major external foes. One is India, whose economy is eight-times larger, and hence has a much higher capacity to finance the military. The other external foe is the existence of Afghanistan, a chaotic bunch of tribes that is a country only on the map. In trying to tame it, the USSR faced […]

(BOOK REVIEW) GDP: A Brief but Affectionate History

GDP: A Brief but Affectionate History by Diane Coyle (Revised and Updated Edition 2014, Princeton University Press, pp. 167 ) Diane Coyle’s little book GDP: A Brief but Affectionate History tells a very mainstream history of the statistics of GDP (Gross Domestic Product) in brief 145 pages. The book is divided into six chapters not […]

India to Grow at 10% per year for 10 Years?

Morgan Stanley (MS), an international financial institution, has come out with a report on India claiming that India was already on a path to growth, but the country’s drive towards digitization may put it on track to be the world’s fastest-growing economy over the next decade. MS’s study makes the claims primarily on two initiatives: […]