Last week, Prime Minister Modi gave an hour long speech denouncing ‘pessimists’ who refused to see the bright side of demonetisation and other transformations that his government’s able management had visited upon the economy.
by Samarth Bansal and Aman Sethi On October 4, Prime Minister Narendra Modi offered a robust defence of his government’s management of the economy, shortly after the Reserve Bank of India lowered its Gross Value Added (GVA) growth estimates for the current fiscal year from 7.3% to 6.7%. Since then, the ruling party has been … Continue reading Modi says the economy isn’t so bad; He’s right – it’s worse
Guest Post by SANJAY KUMAR The withdrawal of eighty six percent of currency notes by the Modi government has been an administrative fiasco. It is clear that little economic thought, and only a political urge has gone into the exercise. Informal sector of the economy, which accounts for 80% of the employment and 40% of […]
