Golden words of Swami N, floating across the seas, from Kailasa via our alumni WhatsApp group" "The money that Adani had given to Adani was used to subscribe to Adani but now it has been returned by Adani to Adani so that it can be used by Adani." #Adani #AdaniEnterprises

Is there any other country with a deep, burning, OCD-type desire to perennially tinker around with tax policies.... and trading rules?

In the last 26 years (103 quarters), India's quarterly #GDP has grown at lower than 5% on only 23 occasions, 10 of those occurred in the last 4 years. Another 7 occasions were between 2000 and 2003. #GDPData #GDPgrowth

India's GDP growth has fallen off the cliff in the last four years & structural growth is now closer to 4.5%, a third lower than 25-year average growth of 6.7%. And the GDP numbers for Q3FY23 suggests that GDP growth could decline to sub 4% level. #GDPgrowth #GDP

Is the manufacturing sector losing its relevance for India's economic growth? Its share in #IndiaGDP declined to a 55-year-low of 14.5% (lowest since 1968) during the first nine months of FY2022-23. Manufacturing has accounted for 17% of GDP on average since 1951. #manufacturing

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The Indian Railways have had 11 collisions in the five years since 2017-18, though collisions account for only a fraction of total train accidents.

It's time to beat plastic pollution on an urgent basis. Let's say 'no' to single-use plastics & embrace sustainable alternatives. #EnvironmentDay #BeatPlasticPollution #EnvironmentDay23

In last nine-years (FY14 to FY23), India's GDP has grown at a CAGR of 5.6% and in the last five-years GDP has grown at just 4% per annum.

मेरी उमर के बेरोजगारों.. जाति धर्म के चश्मे उतारो. दो..नौकरी हमको। शानदार!

This is a stellar piece by rathin roy. A must-read on a crucial issue. While the column has many quotable bits, my personal favourite: “Weak authoritarian regimes exercise coercive power wastefully ..”

This is the situation at the security check counter at Delhi IGI airport T3 terminal right now. People on the verge of missing their flights. Delhi Airport #gmrairport, #igiairport, MoCA_GoI

"Real" economic growth in India ended with #ManmohanSingh tenure. Corporate revenue growth collapsed to CAGR of 7.7% in FY14-14 from CAGR of 20.7% in FY04-14 period. Single digit growth happened only twice in FY04-14, now its the norm and has occured in 7 out of last 10 yrs.

#ManmohanSingh delivered a high double-digit growth despite inheriting an economy neck deep in debt. India's #nationaldebt was at then record high of 83.2% of GDP in FY04. He brought it down to 67.1% but it rose again and climbed to a new high of 89.5% in FY21 #DrMMS

Contrary to popular narrative banks NPA were at their lowest during 10 years of #ManmohanSingh govt. He inherited NPA of 7.2% of banks gross advances in FY04 and brought it down to 3.8% by FY14. Then it climbed quickly to 11.2% by FY18 and it was 3.8% in FY23. #ManMohanSinghJi

According to apologists and suckers, “making Indian #banks great again” has been the single biggest economic achievement since FY14. But how has this accomplished? A complete collapse in industry credit & record level of household debt. Is it a sucess or another policy disaster?

The continued decline in the value of the Indian rupee has very little to do with appreciation in the US dollar. The US dollar index (DXY) is up just 10% in the last ten years, but Indian rupee (INR) is down 29% during the period. #RupeeVsDollar #RupeeAtRecordLow