Thought for the day
” Do not be anxious about tomorrow, for tomorrow will be anxious
for itself. Let the day's own trouble be sufficient for the day."
-
Jesus Christ
Word for the day
Osculate (v)
To kiss
(Source:
Dictionary.com)
Teaser for the day
Hindu, Hindi, Indian, Bhartiya, Hinduness, Hindutava,
Indianness, Bhartiyata - What is the
debate actually?
It's not UPA vs. NDA
India GDP expanded 5.7% in 1QFY15, confirming the trend
witnessed in past couple of quarters. This is highest rate of growth in nine
quarters.
Though the long term growth trajectory, considered necessary for
substantial investment in building additional capacities and generating
sustainable employment is expected to remain stuck at 6% for at least 3 more
years, it is comforting to note that the economy has perhaps already hit the
rock. The trend from here most likely will be positive, though the trajectory
may be flatter and speed may be slower than desired.
A notable feature of recent macro economic data is the
continuity. The data has been consistent in degree and direction of growth for
past many months. This suggests that (a) the bottoming of economy is firm and
sustainable; and (b) it's not UPA vs. NDA or MMS vs. NaMo, it is rather about
Indian economy, entrepreneurs, consumers and investors.
The new government has certainly enthused business and consumer confidence.
The global investors are also certainly more positive about investing in India
as compared to past 3-4years. But it may be due to a variety of factors. For
example, (a) Indian economy is bottoming at a time when most peers like Brazil,
Russia, Indonesia etc. are going downhill and China is stagnating; (b) India
offers one of the best yields amongst non-junk rated sovereigns; (c) given that
India has taken hard decisions on fiscal discipline, rates and inflation,
amongst emerging markets it is widely seen as having best cushion against a
recurrence of 2008 like collapse.
...to continue tomorrow
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