"The American landscape
has no foreground and the American mind no background."
—Edith Wharton (American,
1862-1937)
Word for the day
Gorgonize (v)
Hypnotize, Petrify
Malice towards none
Is it true that Sardar Patel
was once ready to negotiate the whole Kashmir for Hyderabad?
First random thought this morning
Prime Minister Modi is visibly angry these days. The outburst in
the Parliament, though not unprecedented was quite disquieting.
One would like to understand what is bothering him most. Is it the
opposition ganging against him and trying to engineer a coup in BJP? Is it
sub-par performance of economy despite all his good intentions and best
efforts? Is it rising tension at the borders despite all his brilliant
diplomatic endeavors? Is it failure of BJP leadership to reign the fringe
elements from raising frivolous and regressive issues? Is it fear of loss in
forthcoming assembly and general elections? or is it something else?
But whatever it is, he might need to mend his style of working and
take more people on board for sure, in the larger interest of the nation.
Household savings - 2
Ever since Indian embarked on the path to liberalization and
globalization in early 1990s, it has been a fabled story for global investors.
There have been many instances in the interim when this story appeared
faltering and investors appear giving up hopes. But the lure of youngest
demography and the burgeoning middle class has kept their hopes alive.
If we write the India Story as follows, one can see "household savings
and investment" forms the very core of the whole India story.
If this virtuous cycle is defied and the new cycle
looks something like the following, trust me, there will be no India Story left
to tell about, whatsoever.
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