Do it yourself

Continuing the debate on growth slowdown from yesterday ( see here ), I would argue that the economic growth trends in an economy like India (which is large, diverse and runs a multiparty democratic system) would usually take a longer time to establish. It would be unreasonable to attribute the slow down or acceleration in growth completely to any plan, strategy, measure (legislative or administrative) etc that has been implemented in recent times. Construction of core infrastructure like power plants, highways, ports, coal mines, etc usually entails a long gestation period that in many extends to more than 5yrs (full term of a government). The full impact of these projects on growth is therefore felt only after these are completed and commissioned. The current acceleration in growth therefore is mostly result of the efforts made in past many years. Similarly, a significant change in the economy like (i) opening more sectors to global competition; (ii) withdrawal of subsidie...

Some food for thought "I may neither choose who I would, nor refuse who I dislike; so is the will of a living daughter curbed by the will of a dead father." —William Shakespeare (English writer 1564-1616) Word for the day Ideogram (n) A written symbol that represents an idea or object directly rather than a particular word or speech sound, as a Chinese character.   First thought this morning I chanced upon a twitter handle @theworldindex. It has some very interesting data about various countries in the world. Though there is no way to authenticate the data, but intuitively I can say it does not sound too off the mark in many cases. The following is some data I found interesting to note and actionable for the government. Chart of the day Use PSE for public good There are hundreds of not for profit organizations that have been set by government in post independence period. These organizations are f...