Do it yourself

What do we really want? To accelerate the economic growth in order to generate more employment and improve the quality of life of Indian populace, the country indubitably needs huge amount of fresh capital. Various economists, government agencies and expert committees have suggested that to attain optimum level of employment Indian economy would need to grow 8-10% CAGR for next decade or so. The capital investment required by private sector to create critical infrastructure to support 8-10% GDP growth is pegged in the range of US$10-12trn over next 10yrs. Energy sector alone may need investment of more than US$1trn over next one decade. It is well recognized fact that such kind of long term risk capital may not be available internally. Foreign investment is therefore a pre-requisite for the process of economic planning, development and growth. Any debate on path, trajectory and sustainability of growth should therefore begin with this assumption that adequate...

Some food for thought "Our duty is to encourage every one in his struggle to live up to his own highest idea, and strive at the same time to make the ideal as near as possible to the Truth." —Swami Vivekanand (Indian Philosopher, 1863-1902) Word for the day Epiphonema (n) A sentence that is an exclamation, a general or striking comment, or a succinct summary of what has previously been said.   First thought this morning Many people have taken strong exception to the chanting of religious and other slogans associated with our independence struggle on the floor of the Parliament. They have usually been critical of BJP, enjoying a dominant majority in the lower house, for its inability to protect the secular credentials. I believe these people are living in denial. They are choosing to ignore the fact that just one month ago, these members of the Parliament have been elected by majority support using these very slogans on...