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 "Thank goodness I was never sent to school; it would have rubbed off some of the originality." —Beatrix Potter (English Author, 1866-1943) Word for the day Fulgurant (adj) Flashing like lightning.   First thought this morning Reportedly, Prime Minister Narendra Modi will feature in an episode of Man vs. Wild, to be aired on Discovery Channel on 12th August 2019. Enticing stills from the episode, with PM enjoying the wilderness of Uttrakhand with UK television presenter and adventurer Edward Michael Grylls, popularly known as Bear Grylls, are splashed all over the internet. Distressed participants in financial markets, stressed businessmen and disenchanted commoners have naturally reacted negatively on the social media. The general feeling is that the prime minister himself should be focusing more on the economic slowdown and depressed markets rather than indulging in this almost contemptuous show...