Waraich_PS
@Waraich_PS
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Ex Banker | Businessman / Entrepreneur | Interested in Economy, Markets and Politics | Here for political drama | 🇮🇳 🇨🇦 🇺🇸
Joined September 2018
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Pinned Tweet
You know you have attained Twitter Moksha when you have developed the ability to completely ignore nincompoops and ninnyhammers commenting/QTing on your posts.
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When I was the Branch Manager, I approved more than 100 MUDRA loans. Till the time I stayed in the bank, except probably 9-10, all were standard regular. Of a few that I remember,
1) I approved a 50k loan to a barber who wanted to buy new chairs and an AC for his shop
+
That is Rs 19,25,600 crore of loans have been given to borrowers at the rate of Rs 50,000 or less
It leaves me wondering what kind of business can be done today with a loan of Rs 50,000?
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Why do Indians write R.I.P? Almost every Indic tradition believes in reincarnation. If anything, Indians should say B.R.B.
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There was a time when India’s useful idiots opposed the Delhi metro and declared it a vanity project, just like they do it for every major infra project today.
Today, you can't even imagine Delhi without metro.
🚨 Delhi Metro recorded 2.03 billion passenger journeys in 2023. Breached 2 billion mark for the first time.
2019 - 1.85 billion
2023 - 2.03 billion
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Remember. That a former FM is so out to touch with the ground realities speaks volumes of the quality of governance under UPA.
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🤣🤣🤣 Didn't Indian RW use to say this?
George Soros is paying student radicals who are fueling nationwide explosion of Israel-hating protests
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A longish thread and my opinion on Punjab:
Punjab has historically had better socio-economic indicators and std of life than the rest of India. Many Punjabis, including myself, take great pride in this. However, the trend in the last decade or so presents a different picture. +
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What an incredible transition from “kisi ke baap ka Hindustan thori hai” to “areas belonging to a particular community”…. Incredible…
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2) There was a small Kirana shop near my branch. I approved a 35k loan for him to purchase a Xerox photocopier.
3) I approved a 50k loan to someone who wanted to start a photo studio to buy a digital camera.
4) There was a tea shop near the branch. I approved a 20k loan
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This is a brilliant idea! Kudos to the author for coming up with such an ingenious solution.
However, I am still trying to determine how it will work. I did a little digging. I compared the MSP of wheat and paddy in India with the procurement prices in Pakistan and the
If some people have a problem about farmers of Punjab, Haryana, Rajasthan and West UP asking for MSP, then let them stop buying these crops and allow these farmers to sell their crop at market rates to Pakistan, Afghanistan, Iran, Saudi Arabia and Central Asia.
Fair enough ?
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Usually, I don't comment on such posts but this is the biggest myth on Punjabi Twitter. Throughout Indian history, there have been numerous revolts and resistance movements:
1) Chalukyas in 738 AD
2) Gurjara - Pratihars: 8th - 10th century
3) Rajputs: 10th to 12 century
+
fact check:
- non-Sikhs didn’t do any resistance of note to 1000 years of Muslim invasions
- In a few short decades Sikhs put a stop to Muslim invasions
- During partition, Indian nationalists left Sikhs and Hindus to die. Sikhs fought off the Muslim League despite insane odds
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So, I filed taxes last year and there was some refund and the IT department paid me interest on that refund. This year, they are considering that interest on my refund as my income! Absurd!
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Misleading. India is also investing more than $250 Billion in renewable energy and will also commission one nuclear reactor every year.
Them: the world is rapidly transitioning away from fossil fuels.
Me: where?
India’s investing $60 billion to expand oil refineries by 20% over the next 5 years.
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for him to purchase a refrigerator.
5) I approved 3-4 loans to buy e-rickshaws
6) I approved a 50k loan to a bike repair shop for him to purchase equipment.
7) I approved a loan for an atta chakki
8) I approved a CC loan to a fruit and vegetable vendor
This is what I
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I will bet my money on Gujarat. In fact, the entire stretch between Mumbai and Ahmedabad is set to change beyond recognition in the next ten to fifteen years.
Gujjus have cracked the code: they don't just jump on the bandwagon with leftists, or subscribe to
It’s going to be interesting to see where this factory goes. It’s a competition between states. Tamil Nadu is the no brainer with their car manufacturing history, but Maharashtra is my personal guess.
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No offence bro but I don't think it's “Modi propaganda media’s” job to report on the playlist of a random wedding in Pakistan.
This is Pakistan, Modi propaganda media will never show you this.
Pakistani PUNJABIS vibing on Sidhu Moosewala’s songs during a wedding ceremony.
#SidhuMooseWala
#BorferPaarPunjab
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As for repayment and NPA levels, they are a function of due diligence. If you do proper due diligence and verify the end use of funds, repayments in most of the loans will be regular. If however, you blindly start disbursing loans blindly, they'll all turn NPA.
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In approximately a decade or so, the prevalent notion would be that Modi compelled numerous industries to relocate to Gujarat. However, as one insightful individual who I follow on this App once remarked, "Capital is coward. It likes to go to places where it is treated well."
🚨 India approved semiconductor proposals worth 1,26,000 crore.
1) India's 1st commercial semiconductor fab facility by TATA in Dholera, Gujarat - 91,000 crore
2) TATA's semiconductor packaging plant in Assam - 27,000 crore.
3) CG Power plant in Sanand, Gujarat - 7,600 crore.
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The gravest sin committed by India's leftist-Marxist establishment was instilling the false notion that development is inherently detrimental to the poor. Contrary to this fallacy, it is the impoverished and marginalized who stand to gain the most from progress. It requires no
We were using this when China was building 3 Gorges Dam and Indians were protesting power plants from Raigad to Narmada.
Lost decade of 90s - this was very common in every city in India.
In fact even this was a luxury (vs kerosene lantern)
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Yes, there are bank officials who'd disburse loans blindly and yes, they'll turn NPA at some point. But, such bank officials do so for all types of loans.
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AAP epitomizes the worst thing that happened to Indian politics. Since 1991, a tacit understanding prevailed among major parties to uphold fiscal responsibility. AAP brazenly shattered this consensus, unleashing the genie of freebies. Free electricity, free water, free
The purpose of the AAP is to normalize overzealous & outsized freebies in order to bankrupt the Indian government.
It is an NGO vehicle party with connections to the US State Department.
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Punjab's NSDP per Capita in 1996 - Rs 17353 (Rank: 7)
Haryana in 1996: Rs 16611 (Rank:8)
By 2006, PB slipped to 11th rank with per capita NSDP of Rs 36199 and is overtaken by states like Maharashtra, Gujarat, HP etc. Haryana climbs to 6th rank with per capita NDPS of 42309 (2/)
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No offence bro, if I recall correctly, this video was released in '88, a time when most of the country was burning, except for a few pockets. So forgive me if I am not vibing with your nostalgia.
Contrary to popular belief, despite all the noise about radicalization, the country
Those Were The Days, Country Wasn't Radicalized, We Were Hopeful Towards Future, There Were Differences Between People But Not Hate For Each Other, No Sentiments Were Hurt For Small Things...
We Left This India Way Behind,
💔
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Between 2000-2010, Sikkim recorded maximum growth rate of 577%, Uttarakhand 466%, MH 375%, GJ 321%, Goa 284%, Haryana 266%! While Punjab recorded a growth rate of mere 149%, 2nd last from bottom, just above Manipur (130%) which by the way suffers from raging insurgency. (3/)
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Another long post on the economics of agriculture in India (with inputs from my buddy Frank)
Frank made a profoundly insightful observation. He posited that even with the elimination of all land ceiling laws in India and a significant increase in subsidies, no Indian state (as a
This is a brilliant idea! Kudos to the author for coming up with such an ingenious solution.
However, I am still trying to determine how it will work. I did a little digging. I compared the MSP of wheat and paddy in India with the procurement prices in Pakistan and the
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However, in the decade of 2000, Pb missed the IT revolution happening in rest of India and it cost PB dearly. In general, industry was not only neglected, it is dissed in Pb to this date. Once upon a time, Ludhiana, Batala, Jalandhar boasted of thriving small scale industry (6/)
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FF to 2021, Haryana is ranked 5th with per capita NSDP of 2,63,649 while Punjab slipped to 19th pos with a per capita NSDP of 1,72,340. Between 2010 - 2020, PB recorded a growth of mere 157%, just above CG, JH and Meghalaya. (4/)
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Unless PB industrializes rapidly, this trend will continue. Pbi kids will continue moving to the west in droves while ironically, they will resist every attempt to industrialize PB tooth and nail! (13/)
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Oh my, where do I begin? Among other things, the union ensures that:
1) Kanaddas and Tamils do not kill each other over Cauvery water
2) Malyalis and Tamils do not kill each other over Mullaperiyar dam
3) People from Andhra Pradesh and Telangana do not kill each other over
The Indian Union needs to explain its case to states as to why the Union is a good idea. For them.
States are not provinces.
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And, this is not due to some grand Sazish from someone! Punjab did well until the 80s, due to high growth rates following the green rev. Despite the turmoil and violence in 80s and 90s, Pb continued to reap benefits of Green Rev, well into the 90s. (5/)
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However, general contempt for industry in Pb (high taxes, high electricity cost, unfavourable land and labor laws, corruption etc.) drove industry out. Those still operating in Pb are dying a slow death.
An economy progresses from Agriculture -> Manufacturing -> Services. (7/)
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But in PB's, this evolution is stalled. In general, interests of industry and agriculture are viewed as contradictory to each other, instead of being complimentary and this reflects in policymaking. An industrialist is viewed as a villain, looting money from poor peasants. (8/)
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The neighbouring Haryana, which once was nothing compared to PB has benefitted immensely from the industrial belt of Faridabad, Gurgaon, Manesar, Palwal etc. OTOH, PB's erstwhile industrial belt of Ludhiana-Jalandhar has turned hostile to industry (9/)
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India's sub-national chauvinists fail to grasp a simple truth: there isn't a single state that would survive without the big bad union holding their hands.
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Not that I am against Agri. Agri is essential but it must follow the next natural steps in evolution of an economy with manufacturing and industrialization.
And this my friends, is the reason why Punjabi kids are immigrating in droves to the west! (11/)
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Decades of socialism have warped Indian psychology to the point where even inspirational movies aren't about entrepreneurship or innovation or building something! (barring a few bad examples - Guru wasn't bad though).
They're about passing an exam and becoming a bureaucrat!
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Given the trend, Pb will only slip further down the rankings. The state which once was amongst the richest states, failed to capitalize and industrialize. Whereas, other states have tasted the benefits of rapid industrialization whereas PB is still stuck with Agriculture (10/)
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Current agri based economy of PB is unable to meet their aspirations. Pbi kids want to enjoy the life but there is no future for them in this agri based economy! They go to west, work their asses off, earn above median income and enjoy the riches and luxuries of capitalism (12/)
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Understand that within the Union of India, not a single state can stand independently without the support of the Union. Imagine, without the Union, each southern state would resemble Sri Lanka, and every northern state would mirror Pakistan.
Despite Sri Lanka boasting higher
Those who obsess over the Kerala model are among the most delusional species on this planet.
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My biggest problem with diaspora is that they themselves live in highly industrialized capitalist societies but when it comes to industrialization back home, they will come up with all sorts of bizarre arguments like industrialization and capitalism destroy soul of a society! +
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4) Palas: 8th-12th century
5) Vijaynagar Empire: 14th - 17th century
6) Mewar: 13th - 15th century
7) Hemu: 1556-1560
8) Ahoms: 17th century
9) Marathas: 1674 - 1818
Marathas established the largest empire (by an indigenous dynasty) after the Guptas in the subcontinent.
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Churches outnumber Gurudwaras and Mandirs in many small towns in Punjab. Who would have thought this 10 years ago?
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Well actually, he made Turkey into a secular nation-state out of the ashes of Kurds, Greeks, Armenians, Assyrians and other minority groups. It is relatively easy to make a secular nation-state if you ban the minority language, culture and customs and force population exchange.
The man who built Turkey into a secular nation state out of the ashes of the Ottoman Empire.
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One of the reasons Modi keeps winning and will probably win again in 24 is that he has been investing in hard tangible physical infrastructure that is visible and has meaningfully changed millions of lives.
One can keep whining about EVMs or Hindutva but it’s just sour grapes.
Morgan Stanley Research has just published a glowing report on India chronicling a decade of massive economic changes that are setting up for a macro story that may define the 21st century.
H/T
@Frankisalegend1
for filling me in on the below!
🧵🇮🇳
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@ShenoyPrathik
Repayment and NPA levels are a function of due diligence done by bank officials. If you do proper due diligence and verify the end use of funds, repayments in most of the loans will be regular. If however, you blindly start disbursing loans blindly, they'll all turn NPA.
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@alokdaga2
Canada is not the problem. Canada is a symptom. Kids are not leaving Punjab in droves because they want to be in Canada. They r doing so because they don’t have any future in Punjab as of now.
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It's as if India is in an alternative universe.
In the west, left is pro-vax whereas, right is anti-vax. In India, it's the opposite.
In the west, left is pro-vegetarianism, rights staunchly pro-meat. In India, left is anti-vegeterianism and wants right to eat meat.
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2004:
GDP of India - $721.6 Billion
GDP of China - $1.949 Trillion
India’s GDP was 37% of China’s
2014:
India’s GDP: $ 2.04 trillion
China GDP: $ 10.48 trillion
India’s GDP reduced to 19.46% of China’s in ten years
2023:
India’s GDP: $ 3.75 trillion
China’s GDP: 18.50
How India lost the battle to beat China in the last 10 years:
In 2014, the global buzz was the battle of the Asian tigers, India vs China.
India’s GDP: $ 2.04 trillion
China GDP: $ 10.48 trillion
10 years later, in 2023 ( 2024 figures yet to be published):
India’s GDP: $
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Many Punjabis would not like this, but Punjabi society has become stagnant and resistant to change. Punjabis are stuck in the 60s and 70s. The general populace is not welcoming to the industry and holds the belief that agriculture and industry are incompatible with each other. +
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@dylanhead94
The biggest coup was that the Tatas were forced out of West Bengal. They are now investing in Assam!
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India desperately needs to have an International New channel like BBC or CNN or Al-Jazeera (even global times) to share Indian perspective on major global events.
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@omarali50
Everyone: It's Diwali. Let's celebrate, buy something, clean our houses, lets enjoy.
Indian woke/LeLi: This is not what Diwali means. Race+caste+brahminism+capitalism+......+US+white supremacy = BS
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Further exacerbating the problem, there is no culture for STEM education. Kids and their parents alike have found the easy way out. Do 10 +2 with humanities, drop a year, enrol for IELTS coaching, move abroad and do manual labour at minimum wages. Once again, no offence to any1+
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I always argue that if the deep state can handle a full-blown Kashmiri insurgency in one of the most difficult terrains on the planet, with backing from multiple nations (some having deep pockets), there is nothing it can’t handle. +
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Punjab’s politics has been dominated by Jat Sikhs. So, why do we blame anyone else? Political pandering of Punjabi politicians ensured that Punjab missed the IT bus in the 2000s. Southern states and NCR have embraced the IT revolution with both hands during this time. +
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Take the example of Haryana. Till the early 2000s, Haryana was behind Punjab in almost everything. When one drove from Haryana to Punjab, the difference in the quality of roads was evident. But today, it is completely different. Haryana is way ahead in almost everything. +
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Sadly, Punjab offers nothing to its youth. Mass employment can only be generated by rapid industrialisation, and industry is something that Punjabis can't allow. This dearth of employment opportunities is the reason behind the mass exodus of Punjabi youth to the West. +
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This is the bare minimum HSR Network India must have
The opening of the HSR corridor connecting Mumbai and Ahmedabad will have the same impact on long-distance travel across India that the Delhi Metro had on urban transportation. Recall the initial scepticism and protests surrounding the Delhi Metro, dismissed by some as a mere
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States like Gujarat, Maharashtra, Haryana and Tamil Nadu became industrial powerhouses. Even states like UP (once touted as BIMARU) is aiming for a $1 Trillion economy and is going through an infrastructure revolution. +
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Has any1 asked these Qs to your local MLAs? In the next 10 years, when Punjab will lag behind the rest of India, who will be everyone’s favourite punching bag? Central Govt.
Lack of introspection and a willingness to change has led to a stagnant society with lots of inertia. +
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While PB's past achievements are worthy of pride, the lack of progress and resistance to change in the present day is a disaster. The state should hv embraced industrialization and STEM education and adopted a forward-thinking approach to ensure a better future for its people./
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The feeling is mutual. Look at their situation despite getting the largest cities and most productive agri lands - perpetually holding a begging bowl. Thank god we separated from this lot.
@khetibadimehkma
Partition was such a blessing. Total civilizational victory for Muslim Punjabis. Alhamdulillah everyday fr. We got Punjab's largest & most important cities, its most productive agricultural lands, and its most prestigious heritage. Combine all this with ⬇️
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Just like taking the easy route of IELTS after 10 +2, instead of looking within and introspecting, Punjabis have found another easy option – blame everything on the centre. Since the creation of Punjabi Suba in 1966, Punjab has never had a non-Sikh CM. +
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@Jitendra_Speak
Well, this tweet was specifically for mudra loans because PC asked if one can start a buss. with 50k. As for a 500k loan, a bank manager has to assess a lot of things before approval. It can not be an automatic approval.
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While the Rest of India is catching up and many states have zipped ahead, Punjab took a U-turn and is going in the opposite direction.
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Now, agriculture is important. But, it has its limitations, with land being finite and output being limited. Moreover, with land holdings divided by each generation, farming is becoming increasingly challenging. +
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Apple's success in India has shattered these myths to a great extent already. Tesla's success will completely obliterate this perception.
Also, does anyone remember those planted stories about Feces particles in Apple products manufactured in India?
#Tesla
should worry about its decision to build a factory in
#India
, why? Charles Liu, senior fellow at the Taihe Institute, at
#GlobalArena
:
-lack of supply chain and infrastructure
-lack of skilled engineers and workers
-negative business environment
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Now, I do not look down on any kind of job. But I ask you – can any society progress without STEM education? How many kids in your extended families are pursuing or interested in advanced degrees in STEM? How many kids want to study harder courses today? +
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Politically speaking, IMO, the chances of an 80s/90s-like full-blown insurgency in the state are zero. There might be a few law and order issues here and there but nothing more. The only casualty of this social upheaval will be general Punjabis, who’ll continue flocking to West.+
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Just to rile up communists - India needs many more Adanis and Ambanis.
Proud to play a crucial role in India's impressive strides in renewable energy as we build the world's largest green energy park. This monumental project, covering 726 sq km in the challenging Rann desert, is visible even from space. We will generate 30GW to power over 20 million
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A long post on
#FarmersProtest2024
(This will be a long post so, bear with me)
When the farm laws were introduced, my primary concern echoed the absence of a reliable dispute resolution mechanism. These laws stripped away the fundamental right to seek judicial recourse, placing
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A few days ago, someone on Twitter argued that Punjab is a post-industrial state. No offence to anyone, but to be a post-industrial state, the state must industrialise first. When in history was Punjab a mass industrialised state! +
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Punjab did well in the past, and despite a decade of terrorism, Punjab boasts of better socio-economic indicators than many states even now. However, the primary reason for this is Green Revolution. Punjabis were the first to embrace change and adapt to new technologies. +
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This is a recipe for disaster; sadly, neither the union nor the state government can do anything now. Punjabis will continue their mass exodus over the next decade. This will be the greatest human tragedy of Punjab. +
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Why are Indian LeLis obsessed with forcing someone to consume meat if they don't want to?
By this logic, every food label - Halal, Kosher, Vegan must be banned!
My grandmother was a strict vegetarian and would tell us to use separate utensils for cooking meat. TIL this was her
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People do not want to understand that industrialisation is the next logical step in evolution. Every society goes through it and Punjab must too. +
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I just hope and pray that those dark days of violence and anarchy do not return to Punjab. +
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Say whatever you may but Amit Shah has handled the Kashmir issue with unparalleled brilliance. He has fundamentally redefined the Kashmir conflict paradigm.
I still remember the precariousness of 2015-2016 when Kashmir was teetering on the brink. However, the abrogation of
BIG: Radical Kashmiri Separatist Syed Ali Shah Geelani’s granddaughter Ruwa Shah & separatist Shabir Shah’s daughter Sama Shabir issue Public Notice in Greater Kashmir newspaper announcing they have renounced separatist ideology as citizens of India🇮🇳. Big setback to Pakistan.
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This is the reason I believe that despite the carnage and destruction of 1947, partition was the best thing that happened to the subcontinent. Without partition, it would have been a giant Lebanon with endless strife, civil war and death and destruction million times of 1947
It can be argued with the Partition of the Punjab and the eradication of the Muslim from East Punjab, it has brought more or less peace (not including indian state abuses in 80/90's). West Punjab has been under the same strife it was prior to partition. They are a species that
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This is a very interesting phenomenon. Those who habitually raise their voices with great intensity at the faintest hint of communal strife have conspicuously maintained radio silence in the face of this heinous event.
What could be the reason guys?
This Indian mom saw her sons, 6 & 11-y-old have their throats slit y-day
She’s inconsolable but has questions:
“My kids didn't even know the difference between Hindu & Muslim.They called Mohammad Sajid & Mohammad Javed their brothers. Why did they do it”
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@Sandeep13082000
Punjab's politicians were preoccupied with different priorities. While corruption is often cited as a factor, the fundamental issue lies in a lack of foresight. Punjab's politicians were engrossed in acquiring stakes in roadside dhabas, whereas their counterparts in the southern
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🤦♂️ Who will tell her that Adani is not a Hindu. He is a Jain! And Jain is a minority religion - not a caste!
It’s confirmed. Adani has been selling drones to Israel.
When we tell yall caste and Hindu nationalism is a global problem…
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People like this:
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Holy $hit! So, up until now, I viewed
@narendramodi
's remarks from yesterday as mere political rhetoric, likely spoken in the fervour of the election season. However, here is Karnataka's CM, Mr Siddaramaiah, from a
@INCIndia
-led state, openly stating his intention to redistribute
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If BJP manages to score 8%+ vote share in Punjab or manages to win 5+ seats, after the farm bills fiasco, that would be the greatest story of 2022 Assembly Elections…
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Huh! Opinion of Indian public about Indian democracy doesn't matters. All that matters is what the echo-chambers of the so called experts believe.
These two charts from a fine book chapter by
@ProfVarshney
on the state of democracy in India help explain an apparent paradox: Most serious experts agree that Indian democracy is in trouble. But their arguments struggle to gain traction with the Indian public. 1/n
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For any loan upto Rs. 3 lakhs, a farmer pays 4% interest. For loans upto 7 lakhs, it’s 7%. For any amount above 7 lakh, it’s the Base rate which happens to be around ~10%.
For loans upto Rs. 2 lakh, artisans have to pay interest at Base rate.
In my entire career in banking, I
Rich corporates in India get loans at 8%
But, a poor farmer/artisan might gets loan at 25%
I'm not quoting random numbers.
I'm stating the harsh reality.
The lower one is on the "Wealth Pyramid", the harder it is for the poor to access credit.
Super proud to announce that
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This is the dumbest thing I have ever heard. Narayan Murthy, having ascended from modest origins, relentlessly laboured day and night to build his commercial empire and accumulate wealth. He has unequivocally earned the right to dictate the disposition of HIS wealth, including
This is why INHERITANCE TAX is a must. Else, rich keep getting richer in a frictionless manner, and society silently watches the untouchable gated wealth deepening. This is why wealth inequality in India is now at colonial levels. This is one reason why governments struggle for
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@vjgtweets
OTOH, this is a free advertisement for Modi. Such people only irritate and polarize an average Indian by politicizing everything happening under the sun. An average Indian knows that there is no such thing on the ground and ends up voting for Modi.
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State governments with vision are building infrastructure at a breathtaking pace.
Maharashtra State Expressway System Master Plan, Almost every district getting connected via the 4,000 K.
M. + Expressways.
Note: National Expressways And Mumbai Pune Expressway are not shown in the render. Shakitpeth is extended till Dodamarg and Nashik till Pune.
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The opening of the HSR corridor connecting Mumbai and Ahmedabad will have the same impact on long-distance travel across India that the Delhi Metro had on urban transportation. Recall the initial scepticism and protests surrounding the Delhi Metro, dismissed by some as a mere
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TBH, this is the tragedy of India. Indian history should have been about the uprising of Indian Kings and rulers against foreign rule. Sadly, the NCERT medieval history textbook starts with Mohammad Ghori and then has a chapter for every individual Mughal ruler.
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Usually, I don't comment on such posts but this is the biggest myth on Punjabi Twitter. Throughout Indian history, there have been numerous revolts and resistance movements:
1) Chalukyas in 738 AD
2) Gurjara - Pratihars: 8th - 10th century
3) Rajputs: 10th to 12 century
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🤣Pakistanis really have a weird perception of Geography and economics. India is not "boxed" by Pakistan in any manner. A mere glance at the map is enough to debunk such fallacious beliefs.
India's connectivity isn't limited by Pakistan; it has access to Iran via sea routes,
“South Asia has the lowest intra-regional trade as a percent of the regional economy. For Pakistan, the obvious advantage is the massive Indian market with significant cultural and linguistic overlap,” writes former finance minister
@Asad_Umar
.
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Since cadets celebrating their passing out is triggering many people, war cries of some of the best fighting units in IA are:
1) Rajputana Rifles: Raja Ram Chandra ki jai
2) Sikh regiment: Bole So Nihal, Sat Sri Akal
3) Gorkha regiment: Jai Mahakali, Ayo Gorkhali
4) Garhwal
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After enduring 40 years of socialism, millions were thrust into poverty, living in the most wretched conditions. It took three decades of half-hearted capitalism to lift them out of extreme poverty. If this trajectory persists, in the next 20-30 years, the majority will ascend
Extreme Poverty is now eliminated in India. The World Poverty Clock updates: shows India’s extreme poverty at less than 3%. This is one of the most significant global developments of our lifetime.
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2004-2014 was a lost decade for India. During this time, China grew its economy by close to 5 times because its was focussing on manufacturing. While India led by highly overrated economists (MMS, Sam Pitroda, Montek Singh Ahluwalia, Raghu Ram Rajan etc) was selling the snake oil
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TBH, If I have to choose between the South Korean Chaebolean model which provides a decent living for 1.5 billion people and the North Korean style equality, I am wholeheartedly in favor of the Chaebolean model.
South Korean Chaebol model is being aped by
@PMOIndia
. Chaebol means “wealth clique” in Korean is influenced by Japan’s zaibatsu both share same Chinese characters & meaning.
An Authoritarian & couple of oligarchs will dominate India’s politico-economic milieu
@Jairam_Ramesh
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There is only one lesson to be learnt from Sri Lankan crisis - Economy is a serious business!
You can not run an economy based on some high level ideals and principles. People running economy must be pragmatists. Unabated subsidies and Freebies are not sustainable.
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Dr. Ambedkar didn’t write the constitution. He was the chairman of the drafting committee. The committee had 6 other members
"India is a Secular country because Dr. Ambedkar wrote the Constitution."
Fixed it...
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Biggest issue with our PSUs is the quality of Human Resources. Its 100% inbreeding. Lateral hiring is non-existent and no one can be fired, no matter how poor their performance is. Top management is hired from among the same pool! There is no incentive for performance.
One of the myths in India is the narrative "If Indian PSU's had been given a free hand, they would have competed and even won against private players."
Rubbish. PSU's are driven by bureaucrats who mostly lack the skill, imagination and hunger to compete in today's world
#BSNL
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