The engine of growth for the Indian economy has been the lakhs of Indians “ techies” and millions of Indian workers in the Gulf and Middle East
. It is their hard earned foreign exchange that keeps the Indian
economy going. The big words of Indian big business are really
peripheral to foreign exchange earnings. India earned nearly US $ 70 Billion in foreign exchange in 2013-14 from remittances made by Indians working abroad.
Dr Pentapati Pullarao is an Economist, Columnist and Public Affairs Activist and has contributed over 650+ articles to periodicals and newspapers in the last 15 years.
Friday, 28 November 2014
Wednesday, 19 November 2014
Slowing European, Japanese economies and Chinese economies will negatively impact India
While the GovernmentofIndia and PrimeministerModi have been taking
steps to revive the moribund Indian economy, alarmingsignals have come
that indicate that the European Community, Japan and China are now
ona downward spiral. Strong indications have also come out that the
Chinese economy is also slowing down to over-investment and excessive
investment in their infra- structure.
Monday, 17 November 2014
Manohar Parikker and Prabhu will join Jaitely as Advisers to Modi
One immediate consequence of this cabinet expansion is that Arun Jaitley has automatically lost his position as being the only Adviser of Modi.
New Ministers Manohar Parikker, Suresh Prahbu, Birendra Chowdhury are
not followers of Jaitley and they are direct selections of Modi. The
inclusion of independent political entities in the Cabinet automatically
means that Prime Minister Narendra Modi will listen to them.
Tuesday, 11 November 2014
Narendra Modi's first cabinet reshuffle
Instead of going into names of Ministers, their castes and regional
backgrounds, it might be better to have a general over-view of the
positives of Cabinet expansion and the limitations that Narendra Modi
faced. Barely 5 months have passed and Prime Minister Modi had to go in
for a major re-shuffle of his cabinet. There is nothing wrong for a
Prime minister in a parliamentary system of government to re-shuffle or
expand his cabinet. It is obvious that in the last 5 months some
weaknesses have become obvious in the functioning of the government. The
existing cabinet was in-adequate both in numbers and quality to deal
with the problems.
Monday, 10 November 2014
Modi's first expansion of his cabinet
Modi, Indira Gandhi and “Imposed“ Chief Ministers;
The electoral victories in Haryana and Maharashtra of BJP has had two
consequences. All the critics of Narendra Modi had to shut up. Then the
second more controversial consequence is that Modi has become an all
powerful political figure in India and therefore can appoint anyone he
likes as Chief Ministers. The selection of two total novices as Chief
Ministers of Haryana and big economic state of India Maharashtra has
caused shock and an anticipation that things will definitely go wrong.
Who are Chief Ministers Manohar Lal Khattar of Haryana and Devendra
Fadnavis of Maharashtra? The BJP says they are new faces, clean and
generally wonderful fellows. No one has heard of them before. Neither of
them has any experience in running any part of a state government.
Narendra Modi might like them. But is that enough to be Chief Ministers
of two most important states, where the BJP has never formed a
government?
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