He said the UPA had left the economy in a dire state, with Consumer Price Index and food inflation at double digit, Wholesale Price Index inflation around 6-7 per cent and growth prospects were limited.
'The Modi government's lurch toward America has not brought it any dividends so far. The Western world is simply not in a position to make big investments in India... India needs to take a leap of faith vis-a-vis China.'
'Tibet remains a prickly issue between the giant Asian nations. China still claims more than 80,000 sq kilometres of Indian territory in the Northeast. Why? Just because Beijing refuses to acknowledge the McMahon line which separates India and Tibet, and this, simply because the 1914 Agreement delineating the border was signed by the then government of independent Tibet with India's then foreign secretary (Sir Henry McMahon),' says Claude Arpi.
The India that needs strategic alliances, defence cooperation and engaging meaningfully with neighbouring countries is quietly moving ahead with confidence, says Tarun Vijay
'Whether it's investments in Kashmir, building naval facilities, or selling top-of-the-range military equipment, Pakistan could well benefit more under Xi's watch.' 'Do Chinese concerns about the 'Islamisation' of Pakistan give it pause about how quickly to move forward with security and economic projects? At the moment the indication is quite the opposite: China is doubling down on its support to Pakistan, partly because of its fears about where the country is headed.'
The corporate sector does not care from where the money is coming.
In a recent lecture, RBI governor Raghuram Rajan dished out some frank advice -- don't get into 'jugaad', instead try for the long haul. Only that will sustain in the long-run.
Once these banks start showing losses, they will not be able to pay dividends to the government nor pay taxes, which will further aggravate the situation for the government as its return on investment as an investor would be very negligible for the next few years, says M V Subramanian.
'It is a pattern of behaviour of the Chinese that whenever a Chinese leader visits India or an Indian leader visits China, some incidents take place.' 'When Modi visits China, we should look out for some similar demonstration by the Chinese.'
Bhendi Bazaar faces a fairytale future as the Dawoodi Bohras initiate a Rs 3,000-crore project to change it from a squalid marketplace to a swanky neighbourhood, says Ranjita Ganesan
