As a reforms historian, I had seen the situation of Indian economy in the last phase of Congress Government which was engulfed with policy paralysis and stagnant economy and therefore in reassuring the peoples' faith bestowed on him-Modi had to take several bold steps and one of it -is demonetization.
What is the secret of longevity? Balanced diet, regular exercises and quality healthcare services. If your answer is just these, you are missing out several other factors. Health and longevity are dependent not just on taking good care of body but also taking equally good care of mind and spirit. A number of factors affect this, from the art of laughing and practising gratitude to the love and support of your spouse and parents to eating chocolate!
In today's interconnected world data is the lifeline of any economy. Free-flow of data across the world has made it easier for a person sitting in one part of the world to access the data in any other part of the world. This has made it easier for any business to expand its reach at a global level. However, the importance and use of data does not stop at connecting the individuals and the businesses. Business worth trillions of dollar is done annually where the primary input is data. Five most valuable listed firms in the world - Apple, Amazon, Alphabet (Google's parent company), Microsoft and Facebook - deal primarily in data.
There's consensus now across the political and ideological divide that even in the high- growth years, a large section of the population was not receiving the dividends of the progress India has made. There are a number of deeply-entrenched factors because of which every Indian has not been able to benefit from the GDP growth India has seen in the last two and a half decades post-liberalisation in 1991.
Professing Indianness has taken media spending to a new high and journalistic ethics to a new low. There are marketing as well as editorial solutions to 'nationality laundering'. A Chinese company of yesterday becomes an Indian company of today by simply advertising so. Uber CEO is happy to take on Indian nationality alongwith Indian Guest Editorship.
A heartening development in the Indian politics in the recent years is, increasing focus on governance. Elections have been contested and won on the plank of "good governance." States are trying to outdo each other in implementation of good governance practices.
Since taking over as Prime Minister last May, Narendra Modi has made several major announcements-smart cities, bullet trains, Digital India, Make in India, Jan Dhan, to name a few. Recently, he talked about taking India from a $2-trillion economy to a $20-trillion one. Of course, one day, some time in the future India will be a $20 trillion economy. But, what is the timeframe we should be looking at-15-20 years, 30 years or 40 years? In a subtle way, can India become a $20 trillion economy within a generation?
Finance Minister Nirmala Sitharaman has brought in Diwali early for the economy by lowering taxes on corporate profits to nearly the lowest level across comparable countries. Within minutes, the stock markets gave the announcement an 1800-point salute, the highest intra-day jump in a decade that lifted market valuation by Rs 5 lakh crore.