Discover and read the best of Twitter Threads about #indiaecon
Most recents (5)
#IndiaEcon Policy reform must be translated into simpler rules & procedures on the ground, before it translates into production efficiency, investment, job creation and productivity: Well designed & implemented reform, will reboot the economy. ..2/ hindustantimes.com/india-news/reb…
2/rfrm Badly designed reform, like original GST structure (with 10s of Cess), will Not result in greater efficiency or growth. Incomplete reform, like Labour codes, will not generate visibly more jobs, till simple rules, procedures & reporting requirements are put in place!
3/rfrm There are 2 human weakness to beware; Tendency to, (1) “rest on ones laurels” tire & leave things incomplete and/or unattended, (2) Arrogance; In a world of great uncertainty, shocks & big changes, one has to constantly learn and adapt to new threats & opportunities!
#IndiaEcon What #India needs today is a trilingual (Hindi, english, gujarati), patriotic, trusted, businessman in #PMO, authorized to collect policy reform ideas from the best practitioners/most experienced experts in India and discuss these ideas with PM every evening for 30mins
2/nation A true (nationwide) economic eyes & ears of honorable PM Shri Narendra Modi ji, with no administrative responsibilities, but with the complete & absolute trust of PM, and the ability to judge which ideas will translate into #chinabeating GDP growth from 2021. Jai Hind!
3/nation Once 👆🏼change is made, Govt should develop an #India2050 plan to exceed China's GDP by 2050, with the cooperation of World's free market, open democracies(#D1). A #DualisticTrdPol would be a key pillar of #India2050 plan to shift #Value/#Supplychains to D1 from #CCPchina
82/n https://t.co/5g9SWoalWE
83/n #SupplyChain #Diversification => #IS (= Import Substitution) & #Industrial #Policy:- https://t.co/EdXjCRd7Pd
#IndiaEcon Pandemic is creating a huge, natural, short-medium term(1-2 yr) opportunity for Self Sufficiency. #India could use this opportunity to make push for #Indigenization by #Accelerating #EconomicReforms to reduce #Bureaucratization (#BS). But who will bell the cat? 😢😢😢
2/econ We have to focus in an integrated way on the #Threat from crisis (👇🏼) and the #Opportunity (👆🏼), so as to minimize the negative effect of crises and maximize the positive benefits possible from the fallout.
3/econ Union+State govts should urgently create #Register of self-employed people (& contact workers), in Service industries connected to Tourism, Travel, Trade, Retail, Resteraunts, Hotels. Real Estate, Entertainment, containing their #Aadhar, #VoterIdNo & #MobileNo & workplace
#ChinaEcon For #CCPchinaInc this is worse than Globbal Financial Crisis(GFC), bcs (1) Debt/GDP is already V high, (2) Cntrys with China trade deficits(USA, India) will resist subsidized dumping of exports, (3) It hits supply(labor) in addition to demand. Forcst 2020 GDP gr 1-3%
2/Ch #ChinaEcon This can only restore economy to previous levels, but wont help generate sustained GDP growth beyond the trend growth of real Household consumption in last 2 decades https://t.co/EvsbnsksSM
3/ch #ChinaEcon #CCPchinaInc's Real GDP growth will return to its long run sustainable average of 4.5% +/- 0.5% by 2021 (Official growth will of course be much higher then my predicted growth during both 2020 & 2021)
