For a decade or more one has been saying, "stop hyphenating India with Pakistan and start comparing Pakistan with Bangladesh"? With Bangladesh GDP higher than Pakistan's GDP, I still doubt this will happen (Hint: Indian Per capita GDP will again be higher than Bangladesh in 2021)
2/bd #India's per capita GDP will return to a level higher than #Bangladesh by 2021, contrary to the simplistic, straight line growth projections in this 👇🏼 article. Keep a note of All the renowned economists who believed👇🏼, and compare after a year, with what I have said today.
3/bd We first used the example of Bangladesh during 1990s to motivate labor reform; which were critical to promoting labor intensive garment/textile exports. Bangladesh Textile units had 1000s of workers, while our exporters were scared to hire >20, as they couldn't b fired...4/
4/bd Our tariffs are still relatively high, and tariff structure & EXIM procedures more complicated than that of more successful exporters. Consequently we remained outside global supply chains! Our tax bureaucracy has worst reputation globally (#EoDB=>simplify,digitize,integrate
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"Actions speak louder than words" "Speak softly and acquire a bigger stick" Ignore the #DumbExperts who can't even interpret govt policy from its actions and keep asking govt to spell it out for them in words😢: business-standard.com/article/defenc…
2/ The commentariat has difficulty in deriving Govt policy intent from actions, only when the implication is positive, they find it very easy to unambiguously divine Govt's policy intentions from statements of random party people, when the implication is negative!🤓🤡
2/def The 21st C version of #Autonomy: One aspect is to develop mutually beneficial strategic relations directly with US allies, without the intermediation of the USA. This will make them immune from vicissitude of US domestic politics.
So far so good, haven't seen any serious error/problem in what I've seen so far, but I need to look more carefully, before making a judgement. But clearly the reform process is now well under way 👍🏼👍🏼
3/labor Best change is reversal of #Indira#Gandhi's arbitrary decision during infamous #emergency, to lower limit for, retrenchment w/o bureaucratic permission, from 300 to 100. This will help restore the #Missing#Middle", as firms with <100 workers are free to expand to 300
Individuals have rights & responsibilities for which they're accountable, not a group they r labeled with. If you give group rights, groups will also be held responsible for every member of group and if u hold group responsible for 1 individual's action they have group rights too
2/gr Sadly, our intellectual elite has failed to understand this for too long; If U keep creating group rights w/o responsibility & accountability, unfavored groups eventually revolt, followed by system collapse/anarchy. Equality of all humans/individuals is only sustainable sln
3/grp Individuals are good or bad, moral or immoral, responsible or irresponsible. The #communists invented class groups to promote hatred and strife, all decent humans should reject their hateful agenda & methods
This is a #revolutionary#reform of the #agriculture#sector, which will help farmers and hurt middle men & their political partners who share in monopoly rents. I have observed hints of this rent seeking in decision process of the Committee of Secretaries on prices!
2/ru Don't let vested interests mislead u by red herring of Usery (which is banned since 1918). That's a separate issue which was addressed by bank nationalization, DFIs, setting up of NBFCs and the proliferation of micro finance institutions(MFIs bankbazaar.com/personal-loan/… )
2/gpc #TTQ#Testing is useless if the "#quarantined" person infects every1 in his/her household or all non-COVID patients in clinic/ hospital. Testing is useless if a person has already infected 10 others & u can't #trace them! #TTQ is only as good as the weakest link in chain
3/gpc #TakeCare A V good friend just got #Covid from visiting a neighbor-hood Bank branch in which 5-6 employees were found to be infected (obviously he didn't know this when he went ). Follow five fold path in 🧵 & if you are over 62 avoid meeting any stranger.