Arvind Virmani, PhD Profile picture
Macro economics, Policy Reform, National Security Strategy. Founding Chairman, EGROW (https://t.co/nBaDdrCAY7…)
Umed Mehta #a citizen 🇮🇳 Profile picture ramjiYahoo Profile picture Navin Pai Profile picture 5 added to My Authors
1 Oct
#India-#US bilateral military ties will continue to broaden and deepen, based on the overlap of national security interests!
2/indus #Inda-#US B2B is critical to long term cooperation in defence production and weapons development: mybs.in/2Zi8awM
Read 4 tweets
1 Oct
An efficient #GST with high boyancy, needs uniform 15% rate on 3/4th of Goods & services, exemption(0%) on basic food, drugs, health services & education(~1/10 of G&S), & higher rates (avg 30% inclusive of cess) on cigarettes & Autos(~1/10th). Drop higher revenue/rate obsession
2/gst The #GSTcouncil's obsession with immediate revenue raising by increasing rates, is damaging macro economy, by negatively impacting MSME/informal employment, income & consumption, and doing long term damage to inclusive growth and sustained higher revenues for development
3/gst Though in normal circumstances I recommend revenue neutral reform, in current depressed environment, revenue negative reform of GST is preferable to revenue positive GST reform, because it will provide a demand stimulus which will quickly recover the short term revenue loss
Read 5 tweets
13 Aug
Let there be no mistake about it(Ilusion/delusion): #USA lost to #Pakistan its first 21st century #Hybrid #war. #Taliban was merely an instrument! This defeat should by a case study on how to win a Hybrid war against a (powerful) democracy!
Read 8 tweets
13 Aug
The #Pakistan #Army learned the lessons from the #Vietnam war and carefully controlled the Western #narrative and the level of aggression in Afghanistan, the #US military apparently didn't, and lived in an imaginary wonderland created by its friends in Pakistan!
2/usa #BeAware: Unless #US foreign policy experts learn the correct lessons from the US post-war experience in the Indian sub-continent (& Asia more generally), they cannot be trusted to give sensible advise on S Asia to the US congress and US govt
3/usa This is solid competition for #CCP🤡, but #PRC will still win hands down! 🤓
Read 6 tweets
28 Jul
In my judgement, the political correction started 3-6 months ago, so it's just a matter of spelling it out in diplomatic language, to the US Govt and Congress!
2/indus #PM's message is very clear: We can discuss shared values, including differences & nuances as friends/equals; But just as you resent foreign interference in your democratic processes, we resent foreign interference even more, because of our colonial history.
3/indus Greater effort to understand each other's views on issues on which there is a lot of ideological-political differences within each democracy (rather than to lecture from one perspective in one country to a different perspective in the other country)? 🧐🤔
Read 5 tweets
18 Jul
Superpower or 🤡? "Pakistan’s army & its Inter-Services Intelligence(ISI) play key role in Taliban offensive. Without logistical support from Pakistan, the Taliban would be hard-pressed to operate in such a widespread way". epaper.timesgroup.com/Olive/ODN/TheE…
2/usa Superpower or 🤡? "Of course, Pakistan has been the Taliban’s patron since its creation in the 1990s.
It is impossible to defeat the Taliban as long as Pakistan provides sanctuary and safety, training, equipment and funds for the Taliban."..3/
3/usa #Clownanalysis101 🤡 "Pakistan cannot be defeated, as it is a nuclear-armed State and has the fifth-largest population in world. ...It is curious that Biden has so little to engage with Pakistan. He has yet to talk with Imran Khan." ☝🏼superpower is going to fight #China?😭
Read 61 tweets
1 Jul
Who lost Afghanistan? (1) Defense Secretary Donald Rumsfeld did not want to invest in the Afghan army—and by the end of 2003, just 6,000 Afghan soldiers had been trained. " ...2/
2/afpak (2)Taliban fled across the border to Pakistan, where they regrouped, raised funds, recruited in madrasahs & trained with Pakistan’s security service, Inter-Services Intelligence. Many ISI officers had worked with Taliban leaders for decades & shared their worldview..3/
3/afpak Pakistan’s role turned out to be fatal. Even as USA prosecuted its war in Afghanistan, those it fought found refuge & training in cntry next door. But #Bush admin turned a blind eye to Pakistan’s machinations; it provided it $12 bil (>$6bi reimbursement for military ops)"
Read 4 tweets
30 Jun
"We ❤️ #FAANG #monopolists " Beware #Goebbles says :" If you tell a lie big enough and keep repeating it, people will eventually come to believe it." (Hint: Count how many times we have heard this same #theme, in the same #media, by the same #authors)
2/goe #Economics101: If in an industry, u create a counter to an existing monopoly, u turn it into a duopoly, if u create 2nd counter it becomes an oligopoly. The first step in creating completion. The second step is to create a regulatory system that fosters/promotes competition
3/goe #RegulatoryEc The danger to society from #Asymmetric info & #moral hazard in #Finance was 10x that of goods monopolies, the danger from #SocialMedia & #E-com monopolies is 10x that of Financial collapse! Need 21st C regulations for latter! 🙏🏼don't make it a partisan issue
Read 4 tweets
10 Jun
Econ101: Any market economist who has worked on developing countries knows about the difference between social and economic return to investment, & how government must act based on this difference: Govt must invest directly or give financial incentives to private investors
2/* (correction) ….difference between social and private return ...
3/scba Difference btwn social & private return has to b larger than cost of intervention, incl inefficiency induced by taxation & the administrative costs(+corruption) of intervention. Beware of political benefits being mis-represented as social benefits. Benefit/cost <0 is posbl
Read 4 tweets
9 Jun
Our dual S-curve model of propagation of mutations(blue & orange) is right on track (see egrowfoundation.org/research/india… ) with an underestimate of ~ 2% for total cases (green; had warned of potential underestimate of up to 10%, due to slower slowdown than predicted by model):
2/scurve Corresponding curves for Madhya Pradesh, which was the furthest ahead in returning to normalcy (as of June 3)
3/scurve At the other end, Tamil Nadu is most distant (along with Assam) from normalization. Note that the blue curve(up to June3) was still on the rising part of the predicted curve (orange). Consequently total cases (green) are still some way from flattening out, in TN.
Read 5 tweets
30 Apr
Based on S curve analysis of Indian cases, I conclude, mutations are reason for explosive 2nd wave. I model spread by dividing infections into 2 streams(original & mutations)=>The case spread curve is likely to flatten by 1st week of July at <22 mi cases. dravirmani.blogspot.com/2021/04/indias…
2/covid For S curve methodology and modeling framework developed by us, please see the @EgrowFoundation research paper, egrowfoundation.org/research/effec…
3/covid Please note that for the formal model of new/cumulated corona cases, I have used data on India from the Johns Hopkins University, Covid data set (rather than the ICMR data used in first half of the note on active cases), as this was the data used in earlier research.
Read 4 tweets
25 Apr
Yesterday, after a long discussion with a close family member who is a US MD phd, we agreed that with world's best #contagion models (% masks & social interaction) available in world today, the covid take-off could at best have been predicted 7 to 10 days before it exploded...2/
2/covid #Covid Pragmatic suggestion is to ban all #Social gatherings of > 7-10 people (indoors & outdoors), till curve turns down, but don't stop economic activity (w cumplusory masking, distancing). Once curve flattens, outdoor gathering restrictions can be eased with masking
3/covid Cities/towns/urban,/semi urban; rural markets/melas areas are where there is the greatest interaction between people (mobility & personal interaction are the key parameters in these virus spread models)
Read 19 tweets
13 Apr
43/gpc Effectiveness of different #vaccines, & range of uncertainty (chart)
44/gpc This 🧵👇🏼is consistent with what I have said in my tweet 🧵☝🏼 since august 2020
Read 43 tweets
2 Apr
#PCP "#CCPapologists(🐍), #CCPcollaborators(🤑) and #CCPusefulIdiots(🤡), must unitedly oppose the Pompeo-Blinken US-China policy, which has bipartisan support and 75% (?) public approval"
2/chus #US-#China contest has 2 elements: A traditional great power contest and an ideological struggle, between a free market, open democratic system and Socialist-market economy, society, polity run on the principles of "Scientific Socialism"(Marx-Lenin-Stalin-Mao-Deng-Xi)!..3/
3/chus It differs in two important ways from the US-Soviet contest. 1) China's #socialist #market #economy is much more efficient,productive & profitable than Soviet planned, loss making, economy, (2) China is far more integrated with Global economy(incl US, EU) than USSR was..4/
Read 4 tweets
31 Mar
#PIP Western(& Indian?) foreign policy experts and foreign trade negotiators, believe that the economics of merchandise trade, is the same as the economics of patents/intellectual property and the economics of the digital economy, because they are clueless about the last two! p
2/pip Intellectual Property (#IPR): The public economics of #Patents clearly shows that the optimal length of a patent depends on two opposing effects. Greater duration increases the profits from innovation, but patents slow use of new tech & discourge further innovation...2/
3/pip Optimal patent length is diff for diff econ's & diff for diff industries(proved empirically). Optimal length is V diff for developed cntrys(US, EU) than for EMEs(India, Brazil, SA). There's no ec justification for US/EU imposing its view. Int rules must split the diff...4/
Read 8 tweets
27 Mar
#USA is a free democracy, #India is a "partly free" democracy
#FOE Japan is a free democracy, India is a partly free democracy: Compare the ratio of critical/unfavorable articles, to favorable articles, in the top 3 news sources in Japan & India respectively, to find which press is freer! #SciMe 1st data, 2nd Analysis, 3rd Policy/views!🧐🤔
3/demo #Majoritarianism & freedom: Compare treatment of minorities in USA(non-christian), Japan(Korean etc) & India (Muslims): In particular plot over 70yrs th % of minority pop on same graph & compare decadal changes[summarizes it's discrimination(in cntry) & opportunities(ROW)]
Read 93 tweets
24 Feb
I hope our economics teachers, indoctrinated with marxist ideology, will be able to understand this and explain it to their students! 🧐🤔
Read 8 tweets
12 Feb
Our territorial claims are known by our map; Has the "Tibetan Govt in exile", which Indian hawks want India to recognize as the "Govt of Tibet", ever accepted in word or deed, that it's the true boundary between India and Tibet? Has any other country in the world (except Bhutan)?
2/tibet 👍🏼👏👏👏 (incidentally the US has also, directly or indirectly, accepted our boundary in NE). Question mark still remains about #Tibet-#Ladakh boundary!
Read 4 tweets
12 Feb
#HBYN #SciMe With th availability of commercial satellite maps, is it so difficult for researchers to map #CCPPLA's history of #Creeping #Acquisition on Tibet-India border, over 30-40 yrs; so we have clear time lines, & can end th endless bickering among ourselves about facts?🤔
2/agp #SciMe The purpose of satellite based analysis is to determine & time stamp, the facts about roads, defensive/offensive structures & troop movements (if possible), of both countries; These, can then be combined with historical evidence on claims, to do FP/NS analysis!
3/ago This #data gathering by neutral researchers is necessary for convincing #Patriots, who question the factual basis of every national security & foreign policy statement of their democratically elected government ! 😎
Read 6 tweets
11 Feb
#Hypothesis: Agreement to disengage in Pangong lake was reached in Sept-oct, but #CCP11 backtracked in Oct/nov on expectation of Biden win! Blinken's 6th Feb call to Yang Xi confirmed firm US policy towards China. #Xi gave approval for implantation of Pangong agreement thereafter
2/hy #CCPPLA will not abandon its #Creeping #Acquisition policy on India-Tibet border till there is a border settlement, or we establish #Hard #Deterrence viz #PLA, or both! Indian Nat security apparatus is working on this premise; Post-Galwan,political estblishment is on board!
3/hy Dis-engaging tanks & Heavy armor, from battle field positions, is the first step!
Read 12 tweets