What are BJP's economic policies based on? Who are they getting their advice from? How is it different from the Congress’? Why is it different from the Congress’? What is the ambition? What do they want to accomplish?
in the face of globalisation, the need of the hour is to have less centralised, more competent and independent regulators and swifter resolution of disputes by the judiciary.
In times of a struggling economy and raging pandemic, among reforms announced by central govt to boost private investment in the country, the message these types of laws send to the world is quite opposite.
All economies should focus on self-sufficiency where they can provide for all without any dependence on external sources. This change in priorities of the neoliberal order will remove all the internal fractures in it like poverty, over exploitation of the environments, unemployment, disease and other internal conflicts over scarce resources.
Efforts to rekindle the historical ties with African countries and to lessen the Chinese influence in the region, Modi foreign policy, 2.0 is on its toes, with efforts like ‘Project Mausam’, to revive maritime ties among the Indian Ocean ports, started by Indian Ministry of Culture in 2014,
Chanakya had written this in the 12th century, about 2000 years before Smith’s The Wealth of Nations. It will not be wrong to claim that Chanakya founded ‘economics’ much earlier than Smith.
From the country’s perspective, the need of the hour from the new governor is the delineation of an agile credit delivery structure that meets the demands of all sectors of the economy.
Government is working on its import strategies reworking its import strategy by targeting various factors like Iran is also ready to trade with India in Indian currency itself.