The champions of new global order, claim globalization to be a panacea for every ill that our society is facing but they fail to take into consideration the local conditions, the glaring levels of poverty, the extreme form of malnutrition and rigid work cultures that still haunts a significant chunk of the world population.
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.
The Pakoda stall concept of mini business model example given by the PM, to boost self employment through small and mini enterprises becomes very relevant and meaningful than NYAY which seeks to tackle poverty through legislation.
Raghuram Rajan, who understands economics, economy and economic growth far better without being an economist.
Raghuram Rajan conveniently ignored the fact that of increment in saving doesn’t guarantee more purchasing power. And this is what exactly happened during his regime.
Opposition doesn’t utter a word about inflation as it has remained always under control, even when interest rates have slashed and fuel prices hiked.
A Chartered Accountancy final level student has some ideas for the Prime Minister.