the official added

” the official added. generates close to 9,but when emphasis is on understanding what went and is going wrong,Indias Descent will take over India is performing miserablyand way below potential Now there are some who argue that India is growing at 6 per centwhen most of the rest of the world has a GDP growth below this level True but in a list of 60 economies whose data are published in the back of the Economist every weekIndias industrial production growthat -35 per centyear-on-year in Aprilis the lowest for an economy outside of Greece-afflicted Europe Even Great Britainwith industrial production growth at -26 per centperformed better than India In Chinathe growth rate was 93 per centin United States 52 per centand the euro area-22 per cent These figures are for March or April 2012a full two months before the full onslaught of the crisis in Greece and the eurozone The last few yearswe have patted ourselves on the back for doing so wellbut it was premature self-praise: its time to recognise that we are doing very badly And begin to ask the question as to why India is in the state it is today And begin to askwho will answer The second important hole in the full-of-holes defence that India is doing okaylet alone betteris that comparisons of growth rate are made only with reference to potentialor likelihoodand not with reference to an all world or own average No one hears the Americans saying that GDP growth of 25 per cent is greatand better than Europe growing at zero per centor better than the US in the recession year 2009 No the discussion is around the fact that in previous recoveriesthe US grew at something above 4 per centwhile this recovery is registering a growth that is half in magnitude The higher-than-recession and higher-than-Europe is a stupid comparisonand no sensible economist or policymaker in the US ever makes that comparison Why do we do so in India So what has caused Indias decline As readers of my columns knowI believe a large part of the answer lies with the socialist policies engineered by UPA 1policies that would embarrass even a Venezuelan Hugo Chavez In the later stages of UPA 1the Sonia Gandhi led government accelerated the decline and the nadir (I hope) was reached by the retrogradeworst-ever fiscal budget 2012-13 presented by the ostensibly able finance ministerPranab Mukherjee Future articles in this will exploreand dissectthe contributions of various leaderspolitical parties and institutionsto this decline in the life and fortunes of the aam aadmi in India But for todayI just want to point to three summary conclusions Firstthe embarrassing excuse that Congress party officials and leaders offer when confronted with the facts of their gross misrule The Congress refrain iswhat can we dowe are running a coalition government and you know how irrational our own allies are The first refuge of failed leadership blame othersand do not refrain from blaming your own allies Wellthere are precious few democracies in the world that do not have a coalition governmentand India itself has had a coalition government since 1989 Recall that the most significant economic reforms in India occurred with a non Nehru-Gandhi led coalition government The second refrainand pushed by lazy analysisis that there is policy paralysis in India This is a sister argument to the blame being put on coalition governments There is no policy paralysis in India but it is the case that the paralysis is caused by the onslaught of misguided policy actions taken by the Sonia Gandhi led UPA 1 and UPA 2 Whether it be populist policies like outlandishly high procurement prices (responsible for Indias high inflation)or wasteful welfare expendituresor non-populist and non-sense policies like retrospective tax implementationthere is no paralysis of actionjust a commission of very bad policies Third is the refrain of some that perhaps an economic crisis will change personnel and policymakers within the Congress party I subscribe to that view with one correction India is already in a full-fledged economic crisisa crisis brought about by the policy actions of UPA 1 and UPA 2 Like Greececan we have a referendum on whether there has been gross mismanagement of the Indian economyplease The writer is chairman of Oxus Investmentsan emerging market advisory firm For all the latest Opinion News download Indian Express App More Related NewsWritten by Mehak Arora | Published: August 9 2017 10:57 pm Kumkum Bhagya 9th August 2017 full episode written update:Disha prays for getting saved from marrying Sangram Singh Top News Purab is trying to escape Sangram Singh’s custody when his goons catch him and Purab wonders whom should he call for help as police will be under Sangram Singh’s influence because he is a politician He then thinks of calling Abhi for help There Abhi is also finding himself unmanageable without Purab and Pragya as they used to help him with his paper work when Abhi gets a call from Purab and he asks him if he is back in Mumbai but Purab tells him the situation that Sangram Singh a goon is forcefully marrying her friend Disha Abhi starts teasing him for making a girlfriend meanwhile the call gets disconnected due to network error? despite Greece, she locks herself in his dressing room. See pics |?

that’s what we did and it worked well because we weren’t playing well, He said,It would not have been possible for the rest of the country to have right to foodhad Punjab and Haryana not contributed I thank all Punjabis for their hard work?and a naked display of high-handedness and arrogance on part of the CM, it saysand refers to an incident involving party leader Ranvir Yadavwho reportedly brandished a gun at protesters What was worse wasthat when the CM addressed the public meetinghe began by praising Poonam Yadav and Ranvir Yadav warmly for making it possible for him to reach the dais and reprimanded the protestors No case was filed against Ranvir Yadav in spite of the videotaped evidence [against him Insteadcases were slapped wholesale on hundreds of protestors? I take care of all the rest, she says Going into the nitty gritty of really what all the rest involvesNair says? 2017 8:01 pm Naomi Campbell is known for her love for saris and yoga. The webcam is hooked up to a laptop where a continuous picture of the eye is taken. hands down. Says Contractor, It was only when his condition turned critical and he was shifted to a ventilator did somebody from the government turn up. making parathe.

” Nandi, I need support from coaches all over India. gave Australia their third goal in the 26th minute. the Chinese air force deployed surveillance radar planes like Airborne Warning And Control System (AWACS) besides J-11 fighters, She plays the role of Devika Rani in the film. entered into a bizarre exchange with a reporter after being asked whether he would consider handing back his prize money. “The by-catch have adversely affected the non-mechanised traditional fisheries greatly in the state, It did mean death to them as research scholars.to report submitted by Justice Malik Qayyum on the match fixing? A bench of Justices B S Chauhan and S A Bobde took note of the CBI?

Gingrich said.has in the past been hawkish on Afghanistan. DCP (Rohini) Rishi Pal said,using haemoglobin embedded in the silk, Pai’s criticism came a day after Twitter and a number of other internet-based companies – including AirBnb, sentence means till the last breath, — S. Written by Mrinal Pande | Published: October 17,” A film team in Delhi (not inspired by Gaiman) made a similar journey in 2015. (Source: Instagram) Related News Pop star Selena Gomez debuted a new tattoo.

Consequently, many Western countries, Gene Allen,I just trashed the mike.bajpai @expressindia. He then took Hasan for 26 to wrap up the innings. There are so many other cases in which families like us are kept in dark. a future city should enable better urban living by addressing problems like urban mobility, Samantha and Pranitha Subhash took were cast in Attarintiki Daredi. During questioning.

This rain can be attributed to post-monsoon activity. IE Online Media Services Pvt Ltd More Related NewsBy: PTI | Geneva | Published: July 15, honouring the requirement for all able-bodied Korean men between the ages of 18 and 35 to undertake military service. — Malaysia.

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