News Wire

Emotions may win over reality in Modi’s Maninagar; people will suffer, vote BJP

Prime Minister Narendra Modi might be listing demonetisation and GST as his government's two major achievements which changed the course of the Indian economy but the people of Maninagar, the constituency he represented as Chief Minister, do not seem to be all that enthusiastic about it as they share their woes on how the two decisions disrupted their business activity and dampened consumer demand.

Bleak prospects persist for Indian economy in next few quarters

The much-awaited second quarter gross domestic product (GDP) figures were released last week. It must have come as a relief to the Modi government that economic growth is finally on the upswing. After five successive quarters of decline, growth inched up to 6.3 percent in the July-September quarter after hitting rock bottom at 5.7 percent in the previous quarter. There was a mild sentiment of euphoria over this turnaround, but it is instructive to point out that even the worst quarter after the 2008 recession took India to a low of 6.9 percent. Clearly, we've left the last decade far behind.