tag:blogger.com,1999:blog-33693245.post8222637320301061241..comments2024-03-04T23:40:58.133+05:30Comments on The Big Picture: Global economy more crucial to growth than reformsThe Big Picturehttp://www.blogger.com/profile/06018983225756352176noreply@blogger.comBlogger7125tag:blogger.com,1999:blog-33693245.post-75498657835485039112013-03-17T17:27:32.776+05:302013-03-17T17:27:32.776+05:30ghd baratas tljhlmkj ghd españa gyxxjmqy ghd plan...<strong><a href="http://www.planchasghdsk.com/" title="ghd baratas" rel="nofollow">ghd baratas</a></strong> tljhlmkj <strong><a href="http://www.planchasghdsk.com/" title="ghd españa" rel="nofollow">ghd españa</a></strong> gyxxjmqy <strong><a href="http://www.planchasghdsk.com/" title="ghd planchas" rel="nofollow">ghd planchas</a></strong> iyadcakk <strong><a href="http://www.planchasghdsk.com/" title="ghd" rel="nofollow">ghd</a></strong> zpkipivd <strong><a href="http://www.planchasghdsk.com/" title="planchas ghd" rel="nofollow">planchas ghd</a></strong> aypejyis<br />Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-33693245.post-75310067746420410872013-02-13T06:22:45.014+05:302013-02-13T06:22:45.014+05:30xkrxe204
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Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-33693245.post-6371885854230352922012-12-24T15:29:09.536+05:302012-12-24T15:29:09.536+05:30Ah ok, but the problem I see with the article is t...Ah ok, but the problem I see with the article is that it states the reason for lower growth in the short-term and leaves it at that. <br /><br />The title is open to the common mis-interpretation that it is the global economy to blame and reforms won't help, without the caveat of short/long term. <br /><br />Experts should be saying the opposite to the policy makers and the people: forget about the global economy, but lets do x,y,z reforms as that is what will determine long term prospects. Furthermore, it should not come as a surprise to most people, least of all policy makers, that the global economy is in a funk.<br /><br />I know this might look like nit picking and its fairly obvious, but there is a culture of blaming the global economy for all our woes (and not attributing good things to anything but the fabulous India story), which should not be an escape route for policy makers. Ofcourse, such thinking is great for animal spirits, and promoting risky investments. So, excessive confidence has its benefits. :)<br /><br />Also, I'm curious to know whether you agree that FDI is indeed meaningful reform? I find it dubious because its not like there is shortage of domestic capital in the country. In fact domestic capital has been vocal about bad governance and going to other countries for investment opportunities. And, true reform would have been on the govt side of things - governance, infra, etc. I'm overly cynical on FDI, to the extent that I think FDI is an easy option out to get some new naive investors (bakras) into the market, to mask deep flaws in the public sector responsibilities in this sector. It might still be useful, and in turn lead to better quality governance too, but its not what experts should be lauding or calling for? Do you agree?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-33693245.post-35803816323296540932012-12-24T10:05:51.048+05:302012-12-24T10:05:51.048+05:30R@J: As anonymous below points out, these reforms ...R@J: As anonymous below points out, these reforms will have some effect over a very long period (especially FDI in retail). Improvements in efficiency, stemming from reforms, should help lift growth but the impact of the particular reforms we have had should not be exaggerated. I would imagine that improvements in education and healthcare would be more important.<br /><br />Anonymous, I was trying to make the point that the current bout of reforms should not be viewed as a quick fix for the slump in growth. <br /><br />There is little point in focusing on the short-term because, in the short-term, it is the global factors that are going to dominate.There is also the issue of growth versus equity (which is implicit in debates on land acquisition policy and the like) which I have not alluded to.<br /><br />-TTRT T Ram Mohanhttps://www.blogger.com/profile/06925858642839337950noreply@blogger.comtag:blogger.com,1999:blog-33693245.post-88124458318724004882012-12-23T22:30:46.612+05:302012-12-23T22:30:46.612+05:30This is the sort of conclusion you get when you fo...This is the sort of conclusion you get when you focus on next year's growth as opposed to the growth for the next decade. You should change the title to say: Global economy more crucial to short-term growth than reforms. With the obvious corollary that reforms are more important for long term growth. Fairly obvious points, isn't it? And, what do you think should be the focus - short term or long term?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-33693245.post-12538913544839435982012-12-23T13:25:26.519+05:302012-12-23T13:25:26.519+05:30Excellent Analysis....Excellent Analysis....Reflections Of Vishal V Kalehttps://www.blogger.com/profile/12991791777494699794noreply@blogger.comtag:blogger.com,1999:blog-33693245.post-92230345213218035782012-12-21T15:06:39.721+05:302012-12-21T15:06:39.721+05:30Sir,
What kind of an effect do you expect this bu...Sir,<br /><br />What kind of an effect do you expect this burst of reforms, if implemented, will/can have on India's growth story?Rajesh Rikamehttps://www.blogger.com/profile/01756713535212629440noreply@blogger.com