Indian Economy

The reason why phoren investors are exiting is basically this;

Trump gets eleceted -> promises batshit crazy econ/trade policies which in turn expected to facilitate higher inflation -> inflation nos already acting up -> Fed expected to cut less -> money pours into burgerland -> bond yields are borderline nonsensical -> US$ gets strengthened like crazy

We will probably get away with a 7%ish real growth but how do you even fight back against this shitshow?


Does it make any sense?

Nothing to do with 'taxation fears'. How these posts manage to gather thousands of likes is something I will never understand (yeah, I know xitter is infested with bots but still).

This, USD strengthening is the exact reason why they're exiting(for now).

USD at this point is defying any kind of market/economic fundamentals. At a macro level such record trade and budget deficits should act as downward forces on any currency, but instead it keeps appreciating due to Trump tariff threats. Almost nonsensical.

Also to add, this is just cyclical. Over the past few years, I've seen lot of articles of FPI's withdrawing huge amounts of money followed by by vidhwa vilap from desi patrakars(esp from TheLiar.in) and so called commentators.

6 months later the same FPI's return with huge amounts and it evens out. Lot of these investors are just moving money around between various markets for short term profits.
 
Did you check the recent print video regarding State of Indian economy.

View: https://youtu.be/CT0J30Kw3QM?si=_ON3AjKx8a5ieQxo

Guy is none other than our @jaijaganath
Alter ego.

But he was good on one thing, why the **** we can't even implement high Labour low skill job like textile in worst states like UP, Bihar.

Even that will come from Vietnam in coming years since our productivity is dogshit

The day these econoshits start getting judged by their past "predictions", the country will have 90% less of them instantly
 
Well for massive investments to flow infrastructure has to be ready. MP has build massive road network in these years. And those are good quality roads.
Now expressways are coming up.

Still shivraj was not able to transform administrative suitable for rapid growth.

That is why mohan yadav was put forward by rss. And he is doing administrative surgery.
He is introducing rapid changes in administrative process like land registration can now be done online, no need to wait at registrar office forever. Land nomination will follow automatically. No need to bother for that.

For investment he is organising regional conclaves and have been successful till now.


Yet for big ticket investments MP need to enlarge it's metros . So one important step has been to enlarge Indore metropolitan area with inclusion of area from surrounding districts.


I guess this will be repeated for bhopal , gwalior and jabalpur too.

Yet it's still a long way for MP.
Plus he is also starting state bus service. It's really necessary because you can't hinterlands easily with private buses.
 
Rousing the Indian Bureaucracy from Its Slumber

India is a remarkable country, a fact the British recognized in the 17th century when they arrived, conquered, and created a bureaucracy modeled on their own to manage it. This bureaucratic machinery, in multiple layers, governed India for over a century and half. Toward the latter part of British rule, a handful of highly qualified and politically reliable Indian citizens were inducted into senior bureaucratic ranks as ICS officers to govern. These individuals continued to manage administrative affairs when Indian politicians assumed national control post-independence.

The British recruitment and service procedures were retained, with the distinction that all highly qualified Indian citizens became eligible for these services. However, the lower echelons of the bureaucracy—the clerks and section officers—were a legacy inherited from the Mughal and Afghan eras. These individuals mostly Muslim primarily managed taxation and other local or provincial duties. Seeking firmer control, the British replaced many of these roles with qualified Hindu personnel, marking the genesis of India’s modern lower bureaucracy.

In 1905, Lord Curzon recognized that Hindus dominated the administrative apparatus. To address this imbalance, he encouraged Muslims to join the bureaucracy, leading to a more diverse but still largely Hindu-dominated civil service.

Independence and Bureaucratic Drift

Under British rule, discipline was strictly enforced, and entry into the civil service at all levels required stringent qualifications. Policies were implemented with efficiency and rigor. However, independence in 1947 introduced lethargy, indecision, and delay across the system. While some politicians were capable leaders, the majority relied heavily on the bureaucracy to manage the complex task of governance and development planning.

As the post-independence bureaucracy expanded to meet the needs of a developing nation, it became increasingly entangled with politics. This alliance between bureaucrats and politicians fostered corruption and inefficiency. British-era civil service laws, combined with additional complex legislation, created a system where delays, buck-passing, and indecision became the norm at every level of government.

Attempts at Reform

By the 1990s, when Dr. Manmohan Singh became Finance Minister, he faced significant resistance while appointing Montek Singh Ahluwalia, a highly capable economist, as head of the Finance Department. Ahluwalia’s lack of a traditional civil service background drew the ire of an entrenched bureaucracy unwilling to embrace change.

In 2014, Prime Minister Narendra Modi sought to shake up this inefficiency. While he couldn’t deliver a decisive body blow to the entrenched bureaucratic system, he made it clear that delays, lethargy, and incompetence would not be tolerated. In the process high-ranking civil servants were retired or reassigned to less critical roles. Despite these efforts, the bureaucracy remained deeply entrenched and resistant to transformation.

The Need for a Shake-Up

India’s bureaucracy urgently needs a comprehensive overhaul. It must align itself with global standards that prioritize efficiency, transparency, and ease of doing business. The inefficiencies and resistance to change that plague the current system hinder the nation’s progress.

It is time for a leader or movement capable of shaking this lethargic system to its core, ensuring that Indian bureaucracy becomes an enabler of growth rather than an impediment. That may require changing the service rules to weed out incompetence which creeps in when all around lethargy is prevalent. Only then can India fully realize its potential in the modern world.
 

Latest Replies

Featured Content

Trending Threads

Back
Top