A Review of Indian Economy; Growing Over 7% -Plus And $5 Trillion by 2027

A Review of Indian Economy; Growing Over 7% -Plus And $5 Trillion by 2027 [Credit-Only IAS]

The Ministry of Finance published a report titled 'The Indian Economy- A Review' that said the Indian economy is likely to grow at over 7% and is expected to have a GDP of $5 trillion in the next three years.

The report was prepared by the Office of the Chief Economic Adviser, which expected the Indian economy to be the third-largest economy in the world in the next three years.

Mark Mobius Said India Will Get More Money Normally Than China

The Indian Economy's Review by Chief Economic Advisor:

Chief Economic Adviser V Anantha Nageswaran said it now appears that the Indian economy will achieve a growth rate at or above 7% for FY24, and some predict it will attain another year of 7% real growth in FY25 as well.

Mr. Nageswaran is hopeful that if the prognosis of FY 25 turns out to be, it will mark the fourth year post-pandemic that the Indian economy will have grown at or above 7%. It would be an impressive achievement, testifying to the resilience and potential of the Indian economy. It will augur well for the future also.

Chief Economic Adviser V Anantha Nageswaran [Credit-CNBC-TV18]

He clarified that this is not the Economic Survey of India prepared by the Department of Economic Affairs. That will come before the annual Budget after the general elections. 

Generally, the Economic Survey for the ongoing financial year is presented in Parliament just a day before the Budget for the next financial year on February 1.

Piyush Goyal Signs The IPEF Supply Chain Resilience Agreement

Risks of Indian Economy in The Review Report:

The Review report highlighted the only elevated risk of geopolitical conflicts as an area of concern. As per the report, the global economy is struggling to maintain its recovery after Covid-19.

The Review report mentioned the successive shocks that have buffeted the economy, like supply chain disruptions. If these traits persist they will impact trade flows, transportation costs, economic output, and inflation worldwide.

The emergence of Artificial Intelligence and its use of vast scale will pose profound and troubling questions for growth in services trade and employment. He said the technology might remove the advantage of cost competitiveness that countries exporting digital services enjoy.

Joe Biden Instinct IMEEC Could be The Reason for Hamas-Israel attack

The Halt-Generating Trends at The Global Level:

 

The Chief Economic Adviser also listed three trends for the coming year. These are the end of the era of hyper-globalization in global manufacturing, the advent of Artificial Intelligence, and the energy transition challenge.

He added that there is a need to lower logistics costs and more investment in product quality. Those areas should be held on to and expand market share where India has an advantage.

The Halt-Generating Trends at The Global Level [Credit-ETV Bharat]

Highlighting the era of hyper-globalization, which is over in global manufacturing. It does not mean that de-globalization will be upon us anytime soon. Now, Countries are discovering the enormous integration of global supply chains that has taken place in the past few decades. 

So, the alternative for the global supply chain will take a much longer time. This time-consuming process cannot deter Governments from pursuing onshoring and friend-shoring of production with a consequent impact on transportation, logistics costs, and prices of products finally.

In the Energy sector, there are challenges at the transition level. Concerns over the rising temperatures have led to a single-minded focus on reducing carbon emissions. 

There has been a persistent demand from international organizations and advanced nations for developing nations to wean themselves off fossil fuels. However, the technological and resource obstacles remained and are not offered by developed countries but pressing to switch to greener energy.

The review report mentioned that it is a reality, and in the short run, there is a trade-off between economic growth and energy transition. Countries can ill-afford to sacrifice economic growth for energy transition due to the global challenges of the post-COVID era.

India will be The Third Biggest Economy By 2028, Developed Nation By 2047

Indian Economy on The Right Track:

India is walking the fine line between the two more skillfully than developed or other nations. By installing non-fossil fuel-based power generation capacity running ahead of targets, the report added.

Due to firm policy adaptation and implementation in the last decade, the Indian economy is better placed than ever to take on three key challenges. The historically unprecedented rate of infrastructure built by the Union government has taken the overall public sector capital investment from Rs. 5.6 lakh crore in FY15 to Rs. 18 lakh crore in FY24.

As per the FY24 budget, that rise is approximately 3.3X. The infrastructure, whether physical or digital, the total length of highways, freight corridors, number of airports, metro rail networks, the trans-sea link, and the ramp-up of physical or digital payment systems has shown real, tangible, and transformative progress in the last ten years.

Indian Economy on The Right Track [Credit-PGurus]

The financial sector is also presenting a healthy front. Its balance sheet is much stronger, so it is lending and willing to lend. He presents data that non-food credit growth, excluding personal loans, is growing at double-digit rates.

The pursuance of inclusive development finds Indian households in good financial conditions. 51 crore bank accounts under Jan Dhan Yojana now have total deposits of over Rs. 2.1 lakh crore and more than 55% of them are women.

The review report also singled out two other significant achievements. The management of COVID-19 and the record vaccination. These are being instrumental in the quick recovery of the economy. 

Pradhan Mantri Suryodaya Yojana and The ABCD of Solar Energy in India

In a similar way, the deft management of the crude oil supply at reasonable prices in the last two years is noteworthy. Humans are incapable of appreciating these unseen measures like the mistakes not made and the risks avoided. You can find counterfactuals all around.

The government is resolving longstanding problems like deficient physical infrastructure and financial exclusion, aspirations rise, and expectations shift higher.

Mr. Nageswaran said today that many young Indians not only aspire to a better life but are also confident that it will happen in their lifetime. The current generation feels that they have a better life than their previous generations and will succeed and do better than them. Now Indians do India does.

Thanks and Regards 

Read More

Taliban Minister's Radical View Than Traditionally For Women Education

In a rare disagreement with the present Taliban regime in Afghanistan about women's education, Taliban-appointed deputy foreign minister Sher Mohammad Abbas Stanikzai criticized their government. He said the lack of access to education for women is the main reason for Afghanistan's people distancing themselves.

Taliban Minister's Radical View Than Traditionally For Women Education [Credit-The Guardian]

Stanekzai further added that this is the main reason why the neighboring countries and foreign nations have also distanced themselves from the issues Afghans are facing.

A Major Shift in Pakistan's Policy Backing For The Afghan Taliban

A Rare Disagreement Among Taliban Ministers About Women's Education:

This is the rare occasion when a Taliban minister spoke so openly in favor of women's education. According to ToloNews, Mr. Stanikzai said,

"This is everyone's right. This is the natural right which Allah........., how can someone take this right from them? If anyone violates this right, this is an oppression against........this country."

The Taliban-led government has banned women from pursuing higher education in Afghanistan after taking over the power. The Taliban government has limited schools to girls until sixth grade.

Women's Education Under Taliban Rule [Credit-The Guardian]

Afghanistan is reeling under a severe economic crisis because of the sanctions imposed on the nation due to Taliban leaders not following the obligations they were urged to after taking control over Kabul.

Different Opinions of Taliban Ministers on Education Standards:

As per the TOLONews report, speaking at a graduation ceremony, Stanekzai stressed the importance of reopening schools for girls beyond sixth grade. He said a society without knowledge is dark.

He emphasized that the Government should try to open the doors of educational institutions for everyone. Today, our only problem with our neighbors and the world is caused by the issue of education.

The ceremony during which these comments were made was held by the Taliban's borders and tribal affairs ministry. The ceremony was to mark the graduation of students who have studied in educational entities under the ministry.

Cash-Trapped Pakistan Imposes Exit Fee on Afghan Refugees

Taliban Border and Tribal Minister Noorullah Noori said youth living in far areas who did not have access to education, were enrolled in schools. He stressed that there is no distance between religion and modern education.

Taliban Government Appointed-Ministers [Credit-Kashmir Reader]

He stated that the issue of distance is not true. There is no distance and education is being taught under Islamic Emirate's rule. He said I can tell you that there has been no such system before.

Another Taliban minister also urged the government and religious scholars to pay serious attention to raising the quality of education. Taliban-appointed education minister, Habibullah Agha, recently criticised their government for the poor quality of education in the country's religious schools.

Thanks and Regards

Read Also Joe Biden Instinct IMEEC Could be The Reason for Hamas-Israel attack

Read More

The Continuity of India's National Security Strategy-2023 in @ The year 2025

The year 2023 proved to be a good year from the perspective of India's national security strategy. India has proved and gained economic, geopolitical, foreign policy, and even aspirational esteem from all angles.

The Continuity of India's National Security Strategy-2023 in @ year 2024 [Credit- Medium]

The government of India did its job resiliently and wisely to avoid any unnecessary involvement in geopolitical wrangling and conflict avoidance and yet secure its borders and balanced relationship, which could create a crisis.

Importance of Internationalizing The Indian Rupee Currency And Its Challenges

The Continuity at The Economic Front:

The leading bandwagon of positive developments was the economic front. Indian economy continues to be the fastest-growing in the world despite a short two-year period of the pandemic-ridden downturn.

With a 7.3% growth rate and $3.73 trillion GDP [$13.119 trillion-PPP 2023], India remained the world's fifth largest economy. The approach and behavior of the Indian government have ensured steady and stable growth without obstacles.

The Continuity at The Economic Front [Credit-The Times of India]

According to some analysts, it is the model that China's Deng Xiao Ping followed from 1978 onwards. Visionary Deng had toned down the rhetoric, established stable borders, and a distinct lack of aggressiveness. 

He moved with advancement in capability through technical education and modernization of agriculture and technologies. China followed that model for several years before adopting its aggressive posture of today's.

 India Votes For Shifting Global Tax Reins From OECD In UN

Repositioning of India's Security Strategy-2023:

According to experts, the year 2023 witnessed the repositioning of India after the pandemic. It has been shedding some of the reticence and loss of faith that may have entered the system due to setbacks in the economic and manufacturing sectors. 

Repositioning of India's Security Strategy-2023 [Credit-Vajirao IAS]

There was sufficient confidence in the ISRO scientists for the nation to launch its own Chandrayaan-3. Chandrayaan-3 is a moon exploration mission placed by India. India is now among the elite club nations with a successful space exploration program, which gave a boost to the scientific community.

Experts say that confidence will continue to hold good as we look at the technological transformation in AI, Cyber, Quantum, and Other Technologies. After the economic front, India domain in G20 also.

Indian GDP To Take Over Japan's Economy By 2030; S&P Global Report

Leading From the Front at The G20 Summit:

 

In the G20 summit, India scored maximum brownie points in creating a niche position. India showed the ability and potential to steer a draft resolution without any negative references to the war in Ukraine was an achievement in deft diplomacy.

India's established ability to position itself as the voice of the Global South was another milestone. India made strong interventions in strengthening the Global South, including the African Union. African Union became a permanent member of the G20 group.

Leading From the Front at the G20 Summit [Credit-Linkedin]

India also introduced the 13th vertical in the agenda, which includes disaster risk reduction. India gave a firm direction to concern for disasters, particularly risk-facing infrastructure and early warning.

The motto of G20, "Vasudhaiva Kutumbakam", is important to mention the range of activities from a civilizational angle. It showed how to internationalize a core idea of Indian Humanism. 

It focuses on a human-centric global system, the idea of sustainable development, research on climate-resilient grains, the Global Initiative for Global Health, our sources in developing Digital Public Infrastructure [DPI], and One Future Alliance to implement DPI.

While the year 2023 had the vehicle of G20 to position India as a leader, we have to seek similar avenues in 2024 for continuity.

Thanks and Regards

Read Also Piyush Goyal Signs The IPEF Supply Chain Resilience Agreement

Mark Mobius Said India Will Get More Money Normally Than China

Read More

Jews and Hindus Share the Dichotomy of Religious Intolerance !

The world occasionally sees that Jews and Hindus share the dichotomy of religious intolerance. In 1938, the countries of the world got together to decide a meeting about the Jews on the shores of Lake Evian in France. Everyone refused to take the Jews. America made a couple of concessions but did little. Canada said clearly no. 

Religious Emblems [Credit-Alamy]

All the countries of Europe and South America said no. Australia said they were a white country and did not want to import a racial problem. The Communist USSR neither participated in the meeting nor refused to take in any Jews either. The Jews were on their own, left to die at the hands of Adolf Hitler.

Irony of the Jewish & Hindu Community:

Christianity is the biggest religion in the world, with nearly 2.4 billion followers. Next comes Islam, with roughly 2 billion. Another 1.5 billion people live in Communist states. Mind you the number of Jews has never been more than 15 million.

These three forces do not agree with each other a whole lot except that each one of them has spent several centuries persecuting and trying to wipe out the Jews. But there are 1.2 billion Hindus who are exceptions. 

How the struggles of the Hindus could be similar to those of the Jews:

Anti-Relation of Christianity and Judaism:

When talking about anti-Semitism, the first name that comes to mind is Adolf Hitler. Nazis get the idea of packing the Jews into ghettos and wearing yellow stars? The Popes had ordered the Jews to be kept in a ghetto and wear yellow hats for over 300 years.

Judaism & Christianity Religious Symbols [Credit-Vecteezy]

The 1930s and 1940s saw a wave of anti-Semitism across Europe. After the Catholic Party voted for Hitler to become dictator of Germany in 1933, the Vatican quickly signed an accord with the Nazi regime. 

A network of fascist states came up on the continent, with close ties to the Catholic Church and the Nazi regime: Petain in France, Franco in Spain, Salazar in Portugal, and Tiso in Slovakia. Some of them even survived the Second World War and lasted well into the 1960s and 1970s, such as in Spain and Portugal.

Joe Biden Instinct IMEEC Could be The Reason for Hamas-Israel Attack

Forced Evacuation History of Islam and Judaism:

Everyone could have seen the animated map of Israel since 1948. It seems to show Israel grabbing more and more land, leaving nothing for the Palestinians. That animated map is simply everywhere because of the propaganda.

Judaism and Islam Religious Symbols [Credit-Vector Stock]

It does not tell you that the Arab countries forced their Jewish populations to escape to Israel. Once upon a time, Egypt had 80,000 Jews. At last count in 2022, there were just 3 Jews left in the country. Libya used to have 20,000 Jews, today they have none and the story continues.

Israel-Hamas Conflict Turned Into War 

Conflicts Between Communism and Judaism:

Theoretically, the Marxists reject all religions but it is deeply rooted against Jews. Marx himself believed in the stereotype of the Jew as greedy and self-interested. “Money is the jealous God of Israel,” he wrote in a viciously anti-Semitic essay that he called “On the Jewish question.”

Judaism and Communism Symbols [Credit-Symbols.Com]

The relationship between Communism and Jews has always been full of ironies. In the Christian world, they often worried that Communism was a “Jewish plot” as Max was a Jew. The Communists also worried that there was a global Jewish plot against them and called it “Jewish cosmopolitanism.” In the 1950s, the Communists held show trials in Czechoslovakia against “cosmopolitans” and executed all of them. 

The India-US 2+2 Strategic Dialogue and Deepening Relationship

Hinduism and Judaism Dichotomy of Religious Intolerance:

The similarities between Hinduphobia and anti-Semitism do not end here. The trio-world does not like to talk about what happened (and is happening) to Hindus in say Pakistan, Afghanistan, or Bangladesh. 

Judaism and Hinduism [Credit-Adobe Stock]

The tune is the same like they do not talk about the Jews who have been forced out of everywhere else in the Middle East. Generations of persecution led many prominent Jewish intellectuals to reject their identity and agree with the stereotypes forced on them.

The terms “cosmopolitanist” and “globalist” are often used as dog whistles for anti-Semitism even today. The popular cultural perception is that Hindus are regressive and superstitious. This propaganda has been very effective in making Hindus reject their own identity rather than see it as an attack on them.

Organizers and practitioners of such activities must be publicly shamed as in the Harvard University case. Students who participated lost job offers and scholarships. Such collective action stops injustices from going unnoticed.

Thanks and Regards

Read More

Philippines To Leave The BRI And Became The Another Latest Country

Many countries have recently announced to leave and exit from the ambitious Belt and Road Initiative [BRI]. The Philippines left the BRI and became the latest country. It could be another blow for China for its "Project of the Century." The project is estimated to be around $1 trillion.

Philippines Out of BRI Project [Credit-Asia Globe]

The Philippines statement came a few days after Chinese President Xi Jinping hosted leaders of 23 countries for the Belt and Road Forum in Beijing. The Forum aimed to instill fresh life and energy into the ambitious infrastructure,e plan which has slow down fordue to many reasons.

The Philippines to Leave/Exit BRI is Another Blow:

According to a report by Asia Times, the Philippines Department of Transportation has declared the "full termination" of all three big infrastructure projects with China in favor of Japan and other Western rivals.

BRI Forum In China [Credit-The Cradle]

The Philippines government clearly stated that in consideration of economic and political factors, all its key investment initiatives with China have been terminated. China has/shares uneasy relations with its South China Sea neighbors, like the Philippines.

According to analysts, the long-standing dispute between China and the Philippines could be the major reason for this decision because a few days back, the Chinese ship hit the Philippines Coast Guard vessel.

According to the Philippines Transport Minister Batista's statement in Manila during the European Investors Forum, "We have three projects that won't be funded by the Chinese government anymore. We can't wait forever, and it seems like China is not that interested anymore."

 

Philippines Leave the Three Big Projects of BRI [Credit-Devdiscourse]

The Philippines is now looking towards traditional investment partners like Japan, South Korea, the US, and the European Union for alternative moves.

Controversy With Belt and Road Initiative [BRI]:

The latest development is yet another challenge for President Xi Jinping. He organized the BRI Forum last month in China to convince the world to bet on the massive infrastructure project. BRI is considered the "Brainchild" of President Xi.

A few days back, Italy, the lonely G7 member country, quit out from the BRI project. According to the Italian authority, we will withdraw our participation by the end of this year because the project failed to meet its expectations.

Italy Quits BRI Project [Credit-Study IQ IAS]

According to experts and a report by Bloomberg, overall BRI activity has come down about 40% from its peak in 2018. The reasons behind the slowdown were the economic crisis in China and the debt woes of the participating nations. 

Countries find irresponsible lender behavior in China. Many countries have seen an example of Sri Lanka and the growing situation in many African countries. Moreover, the Chinese move to disengage and disrupt ties with the US made the BRI a divisive phenomenon.

Stand taken by the Philippines to leave the BRI not only has geopolitical considerations but bigger consequences like the ailing infrastructure plan, Chinese economic slowdown, and debt trap fears.

Thanks and Regards

Read Also Joe Biden Instinct IMEEC Could be The Reason for Hamas-Israel attack

Read More

Saudi Prince Turki Al Faisal Showed A Path For Palestine-Resolution

 

Saudi Arabia Prince Turki Al Faisal suggested a path for Palestine resolution and slammed both Hamas and Israel, saying that there are "no heroes in this conflict, only victims." Faisal was the country's former intelligence chief for 22 years and Ambassador to the US and the UK. 

Saudi Prince Turki Al Faisal [Credit-Arab News]

Turki Al Faisal's tone at America's Rice University in Houston took a move forward and cited the example of India's Independence movement. The speech was shared widely on social media.

Jews and Hindus Share the Same Dichotomy of Religious Intolerance 

Indication of New-Era in Arabian Policy Towards Israel-Palestine Conflict: 

Turki Al Faisal showed a path for Palestine resolutions and said that all occupied and oppressed people have a right to resist their occupation, even militarily. The Prince led the Saudi intelligence agency Al Mukhabarat Al 'Ammah for over two decades.

Turki Al Faisal [Credit-Arab News]

The Prince insisted "I do not support the military option in Palestine. I prefer the other option: civil insurrection and disobedience. It brought down the British empire in India and the Soviet empire in eastern Europe." 

The Prince's speech, unusually frank for a senior member of the Saudi royal family, was widely acknowledged as the clearest indicator yet of the Saudi Arabia leadership's thinking on the situation.

Turk Al Faisal Slammed Both Hamas & Israel:

He slammed both parties for incarnating inhuman behavior. The Prince said Hamas' acts went against Islamic injunctions not to harm civilians. He also accused Israel of "indiscriminate bombing on innocent Palestinian civilians in Gaza" and the "indiscriminate arrest of Palestinian children, women and men in the West Bank".

Turki Al Faisal Condemned Western Politicians' Stand Over The Issue:

He took a stern stand issue with the US media's use of the phrase "unprovoked attack" and said, "What more provocation is required.. than what Israel has done to the Palestinian people for three-quarters of a century?"

H.H. Turki Al Faisal Delivering Speech [Credit-The Times of Israel]

He condemned Western politicians for "shedding tears when Israelis are killed by Palestinians", but refusing to "even express sorrow when Israelis kill Palestinians".

Stand of India About the Israel-Palestine Conflict:

However, India strongly condemned the terrorist and inhuman acts of Hamas but always supported dialogue diplomacy to resolve any dispute at the international level. India has favored a two-state solution at the UN many times since 1948. India enjoys a good relationship with both countries. 

Although, India has had diplomatic relations with Palestine since independence it officially engaged with Israel after 1990. Today India is one of the strategic partners of Israel. Israelis always support India during all wars against Pakistan with arms and ammunition.  

This balanced approach emphasizes the suffering of all parties involved and calls for global attention towards a lasting solution. In a conflict marked by deep divisions, Prince Turki's comments are a testament to balance and dignified diplomacy and showed a better path to resolve the longstanding issue.

Thanks and Regards

Read More

Israel-Hamas Conflict Turned Into War

Read More

Khalistan Separatist Movement, History, and Major Incidents

The Khalistan Separatist Movement:

The khalistan separatist movement routinely grasps people's attention worldwide, especially in the South-Asian region. It is a Sikh separatist movement active in foreign lands, like Canada, the US, the UK, and Australia backed by Pakistan Interservices Intelligence Agency [ISI]. 

Khalistan Movement [Credit-Usanas]

Khalistan is a term of two words Khalis + Stan, which stands for 'pure +land' or 'free+ land.' It is also called 'the land of the Khalsa.'

Khalistanis want a separate homeland based on ethno-religious identity. They wanted to create an independent nation-state to be carved out from Indian Punjab. The proposed boundaries of Khalistan vary between different groups and also include region of Pakistan.

The Khalistan Separatist Movement and Its History:

The Khalistan movement has a history back to pre-independence India. The British Imperial Government wanted to divide the Hindu and Sikh communities based on religious practices like Hindu and Muslim, and the government was successful there. 

Khalistan Map [Credit-The Express]

However, the Khalistan movement emerged in the 1940s but gained momentum in the 1970s. One major reason is the Sikh community was the most active and martyred community during the Indian Indepenadnce movement. However, it was also the worst affected community during the partition of India.

The Emergence of the Khalistan Separatist Movement:

The khalistan movement emerged again and gained momentum in the decade of 1970 after adopting the Anandpur Sahib Resolution. The resolution was adopted by the Shiromani Akali Dal [SAD], a political party that represents the Sikh community. 

Khalistan Separatists [Credit-The Washington Post]

The resolution demanded the creation of a federal structure in India just like more autonomy for Punjab. The extremist faction under the Babbar Khalsa and the Khalistan Liberation Force [KLF] wanted to achieve their goal by resorting to violence and terrorism.  

The Major incidents that fueled the Khalistani Separatist movement:

The Khalistan Liberation Force wanted to create a Khalistan state with violent means. They started attacking the big-profile figures of the Hindu and different sects of the Sikh community, like Lala Jagat Narayana and Nirankaris. The Governments of Punjab and India imploded to start taking tough actions.

Major Incidents of Khalistan Movements [Credit-Study IQ]

1). The Anadpur Sahib Resolution [1973] demanded the radical devolution of power and further autonomy to Punjab.

2). Akali Dal and Jarnail Singh Bhinranwale joined hands in 1982 to implement the resolution "the Dharam Yudh Morcha."

3). The killing of six Hindu bus passengers incident in October 1983 after which emergency rule was imposed. 

4). The year 1984 from 1 January to 1 June saw 775 cases of violence that resulted in 298 killings.

5). Operation Blue Star [June 1984] when the Indian Army cracked down heavily on militarised [Kharku] khalistani supporters to vacate the Golden Temple.

6). The assassination of Prime Minister Indira Gandhi [October 1984] in her house by personal security [Sikh] guards.

7). The riots all over India, especially in Delhi, after the Prime Minister's assassination.

However, the Khalistani movement has lost its credibility in India and abroad as well. But some secessionist groups with the help of an anti-India agenda try to fuel it, like Referendum by Sikh for Justice.  

Thanks and Regards

Also Read;

Joe Biden Instinct IMEEC Could be The Reason for Hamas-Israel attack

A Major Shift in Pakistan Policy Towards Backing Afghan Taliban

Read More