Friday, June 9, 2023

India's decade.

Indians can take pride, less the few sceptics/doubting Thomases! Last week India released its official growth numbers for the fourth quarter of 2022-'23. It was a surprise on the upside.

As a result, growth in the last fiscal rear was 7.2%, compared to 7% estimated earlier.

Coincidentally, in the same week, two global investment banks, Morgan Stanley and Amundi, published independent reports saying that the last decade, coinciding with the tenure of the National Democratic Alliance (NDA) was the most transformative ever for the Indian economy. According to them, this has set the stage  for India realising the growth potential - that everyone has long believed in.

In its report titled "How India Has Transformed in Less than a Decade", Morgan Stanley said, "This India is different from what it was in 2013. In a short span of 10 years, India has gained positions in the world order with significant positive consequences for the macro and market outlook".

Similarly, Amundi Institute, the European asset manager, in its report titled, "Building Bridges to India's Future Investment opportunities", argued : "India's macro fundamentals are well positioned for a multi-year improvement in economic output and earnings". 


Tailpiece.

Got up at a trifle before 6, the chores and we were ready well in time.

Wound up Raj Nivas systematically.

Set off at a half past 3, in Kunjumon's auto rickshaw. Lekha dropped me at the rtc bus stand and proceeded to Letha's house for the next two days.

Reached Thiruvananthapuram by a quarter past 6 and reached the Foundation soon after. Maman was thrilled to see me. Met the core group of our team.
 

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