https://www.thetimes.com/world/asia/article/india-modi-ageing-rich-developed-nation-p2zpm8xdb
Consumed by envy at the Kumbh Mela getting world wide coverage Amrit Dhillon wrote the above piece to please the readers of the Times. She probably hopes that her article will take away the world’s fascination with the awe inspiring spectacle of the Kumbh Mela.
She starts by, ‘worrying’ that India’s economic dividend of a young population will be wasted as the Economic growth has slowed down. She claims that PM Modi’s popularity is waning. Curiously she says instead of Modi’s target of India becoming fully developed by 2047 it might not happen till 2050! A 3 year delay is a big deal for Amrit! Modi haters always bring in China. India they say will lag behind China. In this case Amrit singles out, ‘Chip manufacturing’ in which India will lag behind China! No mention of a China where there are no human rights or even Labour rights. Apart from the young population dividend, India enjoys a freedom dividend. That is priceless. An inability to create jobs has resulted in graduates becoming uber drivers according to Amrit. That is the case in many countries. Canada, the UK, Germany all are facing an economic crisis. Amrit tells the Times readers that the voters expressed their anger during the last election by denying Modi a full majority. No word about Modi and the BJP winning two subsequent elections in Maharashtra and Rajasthan. Amrit hopes that half truths will fool the British readers and the Times editor.
Amrit would do well to study the following article in the Deloitte Global Research Centre written by Dr. Rumki Majumdar and Debdata Ghatak this month. It says: However, it’s essential not to let the headline numbers overshadow the nuanced story beneath: GDP is just one lens to evaluate economic health, and this quarter reveals resilience in certain pockets that are worth noting.
Rural consumption has remained robust, supported by strong agricultural performance, while the services sector continues to be a key driver of growth. Manufacturing exports, particularly in high-value-added components (such as electronics, semiconductors, and pharmaceuticals), have displayed strength, underscoring India’s growing role in global value chains. We believe the slow growth in the secondary sector3 is temporary (due to disruptions caused by monsoons).
Amrit should know that the world is not going to be disracted from the great spectacle of the Kumbh Mela because in the grand scheme on things you and the Times are irrelevant.
Nitin Mehta
23 January 2025.
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