Modinomics: Good, Bad, Wobbly

Eleven years ago, Modi inherited an economy in dire straits. Growth was slowing, inflation was high, the rupee was volatile, fiscal and current account deficits were unsustainably high, and a bad loan problem was sapping investor confidence. The much dreaded stagflation seemed a distinct possibility. Read full story on TOI+ Facebook Twitter Linkedin Email Disclaimer…

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Match made in hell

Bezos’ Venice wedding typifies what spending power is doing to ecologically vulnerable places The Bezos-Sanchez wedding spectacle in Venice cost $50mn. Plus the $3.5mn Bezos donated to – or ‘tipped’, as some said – the city’s local institutions. For context, Sanchez’s 30-40 carat diamond bauble is estimated upwards of $5mn. The only blip were protests,…

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Bhopal’s bizarre bridge

Have you ever seen a bridge take a sharp turn—like a perfect L-shape—right in the middle? That’s what just happened in Bhopal! Usually, builders—whether they’re architects or engineers—love right angles. Walls meet floors at 90 degrees because it keeps buildings strong and safe. But roads and bridges are different. They like to flow smoothly, with…

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Gaming the dragon

India needs a sophisticated China playbook  SCO defence ministers’ meet showcased the Pakistan-China nexus, which mainly focused on undermining India’s stand on terrorism. The proposed joint statement was opposed by India after it was found that Pakistan, with China’s complicity, was blocking mention of the Pahalgam terror attack but was pushing for inclusion of ‘terrorist…

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The sapling in an untended garden

“In the wilderness there was a seed sown by some hands unknown.It might be the supreme watching the dance of entwined old souls!” Lakshmi’s biggest escape from the drama of her life was — tending her garden. “You are spiritual, but there are many ‘energy vampires’ around you.” Her visit to a psychic a few…

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Global disorder: No rules, all war

From Iran to Gaza to Ukraine, a pattern of unchecked conflict is bypassing law and diplomacy, taking the world towards a dangerous new normal Someone recently likened the current condition of our bombed and bloodied world to the ‘Warring States period’, a centuries-long era in ancient China that was marked by the brutal logic of…

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