India's growing attractiveness for foreign multinationals has resulted in the doubling of FDI inflows over the past decade, with India's cumulative FDI rising to around $600 billion during 2014-2023.
Shilan Shah, deputy chief emerging markets economist at Capital Economics, said in a recent note that India has made progress in raising its share of global high-end electronics exports.
"But it has failed to capture any additional market share in the lower-end manufactured goods, which are typically more labor-intensive."
The first and perhaps the ultimate message is people are the kings. That's the beauty of Democracy! And the public mood in a vast country ultimately is unpredictable.
The mandate messages are multiple and complex. If odisha is the 'entire India' - then June 4 was Narendra Modi and his team mate Amit Shah's day.
The Lotus party has dethroned veteran Naveen Patnaik in the state assembly polls and it also won 20 seats. If Uttar Pradesh is India; the day belonged to Akhilesh-Rahul combo -- notwithstanding their collective defeat in 2017 assembly polls and a series of mutual differences at a later stage.
But if West Bengal was India -- the day belonged to Mamata Banerjee and her politics of freebies and minority appeasement.
Hence, let us try to get at the --- Numerous messages and 'lessons' to learn !!
And Between the lines; and Beyond the Headlines ::::
Why BJP lost Ayodhya and Faizabad? Why UP voters simply turned anti-BJP and anti-Modi-Yogi team ?
Perhaps more importantly, why could not BJP strategists led by Amit Shah and supervised by the Prime Minister could not read the missive of people's angst ?
'Times of India' says:
Nothing Shines forever -- Not even Brand Modi
"The state Modi made his political home gave BJP its biggest shock" -- says TOI.
Indian Prime Minister Narendra Modi is on track to secure a third term but with a reduced parliamentary majority, making it potentially difficult to push through major reform measures. -- says Germany's popular news outlet DW.
TOI also hails Rahul Gandhi and credits him for the ultimate outcome !! --
"Written off any number of time since 2014 - often derisively called 'Pappu' and 'Shehzade' -- Rahul Gandhi still refused to listen to party insiders who advised him to take a less combative stance (especially against Namo)".
In his piece for 'The Indian Express', columnist Pratap Bhanu Mehta says: "In the absence of ths result, India would have been headed towards unchecked domination of the BJP".
In deed, it will not be erroneous to suggest that Businesses and investors expect the new Modi administration to ensure political stability and policy continuity in the world's most populous country, which is also the fastest-growing major economy globally.
Even Modi's BJP needs the Sangh:
Nitish Kumar can never be trusted. The BJP should have a Plan B in place to deal with a situation where Nitish walks out of the NDA. This may happen after Bihar assembly polls in November 2025. Nitish cannot be kept happy. No one knows why he left the INDI alliance. If the INDIA bloc offers PM or deputy PMship to Nitish, he will definitely dump the BJP. - R Vijay, Mumbai
ReplyDelete