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Showing posts from September, 2023

The political fallacy of choosing winners

These two headlines caught my attention in this morning's newspaper. Juxtaposed next to each other, both of them make the patriotic Indian in me jump with joy - these are the kinds of news headlines we longed for since adolescence. Albeit, while the adolescent me would have jumped with joy on reading these, the older mature me is circumspect, even borderline skeptical of the effect these will have on the Indian economy in general, and well being of Indians in specific. My skepticism follows from a series of policy news that has been emanating from the South Block off late. On 3rd August, Government of India (GOI) banned the import of laptops and other electronics used heavily in India's booming IT sector. Prior to that, as a post pandemic stimulus measure for Make In India, the Modi administration had announced several PLI Schemes ( Production Linked Incentive ) for various sectors. These schemes claim to incentivize setting up of industries in strategic sectors or expedite the...