The BJP-led National Democratic Alliance (NDA) has finally secured an electoral mandate on June 4, 2024. However, the stock market has not reacted favorably to this mandate because the BJP was unable to surpass the magical number of 272 seats in the Lok Sabha. Both the SENSEX and NIFTY corrected themselves by approximately 6%. The market is anxious about policy continuity since the BJP does not have a clear majority in the Lok Sabha and will have to govern in coalition with other political partners, especially the Telugu Desam Party from Andhra Pradesh and the Janata Dal (United) from Bihar. Despite Number Games, The NDA has chosen Narendra Modi as its leader and will soon form a government. However, in political circles, rumors are spreading that his political
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Caught in the Crossfire: The Dilemmas of India’s Right-Wing Movement
April 1, 2024Since the inception of the NDA Government in 2014, India’s right-wing has consistently performed well across all sectors of society. Both print and electronic media have been significantly influenced by this ideology. The bureaucracy and academia have, to some extent, either shifted their political leanings or have begun to accept ideologies they previously rejected. This trend is not confined to India alone; it has also been observed in Europe and the Americas. Figures like Javier Milei in Argentina, Meloni in Italy, Wilders in the Netherlands, Trump and Vivek in the US, among others, exemplify this global phenomenon.As a right-wing conservative commentator, it’s imperative to highlight certain double standards prevalent within India’s acclaimed right-wing
Read More »Wealth, Wisdom, and Prosperity: The Ancient Capitalist Tradition of India
March 14, 2024In 1991, when the Indian economy was on the brink, Narasimha Rao called upon the eminent economist Dr. Manmohan Singh. What followed is well-documented: the transformation of a $300 billion economy into a $3.5 trillion economy in just three decades. This marked India’s departure from the Nehruvian model of socialist economics and its embrace of the open market system. However, it remains debatable whether India has fully embraced capitalism or still retains socialist elements. Today, we explore whether free markets in India come from inherited free-market roots or are adopted them from the West.The Tamil poet and author Thiruvalluvar, in his work Thirukkural, emphasized the ethical creation of wealth. He stated, “Wealth, the lamp unfailing, speeds to every land;
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