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IMF predictions prove India on the right path; the disruptions have diminished

India is moving on and Modi’s economic agenda makes sense. After IMF, now Fitch is also upbeat on India’s growth

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Based on numbers alone, Indian prime minister Narendra Modi had been cornered by experts and politicians alike for the slowdown of India’s economy. Now, the scene has changed, the numbers rebounded strongly, and India again touted as the fastest growing major economy in the world. Will the same critics shower praise on Modi for this turnaround?

That’s up to them. However, the IMF (International Monetary Fund) reiterated their predictions on Indian economy last week with positive traits, saying the Indian economy is recovering from temporary disruptions from the currency ban and the much-celebrated tax reform, the Goods and Services Tax.

The first half of the last fiscal year marked a financial growth rate of 6.1 per cent, but surviving the adverse situations the growth has rebounded to 7.2 per cent in the third quarter of financial year 2017-18. The Consumer Price Index inflation also looks bright at an estimated 3.6 per cent.

A 7.4 per cent projected growth rate seems to be good for India as the nation has been recovering from a tumultuous phase.

 

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India will become one of the world’s best markets in fashion: Hari Anand

Indian fashion industry is capable of accommodating more players, says renowned fashion designer Hari Anand

Lakshmi Narayanan

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We have good models and designers here. The only thing that we need is to cultivate a culture of professionalism, says eminent fashion designer Hari Anand, in an interview with Lakshmi Narayanan

Could you tell us about your entry into Indian fashion Industry?

I have a humble beginning. I was born and brought up in Kerala. After my schooling, I went to Mumbai, seeking a good career option. And, my search ended up in fashion designing. I did my graduation there and started my career in designing. I came back to Kerala and started my own fashion store titled Glada in 1988. My focus was to make popular Mumbai style of fashion in Kerala. As fashion is a continuing process, I could not stop learning.

What’s your take on the present status of our fashion scenario?

Indian fashion industry is a rapidly growing one, and which has all the potential to become one of the world’s best markets in fashion. We have good models and designers here. The only thing that we need is to cultivate a culture of professionalism.  We have a tremendous opportunity here. Fashion retail is booming in all over India and many new players are coming in. Indian fashion industry is capable of accommodating more players. That is a very positive symbol of its growth.

But when it comes to Kerala, my home town, we are still 15 years late in fashion, this has to be changed.

Fashion is an art, I design dresses for a better living, and I make dresses for making your dreams bigger. That is my idea of fashion

On fashion designers and society

Many of us are not aware of the importance of a fashion designer. They often consider fashion designer as a tailor and vice versa.  A tailor can never be a designer. He only executes the commands given by the designer. A fashion designer is the one who creates the DNA of the cloth.  A good designer is one who forecasts seasonal fashion.

On the scope of fashion studies

Fashion technology is a wide and great subject with extensive scope. Fashion is a part of clothing, which is considered as one among our primary needs after food and water. So, fashion studies have great scope till the time humans exist.

Image: Facebook

What is your concept of fashion designing?

I love fashion, and I am so passionate about fashion. I never compel anyone to follow my designs or creativity. Fashion is an art, I design dresses for a better living, and I make dresses for making your dreams bigger. That is my idea of fashion.

On fashion and entrepreneurship

As I said, people are very passionate about fashion, especially in wedding. They wish to be the best on their ‘big days’; they are willing to spend a lot for that. During earlier days, fashion was restricted to cloths. Now things have changed, from printing a wedding card to thematic dress code, bride and groom seek advices. Because they are too much concerned about their image. This has opened the way to image consultancies. This is the latest trend in fashion entrepreneurship.

According to you, what will be the future of fashion India?

The idea of fashion is changing day by day. Now we are heading to the culture of light weight clothing. People are after light weight dresses and short ones. Lots of innovations are taking place in fashion industry. Let’s hope for the best.

Your message to budding fashion designers

  • Switch off your mobile, don’t copy the trend, just use your brain and create your own designs
  • Develop your observation skill
  • Don’t focus on money, if you are talented and sincere in your work, money will follow you naturally
  • Focus on branding from the beginning.

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Zojila Tunnel project will make a turnaround in Kashmir's infrastructure development

PM Modi’s development pitch in Kashmir is intriguing. It makes great sense in the present socio-political ecosystem of Jammu and Kashmir. It needs to be successful

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Development is the ultimate solution for most of the intense problems in a society.  Marginalization and little consideration are ‘grand’ enough to nurture a feeling of oddity in the minds of people,  irrespective of their caste,  colour,  language or religion.  So the best thing is addressing them, be engaged with problems in terms of constructive ideas and developmental initiatives.
Zojila Tunnel will be the longest road tunnel in India. And, more importantly, it will be the longest bidirectional road tunnel project in Asia
Indian Prime Minister Narendra Modified knows this very well.  That’s why the other day he expressed his belief in development during his Kashmir visit.  Modi has said that ‘development’ is the solution for Kashmir’s problems.
What the Modi government is doing now in Jammu and Kashmir, from an economic perspective, matters a lot.  The flagging off ceremony of Zojila Tunnel project on Saturday, 19 May, makes great sense for the very cause of development.  Zojila Tunnel in Kashmir is going to be  a path-breaking initiative in the state, marking a big leap in the history of infrastructure development, cementing a sense of belonging and integration among the people.
Once it becomes operational,  Zojila Tunnel will be the longest road tunnel in India. And, more importantly, it will be the longest bidirectional road tunnel project in Asia.
The construction of this 14-km tunnel will make all-weather connectivity between Srinagar,  Kargil and Leh.  The Rs.6800 crore project will reduce the travel time to cross the Zojila pass from 3.5 hours to just 15 minutes.

This will be a great advantage for India, even from a strategic point of view, as Pakistan still believes they can play misadventures in Kashmir.

Economic boom

The implementation of the project will result in creating hundreds of job opportunities,  once it is completed, there happens to be a remarkable turnaround in the tourism sector of the state.  Economic activities will strengthen, there will be increase in the number of tourists visiting the state.

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Why Modi is at No.9 in the list of most powerful people on earth; Indian economy speaks for him

India’s economy speaks for prime minister Narendra Modi. Just look at the fiscal deficit figures. Now, Modi is the new hope for an open world

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Indeed, it’s good news for Indian prime minister Narendra Modi, when the assembly election for Karnataka, a south Indian state under the rule of Indian National Congress, is at the corner. Forbes magazine has included Narendra Modi in the list of world’s most powerful people this year. Modi has secured a commendable spot at nine in the top ten list, just behind Saudi Arabia’s crown prince Mohammed Bin Salman.

According to Forbes magazine, the list is topped by Chinese supremo Xi Jinping followed by Russian president Vladimir Putin and US president Donald Trump. German chancellor Angela Merkel comes at fourth spot followed by US billionaire Jeff Bezos.

It should be noted that for the last four years India’s fiscal deficit has been less than 1 per cent of GDP

When it comes to India, Modi’s elevation to the top ten is something to celebrate as he still remains a controversial leader for many so-called intellectuals, both in India and outside.

Why Modi matters

Forbes magazine observes that Modi has raised himself as a global leader, playing a profound role in combating climate change and global warming.  The top rank needs to be seen as recognition for Modi as he has taken some risky moves to change India’s economic scenario since he attained power in May 2014.

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Modi has succeeded in establishing himself as a global leader challenging China’s Xi Jinping in Asia with his diplomatic masterstrokes and bold policies.  In an article appeared on Forbes website, its contributor Salvatore Babones state that India’s tremendous achievement in balancing the fiscal deficit gives Modi an edge in the upcoming general elections.

According to him India is going to achieve a fiscal deficit under .2 per cent of GDP (Gross Domestic Product) in 2017-2018 fiscal year. It should be noted that for the last four years India’s fiscal deficit has been less than 1 per cent of GDP.

The economy has recovered at a tremendous pace, marking India again the fastest growing major economy in the world

Now, most of the international financial organisations are upbeat about Indian economy, putting the financial figures for the second most populous country on earth in an ambitious manner. Indian economy has witnessed some structural changes in the past four years of Modi government including the biggest tax reform, GST (Goods and Services Tax). Even though this resulted in a temporary slowdown, the economy has recovered at a tremendous pace, marking India again the fastest growing major economy in the world.

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