Submission and devotion.

"India's economy is estimated to grow at 8-8.3% in the current fiscal, industry body PHDCCI said. The country's GDP will grow at an average of 6.7% over the next 23 years to become a $34.7 trillion economy by 2047, with a per capita income of $21,000, it added." BS. "Former Reserve Bank of India (RBI) Governor Raghuram Rajan says if one takes away the 'fluff' from India's growth numbers, its real rate of growth could be around 6-6.5% and not 8-8.5%. To become a developed country by 2047, India would need growth at 9-10% over a sustained period of time, he added." BT. In his quest for a third election victory, Prime Minister Narendra Modi said that "Adani and Ambani were filling the Congress coffers with their black money, transporting tempo loads of them to the party he loves to hate." "Shouldn't Adani and Ambani act against Modi (and Rahul Gandhi) for defamation? And if they don't - and they will not - what does it say about corporate India and its billionaires?" "Indian billionaires have flourished in the last 10 years. Governmental policymaking partly made it happen. In return, these elites confer their silence. Patronage always trumped reputation." DH. "It isn't just the official statistics that Indian CEOs find hard to discuss these days. It's a bigger problem if they talk about policies." "Multinationals have learnt to keep quiet because when they do complain - like when a Toyota Motor Corp. executive spoke up against taxing cars as drugs and alcohol - they only get pressure to walk back their words. Either that or social media trolls are unleashed on them." "Whether they feel the growth or not, companies have to applaud the published GDP figures, praise India's regressive tax system and demonize Modi's opponents as anti-growth," wrote Andy Mukherjee. During Mr Modi's tenure prices of shares of public sector companies have soared. "State firms have done better than India's benchmark Sensex index for three straight years." "The government actively mops up household financial savings and routes all investment through the state sector. As a share of GDP, government expenditure has increased sharply, as has India's debt." But, "New investment plans for the private sector shrunk by over 15% in 2023-24. Manufacturing suffered the biggest hit, as fresh proposals fell by 40% in value terms, from Rs 20 trillion ($240 billion) in 2022-23 to Rs 12 trillion ($144 billion) in 2023-24, "wrote Mihir Sharma. India recorded a trade deficit with nine of its top ten trading partners in 2023-24. "The trade deficit with China rose to $85 billion, Russia to $57.2 billion, Korea to $14.71 billion and Hong Kong to $12.2 billion in 2023-24." "India has a trade surplus of $36.74 billion with the US in 2023-24." "India's total trade deficit in the last fiscal narrowed to $238.3 billion as against $264.9 billion in the precious fiscal." BS. While combined exports of merchandise and services have gone up by a tiny amount imports have fallen by a much greater amount, thus reducing the total trade deficit. India Briefing. That is probably because people do not earn enough to buy imported goods. "Lower class aspirations, colored by digital imagination and mall window shopping, remain framed by the lack of industrial jobs in an economy in which the market produces only low-paid service work for the unskilled and the semi-skilled," wrote Prof Supriya Roy Chowdhury. A repressive government, totally submissive middle and upper classes, an army of brain-dead Bhakts, meaning devoted, (DH) and the struggling masses. It's a wonder they don't revolt. Perhaps, they don't have the energy.