Srinivas Maddipati’s Post

The man who demonstrated that economics is a science for transformative change, Dr. Manmohan Singh, turned theory into action during India’s defining moment. "The process of change is never easy, but it is essential for progress." History will not only be kind but will honor him as the architect of India's economic prosperity—a testament to the power of economic rigor in reshaping nations. #WaheguruMeharKare Adieu

Learnings from Lens of Decoloniality: India's economic growth should be consistent with the Indian ethos. Our standards of growth in academia (production of knowledge) are colonial in origin and solidify the ideals derived from their growth standard. Civilisation and economics can't remain in the walled garden. As long as you use the rules of the West to gain economic prosperity, their position will be solidified as the only way. Nirmala Sitharaman should readily pursue economic prosperity that takes a balanced approach towards nature and has inscriptions of Bharat's civilisational legacy. #Economics #Growth #India #Colonial

The current economic growth of India is one of the greatest stories in the world of economics, from nearly bankrupt in the early 1990's to the 5th largest economy in the world. But is this growth benefiting everyone and does it benefit anyone at all? I have attempted to put in the answer in my perspective and have published a report on it. Do check out the story to know more about the development story of India. https://lnkd.in/gzvnAEXa

Dr. Manmohan Singh: The Humanitarian Economist Who Redefined Political Integrity Dr. Manmohan Singh's life exemplifies the transformative power of economic knowledge. As the architect of India's economic reforms, he shaped the nation’s future, demonstrating how integrity and intellect can drive meaningful progress. India faces a critical need for economic literacy. Despite producing millions of graduates, ignorance of basic financial concepts persists, and many equate wealth with expertise. True economic understanding requires integrity, knowledge of ideologies, and a commitment to societal well-being—not just personal gain. Economics shapes nations, influenced by geopolitics and collective awareness. Dr. Singh believed India's destiny as a major economic power lay in intellectual capital, not material wealth. Our cultural and historical roots, from Chanakya to Ambedkar, remind us of the importance of sound financial principles. Honoring Dr. Singh means embracing economic literacy, fostering financial awareness, and building a society rich in knowledge and integrity. Let’s commit to progress that enlightens minds and enriches lives, honoring his legacy of wisdom and selfless service. #Leadership #Economics #DrManmohanSingh #Integrity #EconomicReforms

Remembering Dr. Manmohan Singh: A Legacy of Economic Stewardship I am deeply saddened by the passing of Dr. Manmohan Singh, a towering figure in Indian economics and global finance. His tenure as Finance Minister, beginning in 1991 (a time I vividly recall as a second-year economics student), marked a pivotal moment in India's economic history. He inherited an economy teetering on the brink, with foreign exchange reserves critically low and inflation soaring at 18%. Through his astute leadership and deep understanding of economic fundamentals, he orchestrated a remarkable turnaround. Within a short period, he brought inflation down to 5.8% and built foreign exchange reserves to approximately USD 200 billion. His legacy extends far beyond these impressive numbers. Dr. Singh's intellectual prowess, coupled with his strategic vision and commitment, transformed India's economic landscape. His contributions will continue to be studied and admired for generations to come. I offer my heartfelt condolences. #ManmohanSingh #IndianEconomy #EconomicReforms #RIPManmohanSingh #India

Back in our Economics class at our college,, our professor used to say, "India is a poor country, inhabited by rich people." It was 'Rich' because India has been blessed with excellent climate, most of citizens are hard working yet peace loving, avaialibility of plenty of water, minerals and other natural resources etc. However, this statement also reflected the reality of that time, with low average per capita income, economic & political crisis and various other shortcomings & challenges, that India was facing. However, you know, since the 1990s, India has made tremendous strides. There have been significant improvements in general living conditions (look back to understand & appreciate), technological advancements, stable macroeconomic conditions, and Improvement in our international relationships, are difficult to ignore. Our stature on the global stage has risen considerably. Despite facing numerous challenges, India still remains a vibrant democracy. All this has resulted in - we becoming one of the most aspirational societies in the world. (We don't settle for even the second best. We want THE BEST. Period.😃) With continued progress, it’s only a matter of time before India is recognized as "A rich country, inhabited by rich people." Sooner is better. What do you say?🤔 (Image courtsy: Internet) #SuperLuxuryCars #Lamborghini #Growth #AspirationalSociety #IndianGrowthStory #MiddleClass #UberRich

Post 69: Economic Conditions of Ancient India 📈 Economic Prosperity in Ancient India 📈 "Strong economic foundations lead to flourishing civilizations." The economic prosperity in ancient India, with its rich agricultural output, bustling trade routes, and skilled craftsmanship, underscores the importance of robust economic policies and practices. The success of these ancient economies provides valuable lessons for modern economic planning. #EconomicProsperity #AncientEconomies #LessonsFromHistory

Post-Independence, India adopted the best “Third Way” between the far left and far right since there was a lot of space between the extremes of Mount Pelerin society (Promotes the idea of liberalism) and communism. Indeed the current trends in India have developed an “economic religion” that believes the government should “do nothing”, a clever way to rely on economic liberalism. They believed the market would recover quickly if the government didn’t mess things up. Fascinatingly, GOI doesn’t understand the state of economics—the share of GDP has no larger role in it. When confronted with evidence, all they cry is “Modi’s cuddling with world leaders.” Probably, they are signalling, that welfarism puts India on bad terms with countries, that are devout believers in market economics. A readable example, India’s farmers are demanding welfare benefits, which will upset India’s commitment to “Market Economics.” 

This is very interesting. Era of prosperity in India ended with demonetisation. https://lnkd.in/getQ2-Kr? Rather tragic that the world's largest democracy by population forgot the seminal work of one of its own - The Fortune at the Bottom of the Pyramid, written by CK Prahlad. To imagine the world's poor (which was more than 60% of the total population in 2002) as potential consumers. Instead, what did India's newly minted millionaires and billionaires do? Abandoned all pretence of wanting a true egalitarian Indian society and aided a man trained in the RSS school of economics to benefit the top 10% which also translated into mainly India's upper caste Hindus. Interesting days ahead.

Post 64: Economic Conditions of Ancient India 💹 Economic Stability in Ancient India 💹 "Stable economic conditions are the foundation of societal progress." The economic conditions in ancient India, characterized by agricultural prosperity, trade networks, and craftsmanship, emphasize the need for stability and diversification. The thriving trade during the Gupta period and agricultural surplus during the Mauryan era illustrate the importance of economic health. #EconomicStability #AncientIndia #Prosperity