Deprecated (16384): The ArrayAccess methods will be removed in 4.0.0.Use getParam(), getData() and getQuery() instead. - /home/brlfuser/public_html/src/Controller/ArtileDetailController.php, line: 73
 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php. [CORE/src/Core/functions.php, line 311]
Code Context


        trigger_error($message, E_USER_DEPRECATED);

    }
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 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php.'
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deprecationWarning - CORE/src/Core/functions.php, line 311
Cake\Http\ServerRequest::offsetGet() - CORE/src/Http/ServerRequest.php, line 2421
App\Controller\ArtileDetailController::printArticle() - APP/Controller/ArtileDetailController.php, line 73
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Cake\Http\ActionDispatcher::_invoke() - CORE/src/Http/ActionDispatcher.php, line 120
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Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Error\Middleware\ErrorHandlerMiddleware::__invoke() - CORE/src/Error/Middleware/ErrorHandlerMiddleware.php, line 96
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Http\Runner::run() - CORE/src/Http/Runner.php, line 51
Cake\Http\Server::run() - CORE/src/Http/Server.php, line 98

Deprecated (16384): The ArrayAccess methods will be removed in 4.0.0.Use getParam(), getData() and getQuery() instead. - /home/brlfuser/public_html/src/Controller/ArtileDetailController.php, line: 74
 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php. [CORE/src/Core/functions.php, line 311]
Code Context


        trigger_error($message, E_USER_DEPRECATED);

    }
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 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php.'
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deprecationWarning - CORE/src/Core/functions.php, line 311
Cake\Http\ServerRequest::offsetGet() - CORE/src/Http/ServerRequest.php, line 2421
App\Controller\ArtileDetailController::printArticle() - APP/Controller/ArtileDetailController.php, line 74
Cake\Controller\Controller::invokeAction() - CORE/src/Controller/Controller.php, line 610
Cake\Http\ActionDispatcher::_invoke() - CORE/src/Http/ActionDispatcher.php, line 120
Cake\Http\ActionDispatcher::dispatch() - CORE/src/Http/ActionDispatcher.php, line 94
Cake\Http\BaseApplication::__invoke() - CORE/src/Http/BaseApplication.php, line 235
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Routing\Middleware\RoutingMiddleware::__invoke() - CORE/src/Routing/Middleware/RoutingMiddleware.php, line 162
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Routing\Middleware\AssetMiddleware::__invoke() - CORE/src/Routing/Middleware/AssetMiddleware.php, line 88
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Error\Middleware\ErrorHandlerMiddleware::__invoke() - CORE/src/Error/Middleware/ErrorHandlerMiddleware.php, line 96
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Http\Runner::run() - CORE/src/Http/Runner.php, line 51
Cake\Http\Server::run() - CORE/src/Http/Server.php, line 98

Warning (512): Unable to emit headers. Headers sent in file=/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Error/Debugger.php line=853 [CORE/src/Http/ResponseEmitter.php, line 48]
Code Context
            if (Configure::read('debug')) {

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-The Hindu&lt;br /&gt;
&lt;br /&gt;
&lt;em&gt;How a business friendly government has failed to arrest the slide in private investment&lt;br /&gt;
&lt;/em&gt;&lt;br /&gt;
It may appear that the recent hullabaloo over GDP (gross domestic product) growth in the past decade has cast a shadow over assessment of the economy&amp;rsquo;s progress since 2014, but it is not so. There exists enough information for this as GDP is not the sole indicator on which one needs to rely in such an exercise. Arguably, investment is another, mainly private investment, for governments can always raise their capital outlay ignoring the calculus of profitability.&lt;br /&gt;
&lt;br /&gt;
&lt;em&gt;The profit-economy link&lt;br /&gt;
&lt;/em&gt;&lt;br /&gt;
For a private investor, on the other hand, financial commitments are based closely on anticipated profit. The expectation of profit is itself tied to the expected state of the economy. As much of the future is uncertain, some part of its expectation is likely to be based on current trends. Thus, private investment is tied both to the present state of the economy and its anticipated vigour. For a government interested in invigorating the economy, then, it is essential to inspire confidence in the private investor. The investment meant here is the expenditure on productive capacity as opposed to buying shares or even durable goods in secondary markets.&lt;br /&gt;
&lt;br /&gt;
Private investment in relation to output has in most years since been lower than what it was in 2014. This may come as a surprise to some as the government of Narendra Modi had appeared a business friendly one. While noting the slide in private investment, two points may be made. First, the private sector comprises two segments, the corporate and the unincorporated, termed household, in Indian national accounts. Since 2014, after initially declining private corporate investment has shown a mild rise while household investment has fallen sharply. The overall effect has been downward. This despite the pro-business reputation of this government and the strong and repeated communication of the Prime Minister that it would support those who &amp;lsquo;Make in India&amp;rsquo;. Clearly this talk has not been enough to convince private investors, who probably find insufficient dynamism in the economy today and are unsure of the likely impact of the government&amp;rsquo;s policies on its future. The most business friendly government at the Centre in recent times has not had success in turning around a slide in private investment. This is the second point to note.&lt;br /&gt;
&lt;br /&gt;
While &amp;lsquo;adventurist&amp;rsquo; has been pronounced as a verdict on the economic policy since 2014, a purely economic explanation is at hand. The government may have mistaken the architecture for the force. For an economy, by architecture we would mean the framework within which activity takes place while force is the ebb and flow of the demand for and supply of goods. &lt;br /&gt;
&lt;br /&gt;
Please &lt;a href=&quot;https://www.thehindu.com/opinion/lead/the-architecture-is-not-the-force/article25665791.ece?homepage=true&amp;amp;fbclid=IwAR1ZZMm0h18fKL__gL_w1ztEoHZ1lir4YmCbMnrWP7UQa57NZyorraKVl1o&quot;&gt;click here&lt;/a&gt; to read more. &lt;br /&gt;
&lt;/div&gt;&#039;,
		&#039;credit_writer&#039; =&gt; &#039;The Hindu, 5 December, 2018, https://www.thehindu.com/opinion/lead/the-architecture-is-not-the-force/article25665791.ece?homepage=true&amp;amp;fbclid=IwAR1ZZMm0h18fKL__gL_w1ztEoHZ1lir4YmCbMnrWP7UQa57NZyor&#039;,
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How a business friendly government has failed to arrest the slide in private investment

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&lt;br /&gt;
&lt;em&gt;How a business friendly government has failed to arrest the slide in private investment&lt;br /&gt;
&lt;/em&gt;&lt;br /&gt;
It may appear that the recent hullabaloo over GDP (gross domestic product) growth in the past decade has cast a shadow over assessment of the economy&amp;rsquo;s progress since 2014, but it is not so. There exists enough information for this as GDP is not the sole indicator on which one needs to rely in such an exercise. Arguably, investment is another, mainly private investment, for governments can always raise their capital outlay ignoring the calculus of profitability.&lt;br /&gt;
&lt;br /&gt;
&lt;em&gt;The profit-economy link&lt;br /&gt;
&lt;/em&gt;&lt;br /&gt;
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&lt;br /&gt;
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&lt;br /&gt;
While &amp;lsquo;adventurist&amp;rsquo; has been pronounced as a verdict on the economic policy since 2014, a purely economic explanation is at hand. The government may have mistaken the architecture for the force. For an economy, by architecture we would mean the framework within which activity takes place while force is the ebb and flow of the demand for and supply of goods. &lt;br /&gt;
&lt;br /&gt;
Please &lt;a href=&quot;https://www.thehindu.com/opinion/lead/the-architecture-is-not-the-force/article25665791.ece?homepage=true&amp;amp;fbclid=IwAR1ZZMm0h18fKL__gL_w1ztEoHZ1lir4YmCbMnrWP7UQa57NZyorraKVl1o&quot;&gt;click here&lt;/a&gt; to read more. &lt;br /&gt;
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How a business friendly government has failed to arrest the slide in private investment

It may appear that the recent hullabaloo over GDP (gross domestic product) growth in the past decade has cast a shadow over assessment of the economy&amp;rsquo;s...&#039;
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How a business friendly government has failed to arrest the slide in private investment

It may appear that the recent hullabaloo over GDP (gross domestic product) growth in the past decade has cast a shadow over assessment of the economy&rsquo;s..."/>
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                <strong>The architecture is not the force -Pulapre Balakrishnan</strong></h1>
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                <div align="justify">-The Hindu<br /><br /><em>How a business friendly government has failed to arrest the slide in private investment<br /></em><br />It may appear that the recent hullabaloo over GDP (gross domestic product) growth in the past decade has cast a shadow over assessment of the economy&rsquo;s progress since 2014, but it is not so. There exists enough information for this as GDP is not the sole indicator on which one needs to rely in such an exercise. Arguably, investment is another, mainly private investment, for governments can always raise their capital outlay ignoring the calculus of profitability.<br /><br /><em>The profit-economy link<br /></em><br />For a private investor, on the other hand, financial commitments are based closely on anticipated profit. The expectation of profit is itself tied to the expected state of the economy. As much of the future is uncertain, some part of its expectation is likely to be based on current trends. Thus, private investment is tied both to the present state of the economy and its anticipated vigour. For a government interested in invigorating the economy, then, it is essential to inspire confidence in the private investor. The investment meant here is the expenditure on productive capacity as opposed to buying shares or even durable goods in secondary markets.<br /><br />Private investment in relation to output has in most years since been lower than what it was in 2014. This may come as a surprise to some as the government of Narendra Modi had appeared a business friendly one. While noting the slide in private investment, two points may be made. First, the private sector comprises two segments, the corporate and the unincorporated, termed household, in Indian national accounts. Since 2014, after initially declining private corporate investment has shown a mild rise while household investment has fallen sharply. The overall effect has been downward. This despite the pro-business reputation of this government and the strong and repeated communication of the Prime Minister that it would support those who &lsquo;Make in India&rsquo;. Clearly this talk has not been enough to convince private investors, who probably find insufficient dynamism in the economy today and are unsure of the likely impact of the government&rsquo;s policies on its future. The most business friendly government at the Centre in recent times has not had success in turning around a slide in private investment. This is the second point to note.<br /><br />While &lsquo;adventurist&rsquo; has been pronounced as a verdict on the economic policy since 2014, a purely economic explanation is at hand. The government may have mistaken the architecture for the force. For an economy, by architecture we would mean the framework within which activity takes place while force is the ebb and flow of the demand for and supply of goods. <br /><br />Please <a href="https://www.thehindu.com/opinion/lead/the-architecture-is-not-the-force/article25665791.ece?homepage=true&amp;fbclid=IwAR1ZZMm0h18fKL__gL_w1ztEoHZ1lir4YmCbMnrWP7UQa57NZyorraKVl1o" title="https://www.thehindu.com/opinion/lead/the-architecture-is-not-the-force/article25665791.ece?homepage=true&amp;fbclid=IwAR1ZZMm0h18fKL__gL_w1ztEoHZ1lir4YmCbMnrWP7UQa57NZyorraKVl1o">click here</a> to read more. <br /></div>               </font>
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-The Hindu&lt;br /&gt;
&lt;br /&gt;
&lt;em&gt;How a business friendly government has failed to arrest the slide in private investment&lt;br /&gt;
&lt;/em&gt;&lt;br /&gt;
It may appear that the recent hullabaloo over GDP (gross domestic product) growth in the past decade has cast a shadow over assessment of the economy&amp;rsquo;s progress since 2014, but it is not so. There exists enough information for this as GDP is not the sole indicator on which one needs to rely in such an exercise. Arguably, investment is another, mainly private investment, for governments can always raise their capital outlay ignoring the calculus of profitability.&lt;br /&gt;
&lt;br /&gt;
&lt;em&gt;The profit-economy link&lt;br /&gt;
&lt;/em&gt;&lt;br /&gt;
For a private investor, on the other hand, financial commitments are based closely on anticipated profit. The expectation of profit is itself tied to the expected state of the economy. As much of the future is uncertain, some part of its expectation is likely to be based on current trends. Thus, private investment is tied both to the present state of the economy and its anticipated vigour. For a government interested in invigorating the economy, then, it is essential to inspire confidence in the private investor. The investment meant here is the expenditure on productive capacity as opposed to buying shares or even durable goods in secondary markets.&lt;br /&gt;
&lt;br /&gt;
Private investment in relation to output has in most years since been lower than what it was in 2014. This may come as a surprise to some as the government of Narendra Modi had appeared a business friendly one. While noting the slide in private investment, two points may be made. First, the private sector comprises two segments, the corporate and the unincorporated, termed household, in Indian national accounts. Since 2014, after initially declining private corporate investment has shown a mild rise while household investment has fallen sharply. The overall effect has been downward. This despite the pro-business reputation of this government and the strong and repeated communication of the Prime Minister that it would support those who &amp;lsquo;Make in India&amp;rsquo;. Clearly this talk has not been enough to convince private investors, who probably find insufficient dynamism in the economy today and are unsure of the likely impact of the government&amp;rsquo;s policies on its future. The most business friendly government at the Centre in recent times has not had success in turning around a slide in private investment. This is the second point to note.&lt;br /&gt;
&lt;br /&gt;
While &amp;lsquo;adventurist&amp;rsquo; has been pronounced as a verdict on the economic policy since 2014, a purely economic explanation is at hand. The government may have mistaken the architecture for the force. For an economy, by architecture we would mean the framework within which activity takes place while force is the ebb and flow of the demand for and supply of goods. &lt;br /&gt;
&lt;br /&gt;
Please &lt;a href=&quot;https://www.thehindu.com/opinion/lead/the-architecture-is-not-the-force/article25665791.ece?homepage=true&amp;amp;fbclid=IwAR1ZZMm0h18fKL__gL_w1ztEoHZ1lir4YmCbMnrWP7UQa57NZyorraKVl1o&quot;&gt;click here&lt;/a&gt; to read more. &lt;br /&gt;
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		&#039;credit_writer&#039; =&gt; &#039;The Hindu, 5 December, 2018, https://www.thehindu.com/opinion/lead/the-architecture-is-not-the-force/article25665791.ece?homepage=true&amp;amp;fbclid=IwAR1ZZMm0h18fKL__gL_w1ztEoHZ1lir4YmCbMnrWP7UQa57NZyor&#039;,
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How a business friendly government has failed to arrest the slide in private investment

It may appear that the recent hullabaloo over GDP (gross domestic product) growth in the past decade has cast a shadow over assessment of the economy&amp;rsquo;s...&#039;,
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&lt;br /&gt;
&lt;em&gt;How a business friendly government has failed to arrest the slide in private investment&lt;br /&gt;
&lt;/em&gt;&lt;br /&gt;
It may appear that the recent hullabaloo over GDP (gross domestic product) growth in the past decade has cast a shadow over assessment of the economy&amp;rsquo;s progress since 2014, but it is not so. There exists enough information for this as GDP is not the sole indicator on which one needs to rely in such an exercise. Arguably, investment is another, mainly private investment, for governments can always raise their capital outlay ignoring the calculus of profitability.&lt;br /&gt;
&lt;br /&gt;
&lt;em&gt;The profit-economy link&lt;br /&gt;
&lt;/em&gt;&lt;br /&gt;
For a private investor, on the other hand, financial commitments are based closely on anticipated profit. The expectation of profit is itself tied to the expected state of the economy. As much of the future is uncertain, some part of its expectation is likely to be based on current trends. Thus, private investment is tied both to the present state of the economy and its anticipated vigour. For a government interested in invigorating the economy, then, it is essential to inspire confidence in the private investor. The investment meant here is the expenditure on productive capacity as opposed to buying shares or even durable goods in secondary markets.&lt;br /&gt;
&lt;br /&gt;
Private investment in relation to output has in most years since been lower than what it was in 2014. This may come as a surprise to some as the government of Narendra Modi had appeared a business friendly one. While noting the slide in private investment, two points may be made. First, the private sector comprises two segments, the corporate and the unincorporated, termed household, in Indian national accounts. Since 2014, after initially declining private corporate investment has shown a mild rise while household investment has fallen sharply. The overall effect has been downward. This despite the pro-business reputation of this government and the strong and repeated communication of the Prime Minister that it would support those who &amp;lsquo;Make in India&amp;rsquo;. Clearly this talk has not been enough to convince private investors, who probably find insufficient dynamism in the economy today and are unsure of the likely impact of the government&amp;rsquo;s policies on its future. The most business friendly government at the Centre in recent times has not had success in turning around a slide in private investment. This is the second point to note.&lt;br /&gt;
&lt;br /&gt;
While &amp;lsquo;adventurist&amp;rsquo; has been pronounced as a verdict on the economic policy since 2014, a purely economic explanation is at hand. The government may have mistaken the architecture for the force. For an economy, by architecture we would mean the framework within which activity takes place while force is the ebb and flow of the demand for and supply of goods. &lt;br /&gt;
&lt;br /&gt;
Please &lt;a href=&quot;https://www.thehindu.com/opinion/lead/the-architecture-is-not-the-force/article25665791.ece?homepage=true&amp;amp;fbclid=IwAR1ZZMm0h18fKL__gL_w1ztEoHZ1lir4YmCbMnrWP7UQa57NZyorraKVl1o&quot;&gt;click here&lt;/a&gt; to read more. &lt;br /&gt;
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	&#039;credit_writer&#039; =&gt; &#039;The Hindu, 5 December, 2018, https://www.thehindu.com/opinion/lead/the-architecture-is-not-the-force/article25665791.ece?homepage=true&amp;amp;fbclid=IwAR1ZZMm0h18fKL__gL_w1ztEoHZ1lir4YmCbMnrWP7UQa57NZyor&#039;,
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-The Hindu

How a business friendly government has failed to arrest the slide in private investment

It may appear that the recent hullabaloo over GDP (gross domestic product) growth in the past decade has cast a shadow over assessment of the economy&amp;rsquo;s...&#039;
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-The Hindu

How a business friendly government has failed to arrest the slide in private investment

It may appear that the recent hullabaloo over GDP (gross domestic product) growth in the past decade has cast a shadow over assessment of the economy&rsquo;s..."/>
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                <strong>The architecture is not the force -Pulapre Balakrishnan</strong></h1>
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                <div align="justify">-The Hindu<br /><br /><em>How a business friendly government has failed to arrest the slide in private investment<br /></em><br />It may appear that the recent hullabaloo over GDP (gross domestic product) growth in the past decade has cast a shadow over assessment of the economy&rsquo;s progress since 2014, but it is not so. There exists enough information for this as GDP is not the sole indicator on which one needs to rely in such an exercise. Arguably, investment is another, mainly private investment, for governments can always raise their capital outlay ignoring the calculus of profitability.<br /><br /><em>The profit-economy link<br /></em><br />For a private investor, on the other hand, financial commitments are based closely on anticipated profit. The expectation of profit is itself tied to the expected state of the economy. As much of the future is uncertain, some part of its expectation is likely to be based on current trends. Thus, private investment is tied both to the present state of the economy and its anticipated vigour. For a government interested in invigorating the economy, then, it is essential to inspire confidence in the private investor. The investment meant here is the expenditure on productive capacity as opposed to buying shares or even durable goods in secondary markets.<br /><br />Private investment in relation to output has in most years since been lower than what it was in 2014. This may come as a surprise to some as the government of Narendra Modi had appeared a business friendly one. While noting the slide in private investment, two points may be made. First, the private sector comprises two segments, the corporate and the unincorporated, termed household, in Indian national accounts. Since 2014, after initially declining private corporate investment has shown a mild rise while household investment has fallen sharply. The overall effect has been downward. This despite the pro-business reputation of this government and the strong and repeated communication of the Prime Minister that it would support those who &lsquo;Make in India&rsquo;. Clearly this talk has not been enough to convince private investors, who probably find insufficient dynamism in the economy today and are unsure of the likely impact of the government&rsquo;s policies on its future. The most business friendly government at the Centre in recent times has not had success in turning around a slide in private investment. This is the second point to note.<br /><br />While &lsquo;adventurist&rsquo; has been pronounced as a verdict on the economic policy since 2014, a purely economic explanation is at hand. The government may have mistaken the architecture for the force. For an economy, by architecture we would mean the framework within which activity takes place while force is the ebb and flow of the demand for and supply of goods. <br /><br />Please <a href="https://www.thehindu.com/opinion/lead/the-architecture-is-not-the-force/article25665791.ece?homepage=true&amp;fbclid=IwAR1ZZMm0h18fKL__gL_w1ztEoHZ1lir4YmCbMnrWP7UQa57NZyorraKVl1o" title="https://www.thehindu.com/opinion/lead/the-architecture-is-not-the-force/article25665791.ece?homepage=true&amp;fbclid=IwAR1ZZMm0h18fKL__gL_w1ztEoHZ1lir4YmCbMnrWP7UQa57NZyorraKVl1o">click here</a> to read more. <br /></div>               </font>
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-The Hindu&lt;br /&gt;
&lt;br /&gt;
&lt;em&gt;How a business friendly government has failed to arrest the slide in private investment&lt;br /&gt;
&lt;/em&gt;&lt;br /&gt;
It may appear that the recent hullabaloo over GDP (gross domestic product) growth in the past decade has cast a shadow over assessment of the economy&amp;rsquo;s progress since 2014, but it is not so. There exists enough information for this as GDP is not the sole indicator on which one needs to rely in such an exercise. Arguably, investment is another, mainly private investment, for governments can always raise their capital outlay ignoring the calculus of profitability.&lt;br /&gt;
&lt;br /&gt;
&lt;em&gt;The profit-economy link&lt;br /&gt;
&lt;/em&gt;&lt;br /&gt;
For a private investor, on the other hand, financial commitments are based closely on anticipated profit. The expectation of profit is itself tied to the expected state of the economy. As much of the future is uncertain, some part of its expectation is likely to be based on current trends. Thus, private investment is tied both to the present state of the economy and its anticipated vigour. For a government interested in invigorating the economy, then, it is essential to inspire confidence in the private investor. The investment meant here is the expenditure on productive capacity as opposed to buying shares or even durable goods in secondary markets.&lt;br /&gt;
&lt;br /&gt;
Private investment in relation to output has in most years since been lower than what it was in 2014. This may come as a surprise to some as the government of Narendra Modi had appeared a business friendly one. While noting the slide in private investment, two points may be made. First, the private sector comprises two segments, the corporate and the unincorporated, termed household, in Indian national accounts. Since 2014, after initially declining private corporate investment has shown a mild rise while household investment has fallen sharply. The overall effect has been downward. This despite the pro-business reputation of this government and the strong and repeated communication of the Prime Minister that it would support those who &amp;lsquo;Make in India&amp;rsquo;. Clearly this talk has not been enough to convince private investors, who probably find insufficient dynamism in the economy today and are unsure of the likely impact of the government&amp;rsquo;s policies on its future. The most business friendly government at the Centre in recent times has not had success in turning around a slide in private investment. This is the second point to note.&lt;br /&gt;
&lt;br /&gt;
While &amp;lsquo;adventurist&amp;rsquo; has been pronounced as a verdict on the economic policy since 2014, a purely economic explanation is at hand. The government may have mistaken the architecture for the force. For an economy, by architecture we would mean the framework within which activity takes place while force is the ebb and flow of the demand for and supply of goods. &lt;br /&gt;
&lt;br /&gt;
Please &lt;a href=&quot;https://www.thehindu.com/opinion/lead/the-architecture-is-not-the-force/article25665791.ece?homepage=true&amp;amp;fbclid=IwAR1ZZMm0h18fKL__gL_w1ztEoHZ1lir4YmCbMnrWP7UQa57NZyorraKVl1o&quot;&gt;click here&lt;/a&gt; to read more. &lt;br /&gt;
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-The Hindu&lt;br /&gt;
&lt;br /&gt;
&lt;em&gt;How a business friendly government has failed to arrest the slide in private investment&lt;br /&gt;
&lt;/em&gt;&lt;br /&gt;
It may appear that the recent hullabaloo over GDP (gross domestic product) growth in the past decade has cast a shadow over assessment of the economy&amp;rsquo;s progress since 2014, but it is not so. There exists enough information for this as GDP is not the sole indicator on which one needs to rely in such an exercise. Arguably, investment is another, mainly private investment, for governments can always raise their capital outlay ignoring the calculus of profitability.&lt;br /&gt;
&lt;br /&gt;
&lt;em&gt;The profit-economy link&lt;br /&gt;
&lt;/em&gt;&lt;br /&gt;
For a private investor, on the other hand, financial commitments are based closely on anticipated profit. The expectation of profit is itself tied to the expected state of the economy. As much of the future is uncertain, some part of its expectation is likely to be based on current trends. Thus, private investment is tied both to the present state of the economy and its anticipated vigour. For a government interested in invigorating the economy, then, it is essential to inspire confidence in the private investor. The investment meant here is the expenditure on productive capacity as opposed to buying shares or even durable goods in secondary markets.&lt;br /&gt;
&lt;br /&gt;
Private investment in relation to output has in most years since been lower than what it was in 2014. This may come as a surprise to some as the government of Narendra Modi had appeared a business friendly one. While noting the slide in private investment, two points may be made. First, the private sector comprises two segments, the corporate and the unincorporated, termed household, in Indian national accounts. Since 2014, after initially declining private corporate investment has shown a mild rise while household investment has fallen sharply. The overall effect has been downward. This despite the pro-business reputation of this government and the strong and repeated communication of the Prime Minister that it would support those who &amp;lsquo;Make in India&amp;rsquo;. Clearly this talk has not been enough to convince private investors, who probably find insufficient dynamism in the economy today and are unsure of the likely impact of the government&amp;rsquo;s policies on its future. The most business friendly government at the Centre in recent times has not had success in turning around a slide in private investment. This is the second point to note.&lt;br /&gt;
&lt;br /&gt;
While &amp;lsquo;adventurist&amp;rsquo; has been pronounced as a verdict on the economic policy since 2014, a purely economic explanation is at hand. The government may have mistaken the architecture for the force. For an economy, by architecture we would mean the framework within which activity takes place while force is the ebb and flow of the demand for and supply of goods. &lt;br /&gt;
&lt;br /&gt;
Please &lt;a href=&quot;https://www.thehindu.com/opinion/lead/the-architecture-is-not-the-force/article25665791.ece?homepage=true&amp;amp;fbclid=IwAR1ZZMm0h18fKL__gL_w1ztEoHZ1lir4YmCbMnrWP7UQa57NZyorraKVl1o&quot;&gt;click here&lt;/a&gt; to read more. &lt;br /&gt;
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How a business friendly government has failed to arrest the slide in private investment

It may appear that the recent hullabaloo over GDP (gross domestic product) growth in the past decade has cast a shadow over assessment of the economy&amp;rsquo;s...&#039;
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How a business friendly government has failed to arrest the slide in private investment

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                <strong>The architecture is not the force -Pulapre Balakrishnan</strong></h1>
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                <div align="justify">-The Hindu<br /><br /><em>How a business friendly government has failed to arrest the slide in private investment<br /></em><br />It may appear that the recent hullabaloo over GDP (gross domestic product) growth in the past decade has cast a shadow over assessment of the economy&rsquo;s progress since 2014, but it is not so. There exists enough information for this as GDP is not the sole indicator on which one needs to rely in such an exercise. Arguably, investment is another, mainly private investment, for governments can always raise their capital outlay ignoring the calculus of profitability.<br /><br /><em>The profit-economy link<br /></em><br />For a private investor, on the other hand, financial commitments are based closely on anticipated profit. The expectation of profit is itself tied to the expected state of the economy. As much of the future is uncertain, some part of its expectation is likely to be based on current trends. Thus, private investment is tied both to the present state of the economy and its anticipated vigour. For a government interested in invigorating the economy, then, it is essential to inspire confidence in the private investor. The investment meant here is the expenditure on productive capacity as opposed to buying shares or even durable goods in secondary markets.<br /><br />Private investment in relation to output has in most years since been lower than what it was in 2014. This may come as a surprise to some as the government of Narendra Modi had appeared a business friendly one. While noting the slide in private investment, two points may be made. First, the private sector comprises two segments, the corporate and the unincorporated, termed household, in Indian national accounts. Since 2014, after initially declining private corporate investment has shown a mild rise while household investment has fallen sharply. The overall effect has been downward. This despite the pro-business reputation of this government and the strong and repeated communication of the Prime Minister that it would support those who &lsquo;Make in India&rsquo;. Clearly this talk has not been enough to convince private investors, who probably find insufficient dynamism in the economy today and are unsure of the likely impact of the government&rsquo;s policies on its future. The most business friendly government at the Centre in recent times has not had success in turning around a slide in private investment. This is the second point to note.<br /><br />While &lsquo;adventurist&rsquo; has been pronounced as a verdict on the economic policy since 2014, a purely economic explanation is at hand. The government may have mistaken the architecture for the force. For an economy, by architecture we would mean the framework within which activity takes place while force is the ebb and flow of the demand for and supply of goods. <br /><br />Please <a href="https://www.thehindu.com/opinion/lead/the-architecture-is-not-the-force/article25665791.ece?homepage=true&amp;fbclid=IwAR1ZZMm0h18fKL__gL_w1ztEoHZ1lir4YmCbMnrWP7UQa57NZyorraKVl1o" title="https://www.thehindu.com/opinion/lead/the-architecture-is-not-the-force/article25665791.ece?homepage=true&amp;fbclid=IwAR1ZZMm0h18fKL__gL_w1ztEoHZ1lir4YmCbMnrWP7UQa57NZyorraKVl1o">click here</a> to read more. <br /></div>               </font>
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-The Hindu<br />
<br />
<em>How a business friendly government has failed to arrest the slide in private investment<br />
</em><br />
It may appear that the recent hullabaloo over GDP (gross domestic product) growth in the past decade has cast a shadow over assessment of the economy&rsquo;s progress since 2014, but it is not so. There exists enough information for this as GDP is not the sole indicator on which one needs to rely in such an exercise. Arguably, investment is another, mainly private investment, for governments can always raise their capital outlay ignoring the calculus of profitability.<br />
<br />
<em>The profit-economy link<br />
</em><br />
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<br />
Private investment in relation to output has in most years since been lower than what it was in 2014. This may come as a surprise to some as the government of Narendra Modi had appeared a business friendly one. While noting the slide in private investment, two points may be made. First, the private sector comprises two segments, the corporate and the unincorporated, termed household, in Indian national accounts. Since 2014, after initially declining private corporate investment has shown a mild rise while household investment has fallen sharply. The overall effect has been downward. This despite the pro-business reputation of this government and the strong and repeated communication of the Prime Minister that it would support those who &lsquo;Make in India&rsquo;. Clearly this talk has not been enough to convince private investors, who probably find insufficient dynamism in the economy today and are unsure of the likely impact of the government&rsquo;s policies on its future. The most business friendly government at the Centre in recent times has not had success in turning around a slide in private investment. This is the second point to note.<br />
<br />
While &lsquo;adventurist&rsquo; has been pronounced as a verdict on the economic policy since 2014, a purely economic explanation is at hand. The government may have mistaken the architecture for the force. For an economy, by architecture we would mean the framework within which activity takes place while force is the ebb and flow of the demand for and supply of goods. <br />
<br />
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-The Hindu<br />
<br />
<em>How a business friendly government has failed to arrest the slide in private investment<br />
</em><br />
It may appear that the recent hullabaloo over GDP (gross domestic product) growth in the past decade has cast a shadow over assessment of the economy&rsquo;s progress since 2014, but it is not so. There exists enough information for this as GDP is not the sole indicator on which one needs to rely in such an exercise. Arguably, investment is another, mainly private investment, for governments can always raise their capital outlay ignoring the calculus of profitability.<br />
<br />
<em>The profit-economy link<br />
</em><br />
For a private investor, on the other hand, financial commitments are based closely on anticipated profit. The expectation of profit is itself tied to the expected state of the economy. As much of the future is uncertain, some part of its expectation is likely to be based on current trends. Thus, private investment is tied both to the present state of the economy and its anticipated vigour. For a government interested in invigorating the economy, then, it is essential to inspire confidence in the private investor. The investment meant here is the expenditure on productive capacity as opposed to buying shares or even durable goods in secondary markets.<br />
<br />
Private investment in relation to output has in most years since been lower than what it was in 2014. This may come as a surprise to some as the government of Narendra Modi had appeared a business friendly one. While noting the slide in private investment, two points may be made. First, the private sector comprises two segments, the corporate and the unincorporated, termed household, in Indian national accounts. Since 2014, after initially declining private corporate investment has shown a mild rise while household investment has fallen sharply. The overall effect has been downward. This despite the pro-business reputation of this government and the strong and repeated communication of the Prime Minister that it would support those who &lsquo;Make in India&rsquo;. Clearly this talk has not been enough to convince private investors, who probably find insufficient dynamism in the economy today and are unsure of the likely impact of the government&rsquo;s policies on its future. The most business friendly government at the Centre in recent times has not had success in turning around a slide in private investment. This is the second point to note.<br />
<br />
While &lsquo;adventurist&rsquo; has been pronounced as a verdict on the economic policy since 2014, a purely economic explanation is at hand. The government may have mistaken the architecture for the force. For an economy, by architecture we would mean the framework within which activity takes place while force is the ebb and flow of the demand for and supply of goods. <br />
<br />
Please <a href="https://www.thehindu.com/opinion/lead/the-architecture-is-not-the-force/article25665791.ece?homepage=true&amp;fbclid=IwAR1ZZMm0h18fKL__gL_w1ztEoHZ1lir4YmCbMnrWP7UQa57NZyorraKVl1o">click here</a> to read more. <br />
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-The Hindu

How a business friendly government has failed to arrest the slide in private investment

It may appear that the recent hullabaloo over GDP (gross domestic product) growth in the past decade has cast a shadow over assessment of the economy&rsquo;s...'
$disp = '<div align="justify">-The Hindu<br /><br /><em>How a business friendly government has failed to arrest the slide in private investment<br /></em><br />It may appear that the recent hullabaloo over GDP (gross domestic product) growth in the past decade has cast a shadow over assessment of the economy&rsquo;s progress since 2014, but it is not so. There exists enough information for this as GDP is not the sole indicator on which one needs to rely in such an exercise. Arguably, investment is another, mainly private investment, for governments can always raise their capital outlay ignoring the calculus of profitability.<br /><br /><em>The profit-economy link<br /></em><br />For a private investor, on the other hand, financial commitments are based closely on anticipated profit. The expectation of profit is itself tied to the expected state of the economy. As much of the future is uncertain, some part of its expectation is likely to be based on current trends. Thus, private investment is tied both to the present state of the economy and its anticipated vigour. For a government interested in invigorating the economy, then, it is essential to inspire confidence in the private investor. The investment meant here is the expenditure on productive capacity as opposed to buying shares or even durable goods in secondary markets.<br /><br />Private investment in relation to output has in most years since been lower than what it was in 2014. This may come as a surprise to some as the government of Narendra Modi had appeared a business friendly one. While noting the slide in private investment, two points may be made. First, the private sector comprises two segments, the corporate and the unincorporated, termed household, in Indian national accounts. Since 2014, after initially declining private corporate investment has shown a mild rise while household investment has fallen sharply. The overall effect has been downward. This despite the pro-business reputation of this government and the strong and repeated communication of the Prime Minister that it would support those who &lsquo;Make in India&rsquo;. Clearly this talk has not been enough to convince private investors, who probably find insufficient dynamism in the economy today and are unsure of the likely impact of the government&rsquo;s policies on its future. The most business friendly government at the Centre in recent times has not had success in turning around a slide in private investment. This is the second point to note.<br /><br />While &lsquo;adventurist&rsquo; has been pronounced as a verdict on the economic policy since 2014, a purely economic explanation is at hand. The government may have mistaken the architecture for the force. For an economy, by architecture we would mean the framework within which activity takes place while force is the ebb and flow of the demand for and supply of goods. <br /><br />Please <a href="https://www.thehindu.com/opinion/lead/the-architecture-is-not-the-force/article25665791.ece?homepage=true&amp;fbclid=IwAR1ZZMm0h18fKL__gL_w1ztEoHZ1lir4YmCbMnrWP7UQa57NZyorraKVl1o" title="https://www.thehindu.com/opinion/lead/the-architecture-is-not-the-force/article25665791.ece?homepage=true&amp;fbclid=IwAR1ZZMm0h18fKL__gL_w1ztEoHZ1lir4YmCbMnrWP7UQa57NZyorraKVl1o">click here</a> to read more. <br /></div>'
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The architecture is not the force -Pulapre Balakrishnan

-The Hindu How a business friendly government has failed to arrest the slide in private investment It may appear that the recent hullabaloo over GDP (gross domestic product) growth in the past decade has cast a shadow over assessment of the economy’s progress since 2014, but it is not so. There exists enough information for this as GDP is not the sole indicator on which one needs to rely in such an exercise. Arguably, investment is another, mainly private investment, for governments can always raise their capital outlay ignoring the calculus of profitability. The profit-economy link For a private investor, on the other hand, financial commitments are based closely on anticipated profit. The expectation of profit is itself tied to the expected state of the economy. As much of the future is uncertain, some part of its expectation is likely to be based on current trends. Thus, private investment is tied both to the present state of the economy and its anticipated vigour. For a government interested in invigorating the economy, then, it is essential to inspire confidence in the private investor. The investment meant here is the expenditure on productive capacity as opposed to buying shares or even durable goods in secondary markets. Private investment in relation to output has in most years since been lower than what it was in 2014. This may come as a surprise to some as the government of Narendra Modi had appeared a business friendly one. While noting the slide in private investment, two points may be made. First, the private sector comprises two segments, the corporate and the unincorporated, termed household, in Indian national accounts. Since 2014, after initially declining private corporate investment has shown a mild rise while household investment has fallen sharply. The overall effect has been downward. This despite the pro-business reputation of this government and the strong and repeated communication of the Prime Minister that it would support those who ‘Make in India’. Clearly this talk has not been enough to convince private investors, who probably find insufficient dynamism in the economy today and are unsure of the likely impact of the government’s policies on its future. The most business friendly government at the Centre in recent times has not had success in turning around a slide in private investment. This is the second point to note. While ‘adventurist’ has been pronounced as a verdict on the economic policy since 2014, a purely economic explanation is at hand. The government may have mistaken the architecture for the force. For an economy, by architecture we would mean the framework within which activity takes place while force is the ebb and flow of the demand for and supply of goods. Please click here to read more.