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
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

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')) {

                trigger_error($message, E_USER_WARNING);

            } else {
$response = object(Cake\Http\Response) {

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-The Telegraph&lt;br /&gt;
&lt;em&gt;&lt;br /&gt;
The obsession with economic growth and the stock market hides other important facts about the condition of the economy&lt;br /&gt;
&lt;/em&gt;&lt;br /&gt;
Every time quarterly or monthly reports of the Indian economy are announced there is a reaction in the media. If the results are worse than the previous ones, then impending doom is forecast. If the results are better than the previous ones, there is unbridled optimism about future economic prospects. Both reactions are wrong and, in many ways, uncalled for. The results are reflections of very short-term fluctuations that might have been caused by transient factors. These data typically pertain to macroeconomic statistics like growth of gross domestic product, inflation rates, foreign exchange rates, financial capital flows, current account balance and government&amp;rsquo;s tax-expenditure figures. The stock market movements are taken to be a reflection of the real condition of the Indian economy. While these kinds of evidence are important since they might affect the fortunes of some high net worth investors, or some companies, they seldom reflect the fundamentals of the economy and the prospects of improving the long-term well-being of its residents.&lt;br /&gt;
&lt;br /&gt;
Since 1991 India shifted its long-term development strategy from being relatively more reliant on State policies and the public sector, to one where markets are enabled to allocate resources according to profitability. Some call it neo-liberalism, while others call it a market-friendly strategy. The crux of this approach relies on market investments to promote growth of the economy. As growth takes place, more incomes and jobs are supposed to be created and their benefits trickle down to the poorest of the poor. All will be well because everyone will benefit materially. Hence the government&amp;rsquo;s role would be to facilitate markets and the private sector, by reducing and removing unnecessary regulations and restrictions. This has been the story of economic reforms pursued by all governments in India since 1991. Reforms are measures to make markets function more easily. Governments always insist that they want to let markets be, until election time draws near. Then suddenly governments take a populist stance and, more often than not, announce a long list of welfare schemes and direct benefits for the poor. After the elections, whoever comes to power, the measures are forgotten, or function as low priority activities of the new government. &lt;br /&gt;
&lt;br /&gt;
Please &lt;a href=&quot;https://www.telegraphindia.com/opinion/the-india-that-does-not-shine-is-bigger-than-the-india-that-does/cid/1672081?ref=top-stories_home-template&quot;&gt;click here&lt;/a&gt; to read more. &lt;br /&gt;
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		&#039;credit_writer&#039; =&gt; &#039;The Telegraph, 19 October, 2018, https://www.telegraphindia.com/opinion/the-india-that-does-not-shine-is-bigger-than-the-india-that-does/cid/1672081?ref=top-stories_home-template&#039;,
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The obsession with economic growth and the stock market hides other important facts about the condition of the economy

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&lt;em&gt;&lt;br /&gt;
The obsession with economic growth and the stock market hides other important facts about the condition of the economy&lt;br /&gt;
&lt;/em&gt;&lt;br /&gt;
Every time quarterly or monthly reports of the Indian economy are announced there is a reaction in the media. If the results are worse than the previous ones, then impending doom is forecast. If the results are better than the previous ones, there is unbridled optimism about future economic prospects. Both reactions are wrong and, in many ways, uncalled for. The results are reflections of very short-term fluctuations that might have been caused by transient factors. These data typically pertain to macroeconomic statistics like growth of gross domestic product, inflation rates, foreign exchange rates, financial capital flows, current account balance and government&amp;rsquo;s tax-expenditure figures. The stock market movements are taken to be a reflection of the real condition of the Indian economy. While these kinds of evidence are important since they might affect the fortunes of some high net worth investors, or some companies, they seldom reflect the fundamentals of the economy and the prospects of improving the long-term well-being of its residents.&lt;br /&gt;
&lt;br /&gt;
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&lt;br /&gt;
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-The Telegraph

The obsession with economic growth and the stock market hides other important facts about the condition of the economy

Every time quarterly or monthly reports of the Indian economy are announced there is a reaction in the media. If the..."/>
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                <strong>The India that does not shine is bigger than the India that does -Anup Sinha</strong></h1>
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                <div align="justify">-The Telegraph<br /><em><br />The obsession with economic growth and the stock market hides other important facts about the condition of the economy<br /></em><br />Every time quarterly or monthly reports of the Indian economy are announced there is a reaction in the media. If the results are worse than the previous ones, then impending doom is forecast. If the results are better than the previous ones, there is unbridled optimism about future economic prospects. Both reactions are wrong and, in many ways, uncalled for. The results are reflections of very short-term fluctuations that might have been caused by transient factors. These data typically pertain to macroeconomic statistics like growth of gross domestic product, inflation rates, foreign exchange rates, financial capital flows, current account balance and government&rsquo;s tax-expenditure figures. The stock market movements are taken to be a reflection of the real condition of the Indian economy. While these kinds of evidence are important since they might affect the fortunes of some high net worth investors, or some companies, they seldom reflect the fundamentals of the economy and the prospects of improving the long-term well-being of its residents.<br /><br />Since 1991 India shifted its long-term development strategy from being relatively more reliant on State policies and the public sector, to one where markets are enabled to allocate resources according to profitability. Some call it neo-liberalism, while others call it a market-friendly strategy. The crux of this approach relies on market investments to promote growth of the economy. As growth takes place, more incomes and jobs are supposed to be created and their benefits trickle down to the poorest of the poor. All will be well because everyone will benefit materially. Hence the government&rsquo;s role would be to facilitate markets and the private sector, by reducing and removing unnecessary regulations and restrictions. This has been the story of economic reforms pursued by all governments in India since 1991. Reforms are measures to make markets function more easily. Governments always insist that they want to let markets be, until election time draws near. Then suddenly governments take a populist stance and, more often than not, announce a long list of welfare schemes and direct benefits for the poor. After the elections, whoever comes to power, the measures are forgotten, or function as low priority activities of the new government. <br /><br />Please <a href="https://www.telegraphindia.com/opinion/the-india-that-does-not-shine-is-bigger-than-the-india-that-does/cid/1672081?ref=top-stories_home-template" title="https://www.telegraphindia.com/opinion/the-india-that-does-not-shine-is-bigger-than-the-india-that-does/cid/1672081?ref=top-stories_home-template">click here</a> to read more. <br /></div>               </font>
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-The Telegraph&lt;br /&gt;
&lt;em&gt;&lt;br /&gt;
The obsession with economic growth and the stock market hides other important facts about the condition of the economy&lt;br /&gt;
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Every time quarterly or monthly reports of the Indian economy are announced there is a reaction in the media. If the results are worse than the previous ones, then impending doom is forecast. If the results are better than the previous ones, there is unbridled optimism about future economic prospects. Both reactions are wrong and, in many ways, uncalled for. The results are reflections of very short-term fluctuations that might have been caused by transient factors. These data typically pertain to macroeconomic statistics like growth of gross domestic product, inflation rates, foreign exchange rates, financial capital flows, current account balance and government&amp;rsquo;s tax-expenditure figures. The stock market movements are taken to be a reflection of the real condition of the Indian economy. While these kinds of evidence are important since they might affect the fortunes of some high net worth investors, or some companies, they seldom reflect the fundamentals of the economy and the prospects of improving the long-term well-being of its residents.&lt;br /&gt;
&lt;br /&gt;
Since 1991 India shifted its long-term development strategy from being relatively more reliant on State policies and the public sector, to one where markets are enabled to allocate resources according to profitability. Some call it neo-liberalism, while others call it a market-friendly strategy. The crux of this approach relies on market investments to promote growth of the economy. As growth takes place, more incomes and jobs are supposed to be created and their benefits trickle down to the poorest of the poor. All will be well because everyone will benefit materially. Hence the government&amp;rsquo;s role would be to facilitate markets and the private sector, by reducing and removing unnecessary regulations and restrictions. This has been the story of economic reforms pursued by all governments in India since 1991. Reforms are measures to make markets function more easily. Governments always insist that they want to let markets be, until election time draws near. Then suddenly governments take a populist stance and, more often than not, announce a long list of welfare schemes and direct benefits for the poor. After the elections, whoever comes to power, the measures are forgotten, or function as low priority activities of the new government. &lt;br /&gt;
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-The Telegraph

The obsession with economic growth and the stock market hides other important facts about the condition of the economy

Every time quarterly or monthly reports of the Indian economy are announced there is a reaction in the media. If the..."/>
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                <strong>The India that does not shine is bigger than the India that does -Anup Sinha</strong></h1>
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                <div align="justify">-The Telegraph<br /><em><br />The obsession with economic growth and the stock market hides other important facts about the condition of the economy<br /></em><br />Every time quarterly or monthly reports of the Indian economy are announced there is a reaction in the media. If the results are worse than the previous ones, then impending doom is forecast. If the results are better than the previous ones, there is unbridled optimism about future economic prospects. Both reactions are wrong and, in many ways, uncalled for. The results are reflections of very short-term fluctuations that might have been caused by transient factors. These data typically pertain to macroeconomic statistics like growth of gross domestic product, inflation rates, foreign exchange rates, financial capital flows, current account balance and government&rsquo;s tax-expenditure figures. The stock market movements are taken to be a reflection of the real condition of the Indian economy. While these kinds of evidence are important since they might affect the fortunes of some high net worth investors, or some companies, they seldom reflect the fundamentals of the economy and the prospects of improving the long-term well-being of its residents.<br /><br />Since 1991 India shifted its long-term development strategy from being relatively more reliant on State policies and the public sector, to one where markets are enabled to allocate resources according to profitability. Some call it neo-liberalism, while others call it a market-friendly strategy. The crux of this approach relies on market investments to promote growth of the economy. As growth takes place, more incomes and jobs are supposed to be created and their benefits trickle down to the poorest of the poor. All will be well because everyone will benefit materially. Hence the government&rsquo;s role would be to facilitate markets and the private sector, by reducing and removing unnecessary regulations and restrictions. This has been the story of economic reforms pursued by all governments in India since 1991. Reforms are measures to make markets function more easily. Governments always insist that they want to let markets be, until election time draws near. Then suddenly governments take a populist stance and, more often than not, announce a long list of welfare schemes and direct benefits for the poor. After the elections, whoever comes to power, the measures are forgotten, or function as low priority activities of the new government. <br /><br />Please <a href="https://www.telegraphindia.com/opinion/the-india-that-does-not-shine-is-bigger-than-the-india-that-does/cid/1672081?ref=top-stories_home-template" title="https://www.telegraphindia.com/opinion/the-india-that-does-not-shine-is-bigger-than-the-india-that-does/cid/1672081?ref=top-stories_home-template">click here</a> to read more. <br /></div>               </font>
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-The Telegraph&lt;br /&gt;
&lt;em&gt;&lt;br /&gt;
The obsession with economic growth and the stock market hides other important facts about the condition of the economy&lt;br /&gt;
&lt;/em&gt;&lt;br /&gt;
Every time quarterly or monthly reports of the Indian economy are announced there is a reaction in the media. If the results are worse than the previous ones, then impending doom is forecast. If the results are better than the previous ones, there is unbridled optimism about future economic prospects. Both reactions are wrong and, in many ways, uncalled for. The results are reflections of very short-term fluctuations that might have been caused by transient factors. These data typically pertain to macroeconomic statistics like growth of gross domestic product, inflation rates, foreign exchange rates, financial capital flows, current account balance and government&amp;rsquo;s tax-expenditure figures. The stock market movements are taken to be a reflection of the real condition of the Indian economy. While these kinds of evidence are important since they might affect the fortunes of some high net worth investors, or some companies, they seldom reflect the fundamentals of the economy and the prospects of improving the long-term well-being of its residents.&lt;br /&gt;
&lt;br /&gt;
Since 1991 India shifted its long-term development strategy from being relatively more reliant on State policies and the public sector, to one where markets are enabled to allocate resources according to profitability. Some call it neo-liberalism, while others call it a market-friendly strategy. The crux of this approach relies on market investments to promote growth of the economy. As growth takes place, more incomes and jobs are supposed to be created and their benefits trickle down to the poorest of the poor. All will be well because everyone will benefit materially. Hence the government&amp;rsquo;s role would be to facilitate markets and the private sector, by reducing and removing unnecessary regulations and restrictions. This has been the story of economic reforms pursued by all governments in India since 1991. Reforms are measures to make markets function more easily. Governments always insist that they want to let markets be, until election time draws near. Then suddenly governments take a populist stance and, more often than not, announce a long list of welfare schemes and direct benefits for the poor. After the elections, whoever comes to power, the measures are forgotten, or function as low priority activities of the new government. &lt;br /&gt;
&lt;br /&gt;
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The obsession with economic growth and the stock market hides other important facts about the condition of the economy&lt;br /&gt;
&lt;/em&gt;&lt;br /&gt;
Every time quarterly or monthly reports of the Indian economy are announced there is a reaction in the media. If the results are worse than the previous ones, then impending doom is forecast. If the results are better than the previous ones, there is unbridled optimism about future economic prospects. Both reactions are wrong and, in many ways, uncalled for. The results are reflections of very short-term fluctuations that might have been caused by transient factors. These data typically pertain to macroeconomic statistics like growth of gross domestic product, inflation rates, foreign exchange rates, financial capital flows, current account balance and government&amp;rsquo;s tax-expenditure figures. The stock market movements are taken to be a reflection of the real condition of the Indian economy. While these kinds of evidence are important since they might affect the fortunes of some high net worth investors, or some companies, they seldom reflect the fundamentals of the economy and the prospects of improving the long-term well-being of its residents.&lt;br /&gt;
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The obsession with economic growth and the stock market hides other important facts about the condition of the economy

Every time quarterly or monthly reports of the Indian economy are announced there is a reaction in the media. If the...&#039;
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The obsession with economic growth and the stock market hides other important facts about the condition of the economy

Every time quarterly or monthly reports of the Indian economy are announced there is a reaction in the media. If the..."/>
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                <strong>The India that does not shine is bigger than the India that does -Anup Sinha</strong></h1>
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                <div align="justify">-The Telegraph<br /><em><br />The obsession with economic growth and the stock market hides other important facts about the condition of the economy<br /></em><br />Every time quarterly or monthly reports of the Indian economy are announced there is a reaction in the media. If the results are worse than the previous ones, then impending doom is forecast. If the results are better than the previous ones, there is unbridled optimism about future economic prospects. Both reactions are wrong and, in many ways, uncalled for. The results are reflections of very short-term fluctuations that might have been caused by transient factors. These data typically pertain to macroeconomic statistics like growth of gross domestic product, inflation rates, foreign exchange rates, financial capital flows, current account balance and government&rsquo;s tax-expenditure figures. The stock market movements are taken to be a reflection of the real condition of the Indian economy. While these kinds of evidence are important since they might affect the fortunes of some high net worth investors, or some companies, they seldom reflect the fundamentals of the economy and the prospects of improving the long-term well-being of its residents.<br /><br />Since 1991 India shifted its long-term development strategy from being relatively more reliant on State policies and the public sector, to one where markets are enabled to allocate resources according to profitability. Some call it neo-liberalism, while others call it a market-friendly strategy. The crux of this approach relies on market investments to promote growth of the economy. As growth takes place, more incomes and jobs are supposed to be created and their benefits trickle down to the poorest of the poor. All will be well because everyone will benefit materially. Hence the government&rsquo;s role would be to facilitate markets and the private sector, by reducing and removing unnecessary regulations and restrictions. This has been the story of economic reforms pursued by all governments in India since 1991. Reforms are measures to make markets function more easily. Governments always insist that they want to let markets be, until election time draws near. Then suddenly governments take a populist stance and, more often than not, announce a long list of welfare schemes and direct benefits for the poor. After the elections, whoever comes to power, the measures are forgotten, or function as low priority activities of the new government. <br /><br />Please <a href="https://www.telegraphindia.com/opinion/the-india-that-does-not-shine-is-bigger-than-the-india-that-does/cid/1672081?ref=top-stories_home-template" title="https://www.telegraphindia.com/opinion/the-india-that-does-not-shine-is-bigger-than-the-india-that-does/cid/1672081?ref=top-stories_home-template">click here</a> to read more. <br /></div>               </font>
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-The Telegraph<br />
<em><br />
The obsession with economic growth and the stock market hides other important facts about the condition of the economy<br />
</em><br />
Every time quarterly or monthly reports of the Indian economy are announced there is a reaction in the media. If the results are worse than the previous ones, then impending doom is forecast. If the results are better than the previous ones, there is unbridled optimism about future economic prospects. Both reactions are wrong and, in many ways, uncalled for. The results are reflections of very short-term fluctuations that might have been caused by transient factors. These data typically pertain to macroeconomic statistics like growth of gross domestic product, inflation rates, foreign exchange rates, financial capital flows, current account balance and government&rsquo;s tax-expenditure figures. The stock market movements are taken to be a reflection of the real condition of the Indian economy. While these kinds of evidence are important since they might affect the fortunes of some high net worth investors, or some companies, they seldom reflect the fundamentals of the economy and the prospects of improving the long-term well-being of its residents.<br />
<br />
Since 1991 India shifted its long-term development strategy from being relatively more reliant on State policies and the public sector, to one where markets are enabled to allocate resources according to profitability. Some call it neo-liberalism, while others call it a market-friendly strategy. The crux of this approach relies on market investments to promote growth of the economy. As growth takes place, more incomes and jobs are supposed to be created and their benefits trickle down to the poorest of the poor. All will be well because everyone will benefit materially. Hence the government&rsquo;s role would be to facilitate markets and the private sector, by reducing and removing unnecessary regulations and restrictions. This has been the story of economic reforms pursued by all governments in India since 1991. Reforms are measures to make markets function more easily. Governments always insist that they want to let markets be, until election time draws near. Then suddenly governments take a populist stance and, more often than not, announce a long list of welfare schemes and direct benefits for the poor. After the elections, whoever comes to power, the measures are forgotten, or function as low priority activities of the new government. <br />
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-The Telegraph<br />
<em><br />
The obsession with economic growth and the stock market hides other important facts about the condition of the economy<br />
</em><br />
Every time quarterly or monthly reports of the Indian economy are announced there is a reaction in the media. If the results are worse than the previous ones, then impending doom is forecast. If the results are better than the previous ones, there is unbridled optimism about future economic prospects. Both reactions are wrong and, in many ways, uncalled for. The results are reflections of very short-term fluctuations that might have been caused by transient factors. These data typically pertain to macroeconomic statistics like growth of gross domestic product, inflation rates, foreign exchange rates, financial capital flows, current account balance and government&rsquo;s tax-expenditure figures. The stock market movements are taken to be a reflection of the real condition of the Indian economy. While these kinds of evidence are important since they might affect the fortunes of some high net worth investors, or some companies, they seldom reflect the fundamentals of the economy and the prospects of improving the long-term well-being of its residents.<br />
<br />
Since 1991 India shifted its long-term development strategy from being relatively more reliant on State policies and the public sector, to one where markets are enabled to allocate resources according to profitability. Some call it neo-liberalism, while others call it a market-friendly strategy. The crux of this approach relies on market investments to promote growth of the economy. As growth takes place, more incomes and jobs are supposed to be created and their benefits trickle down to the poorest of the poor. All will be well because everyone will benefit materially. Hence the government&rsquo;s role would be to facilitate markets and the private sector, by reducing and removing unnecessary regulations and restrictions. This has been the story of economic reforms pursued by all governments in India since 1991. Reforms are measures to make markets function more easily. Governments always insist that they want to let markets be, until election time draws near. Then suddenly governments take a populist stance and, more often than not, announce a long list of welfare schemes and direct benefits for the poor. After the elections, whoever comes to power, the measures are forgotten, or function as low priority activities of the new government. <br />
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The obsession with economic growth and the stock market hides other important facts about the condition of the economy

Every time quarterly or monthly reports of the Indian economy are announced there is a reaction in the media. If the...'
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The India that does not shine is bigger than the India that does -Anup Sinha

-The Telegraph The obsession with economic growth and the stock market hides other important facts about the condition of the economy Every time quarterly or monthly reports of the Indian economy are announced there is a reaction in the media. If the results are worse than the previous ones, then impending doom is forecast. If the results are better than the previous ones, there is unbridled optimism about future economic prospects. Both reactions are wrong and, in many ways, uncalled for. The results are reflections of very short-term fluctuations that might have been caused by transient factors. These data typically pertain to macroeconomic statistics like growth of gross domestic product, inflation rates, foreign exchange rates, financial capital flows, current account balance and government’s tax-expenditure figures. The stock market movements are taken to be a reflection of the real condition of the Indian economy. While these kinds of evidence are important since they might affect the fortunes of some high net worth investors, or some companies, they seldom reflect the fundamentals of the economy and the prospects of improving the long-term well-being of its residents. Since 1991 India shifted its long-term development strategy from being relatively more reliant on State policies and the public sector, to one where markets are enabled to allocate resources according to profitability. Some call it neo-liberalism, while others call it a market-friendly strategy. The crux of this approach relies on market investments to promote growth of the economy. As growth takes place, more incomes and jobs are supposed to be created and their benefits trickle down to the poorest of the poor. All will be well because everyone will benefit materially. Hence the government’s role would be to facilitate markets and the private sector, by reducing and removing unnecessary regulations and restrictions. This has been the story of economic reforms pursued by all governments in India since 1991. Reforms are measures to make markets function more easily. Governments always insist that they want to let markets be, until election time draws near. Then suddenly governments take a populist stance and, more often than not, announce a long list of welfare schemes and direct benefits for the poor. After the elections, whoever comes to power, the measures are forgotten, or function as low priority activities of the new government. Please click here to read more.