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India projected to grow fastest among emerging nations

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New Delhi: India is projected to grow at 7.5 percent in 2016 and 2017 fiscal as China slows to 6.3 percent in 2016 and 6.0 percent in 2017, according to the International Monetary Fund(IMF).

The slower pace of China’s growth primarily reflects weaker investment growth as the economy continues to rebalance, the International Monetary Fund said in its January update of the World Economic Outlook (WEO).

India and the rest of emerging Asia are generally projected to continue growing at a robust pace, although with some countries facing strong headwinds from China’s economic rebalancing and global manufacturing weakness.

Growth prospects in parts of Asia have diminished somewhat as a result of the unexpectedly big external spillovers from China’s growth transition, the WEO said.

In contrast, India. A major net commodity importer, continues to grow at the fastest pace among emerging economies.

Growth forecasts for most emerging market and developing economies reveal a slower pick up than previously predicted.

Still, growth is projected to increase from 4 percent in 2015-the lowest rate in the 2008-09 financial crisis to 4.3 and 4.7 percent in 2016 and 2017 respectively.

Global growth, currently estimated at 3.1 percent in 2016 and 3.6 percent in 2017 with growth in advanced economies projected to rise by 0.2 percentage point in 2016 to 2.1 percent and hold steady in 2017.

The pickup in global activity is projected to be more gradual than in the October 2015 WEO, especially in emerging market and developing economies.

In advanced economies, a modest and uneven recovery is expected to continue, with a gradual further narrowing of output gaps.

Risks to the global outlook remain titled to the downside and relate to ongoing adjustments in the global economy: a generalized slowdown in emerging market economies, China’s rebalancing, lower commodity prices, and the gradual exit from extraordinary accommodative monetary conditions in the Unites States.

If these key challenges are not successfully managed, global growth could be derailed, the WEO warned.

In the emerging market and developing economies and, policymakers need to manage vulnerabilities and rebuild resilience against potential shocks while lifting growth and ensuring continued convergence toward advanced income levels , the WEO suggested.(IANS)

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Death Knell For The Rape Culture

The death penalty for the child rapist is going to see the light of the day

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Death knell for the rape culture
Death knell for the rape culture. Pixabay

By Salil Gewali

The death penalty for the child rapist is going to see the light of the day. Hearty thanks to the countless candle marchers. The credit also goes to those conscious media and columnists who all fueled the agitation and energized the activists. Here PM Modi’s dynamism can’t be overlooked either, because this ordinance, which was long overdue, has happened now.

Let’s all pray that the ‘fear of death’ will be an effective deterrent.  Hope, this will “frighten away” the real vices. In the meanwhile, it would also be very wise on the part of the government to look for other preventive measures since we have lot many “vices” in lot many avatars and assortments which only encourage the sex related crimes. There are also very dangerous “vices” which, when start to infect one’s thought-process, might give birth to the countless Trojan horses, Malwares, even virulent I-love-You. The virus infecting tragedy usually strikes ones very fast who are with weak inborn “antivirus”. This, in fact, turns “sane men into perverts” if one objectively analyses. But what is too bizarre is that some of such virus generating vices are let to flourish under the cover of silence while some are made to believe through media as “virtues” and while others as “talent” — with a whole lot of modish adornment and poetic adulation. Do you want to acknowledge that ones who cried hard against the despicable rape culture are the premier dealers of these vices? Some are producers too. I cut short here.  Because these days I fear the “thunder of hypocrisy” then the roars of the tiger in a jungle!

Candle March for death penalty of rapists.
Candle March. Pixabay

Yes, remaining complacent by mere hanging the perverts will be thus a downright immaturity. The identifying the causes of those vices that are hurting the society at large are equally important.  Of course, many try to overlook those vices as if they never make a bad impact upon the mindset an individual. Here I’ve an argument — has the heat of the hearth stopped boiling the water or burn your pack of currency notes to ash? As mentioned above, we can draw a perfect “analogy” between the virus infecting a computer leading to its inevitable “malfunction” with the people’s behavioral degeneration and wrong indulgences due to the continuous exposure and acceptance of vices.

Also Read: Rape Survivors in India Still Face Humiliation with Two-Finger tests and Barriers to Justice says Human Rights Watch

However, it would surely be good if the Government and awakened women organizations boldly pinpoint those forces as well which are culpable for presenting women as no less than commodities, and the dealers of the vices. In this, one is skeptical whether we can turn to the media with hope, or with doubt! Because, very absurdly, the definition of “good life” and its values have now been willfully distorted and redefined to suit the situation, plans and programs such that they would help further the agendas of that forces which rule the roost.

Stop the Terror of Rape.
Stop the Terror of Rape.

Anyway, whether one agrees or disagree, disinfecting/detoxing the “mindset” of the society is the only pathway to the sane society which we are now crying for. The healthy thought, healthy attitude, healthy acts can only toll the death knell for any kind of rapes or any kind of depravity.

Salil Gewali is a well-known writer and author of ‘Great minds on India’. Twitter: @SGewali

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