In my column for Hindustan Times, I argue that while the government may not want to condemn the attack on Iran, it could still allow Parliament to condemn the violation of Iran's territorial integrity.
Many of us want New Delhi to take a clear and firm diplomatic stance on the war against Iran.
This assumes that clarity is a virtue in foreign policy. But, is it?
“The more you understand this world, the more you destroy yourself. That's why fools are happy, and intelligent people live in loneliness.”
- Fyodor Dostoevsky
The Dunning-Kruger effect is a cognitive bias in which people with limited knowledge or competence in a specific area greatly overestimate their own abilities. Conversely, highly skilled individuals often underestimate their relative competence, assuming tasks that are easy for them are similarly easy for others.
Imperial war.
Imperialist terror.
Deccan Herald and The Hindu editorials today. Mincing no words. Taking a strong stand against the Us-Israel strikes on Iran. Calling it what it is. Must read.
Luqman عليه السلام said,
"How did you become so wise?"
He replied:
"I do not ask for what I don't need, and I don't speak about what doesn't concern me."
~The Manners of the Knowledge Seeker, p. 38
Re: the recent news about IMF's 'C' grade rating for Indian GDP statistics
First of all, the full PDF copy of the concerned country report from IMF is available on the IMF website, so you can verify the relevant facts & claims yourself.
The report has multiple annexures, one of them is about data adequacy. You can see the tabular assessment on page 113 of the main report, as attached below for easy reference.
India scores quite decent (B) on overall statistics. The key areas of concern are the coverage & frequency of economic data. To simplify it, the C grade is there because India, being a humongous country in population & size, has limited public statistical resources, which makes it harder to fully cover the economy end to end.
As the report points out, India needs better coverage & frequency in the informal sector of its economy. It also notes the steps the authorities & public statistical bodies are taking to address these concerns.
This issue is typical to populous countries like India & China. You'll see a similar C rating in the data adequacy report on China as well.
So, it's absolutely not the case that India is massively overreporting GDP growth. IMF's own forecast on Indian GDP growth in the same report puts it in the position of the fastest growing major economy.
IMF has rightly pointed out the issues of data adequacy in terms of coverage & frequency, especially about the informal sector. Furthermore, it's also quite likely that such better coverage will further increase the GDP growth figure we are seeing now! Because India is yet to fully compute its informal economy with a desirable frequency of surveys.
Hope this clears things up about this whole IMF C grade rating news cycle! You can access the full report on the IMF website, I am providing a link in the comment section for easier reference...
[ #india #economy #gdp #IMF ]
The Prophet (ﷺ) said, "Ihsan is to worship Allah as if you see Him, and if you do not achieve this state of devotion, then (take it for granted that) Allah sees you."
“No one forgives another except that Allah increases his honor, and no one humbles himself for the sake of Allah except that Allah raises his status.”
— Prophet Muhammad ﷺ | Sahih Muslim 2588