04 August, 2021

“Ban On Beef, Books, NGOs...This Is A Government Of Bans”

Mumbaikars discuss Modi's government of bans and the progressively going down happiness quotient.

Apoorva Salkade
“Ban On Beef, Books, NGOs...This Is A Government Of Bans”

There are three things that everyone agrees upon instantly—first, it’s too hot to sit outside on Marine Drive and so we settle in the air-conditioned section with a view of the Arabian Sea; second, on the feverish rate of Modi government’s big announcements and finally that one year is too early to judge how damaging or uplifting the Modi government will turn out to be. 

“The market is definitely bullish but the industry is watching. India’s market cap increased by 1.6 times in the last 12 mon­ths, outperforming its emerging market (EM) peers except China. In the last 12 months, world market cap increased by US $8.5 trillion, of which India contributed 4 per cent. FIIs invested $18.1 bn in FY’15, higher than the $13.7 bn in FY’14. FIIs’ share in India is at all-time high of 51 per cent,” says Nimish Ashar, an independent financial advisor, cautioning about a weak monsoon and pending bills, such as the ones on black money and land acquisition, in Parliament.

The sentiment strengthens when it comes to...

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