Praxeology: My Reflexions on India

I have recently started reading John Keay's India: A History From the Earliest Civilizations to the Boom of the Twenty First Century published by the Harper Press. What I want to do in this write-up is to do a live review of this book as I go on reading it. This blog will continue to update as I read one chapter after another reviewing them in succession. I will present my own analysis and comments in the following paragraphs as well as reproducing choicest excerpts from the book, especially the ones which are more relevant for today's India and the kind of issues that are discussed in present time e.g., Nationalism under Modi government. When I was reading the first chapter The Harappan World , one thing struck me hard is the fact, which anyone who has studied the Indian history deeply knows well, that this country, which is generally called India, was historically never a one country. The present political form of this country as one geographic territory is a phenome...

Yesterday the prime minister of India, Narendra Modi, spoke at a financial inclusion conference organized as part of RBI’s 80th anniversary celebrations. The kind of advise he was giving to the central banker of India, Raghuram Rajan, shows a sign of the kind of troubles that are coming in future for the Indian economy. The height of hubris with politicians is that they always think as if they are knowledgeable about everything; as if they are omniscient. They want to impose their own faulty ideas on the whole country. This is especially true with Narendra Modi. Since coming to power last year, he is constantly pushing the whole nation in a direction which he thinks is right for this country. He is driving everyone crazy to fulfill his personal dreams like Swaccha Bharat or Make in India. He did the very same thing yesterday also in his speech by directing RBI and commercial banks to do bidding for his own personal dreams. I analyze some of his agendas for the banks below. 1. Banks...