Praxeology: My Reflexions on India

Covid-19 pandemic lock down has devastated the Indian economy. People were expecting the present BJP government to come out and announce some policy that will help the economy come out of this greater depression. Indian prime minister Mr. Narendra Modi few days back announced his new policy of making India a self reliant (Atmanirbhar) country. He said, I see people thinking kaash (I wish) we were self-reliant in medical equipment, I wish we were self-reliant in manufacturing PPE kits, I wish we were self-reliant in defense production, I wish we were self-reliant in manufacturing all that we buy or consume. I see countless such kaash in Indians today. The solution to all this can only come from atma nirbhar Bharat (self-reliant India). Is he right? Should India become self reliant and will doing so make it a super power of 21st century? I examine this policy of Atmanirbhar (Self Reliant) India in my latest economic report.

Praxeology   is a science of human action where we logically spin out all the laws of human action starting from an   a priori   axiom of human action which is apodictic in nature i.e., necessarily true. In this article I am going to use praxeology to understand and then deduce some of the possible outcomes of the on-going border tension between Indian and Chinese nation states. Couple of days ago on the Ladakh border front there was a violent clash between Indian and Chinese troops and now it has been revealed that total   20 Indian soldiers have died   in this skirmish and many more Indian soldiers are likely POW (Prisoners of War) in Chinese prisons. Not only this, terrorist activities in Kashmir valley has significantly increased in recent months and daily   one or two Indian soldiers    and   civilians   are dying there. As if border tension with Pakistan and China was not enough even neighboring Nepal state is now becoming aggressive against India and recently their border poli

I was recently interviewed by Mr. Yohan Tengra of   Anarchy for Freedom India   to discuss the economic fallout of the Covid-19 lock down that the Indian government has imposed since last couple of months. We discussed the following topics: Economic condition of India before the lock down, The main factors responsible for our misery,   The impact of post lock down measures, Problems with Atmanirbhar Bharat & protectionist policies, Don’t blame MNCs, blame the state, Impact of bailout packages on the Indian economy, Risking hyperinflation, Perspectives on India’s labor laws, Is Bill gates really powerful? and What you can do to secure your wealth & future.