1. Mauritius is in an economic boom (2024). His justification in August 2025 is that we've clipped growth rates higher than 5% for the preceding three years. The only reason we've clipped these growth rates is, as the following chart pulled from WTVF shows, that the economy has been rebounding from the nearly 15% contraction caused by Covid in 2020. We should also note that Mauritius has been one of the last countries in the world to get back to its pre-Covid levels of activity.
Showing posts with label Basant Roi. Show all posts
Showing posts with label Basant Roi. Show all posts
Sunday, August 10, 2025
Wednesday, January 04, 2017
An Inquiry into the Wealth of Two Tigers
What If
Let us assume for one second that Singapore had kept the value of her currency against one USD at its average rate of 2.2002 for 1985. Not a bad objective as combined with positive growth rates generated by adjustments in the real economy her people would have felt a lot richer when going abroad for holidays or to grab companies and ideas to move forward as a nation. If she had kept the value of her currency constant at that level then at the end of 2015 her GDP per capita would have been $33,047. Quite a number don't you think?Monday, June 27, 2016
Why Mauritius Need Not Worry About Brexit
Because we got far more important issues here to worry about. Here are a few.
1. A Minister wants to sell the CWA because he's not happy with its hotline. Now, if this is not a cause for worry and a reason for ministerial resignation, an urgent Cabinet reshuffle, a referendum or all three I wonder what is. Another Minister wants to sell the CHCL. That's totally inappropriate. Talks with DP World have to be immediately called off. We can keep on nicely developing our port by ourselves -- CHCL has invested nearly Rs2 billion over the last ten years. We've got the people and tons of unemployed graduates who should be given many opportunities to push Mauritius forward. For sure we could have done a lot better had Sithanen not messed up our savings rate and economy so badly with the impressive string of failed policies which have accompanied the worst form of trickle-down economics: a flat tax. See, he promised robust growth rates of 8% back in 2005 if we lowered top taxes. As the chart illustrates we not only never got anything higher than 6% during the past 10 years but 60% of those rates were under 4%. This has, as expected, caused our government to run out of money for capital projects -- which Badhain keeps repeating -- and pile up a lot of debt. Making us a lot more vulnerable at the same time.
1. A Minister wants to sell the CWA because he's not happy with its hotline. Now, if this is not a cause for worry and a reason for ministerial resignation, an urgent Cabinet reshuffle, a referendum or all three I wonder what is. Another Minister wants to sell the CHCL. That's totally inappropriate. Talks with DP World have to be immediately called off. We can keep on nicely developing our port by ourselves -- CHCL has invested nearly Rs2 billion over the last ten years. We've got the people and tons of unemployed graduates who should be given many opportunities to push Mauritius forward. For sure we could have done a lot better had Sithanen not messed up our savings rate and economy so badly with the impressive string of failed policies which have accompanied the worst form of trickle-down economics: a flat tax. See, he promised robust growth rates of 8% back in 2005 if we lowered top taxes. As the chart illustrates we not only never got anything higher than 6% during the past 10 years but 60% of those rates were under 4%. This has, as expected, caused our government to run out of money for capital projects -- which Badhain keeps repeating -- and pile up a lot of debt. Making us a lot more vulnerable at the same time.
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