Why Implementing Lalit's Advice Makes A Lot of Sense

You know, the one that recommends bizin plant manze lor later tablisman. This is good advice any which way you look at it. Let's start with a historical perspective. As Chart 1 shows you don't need to be the best thing since sliced bread to understand that the sugar industry has been in an irreversible sunset phase for a long time. It accounted for close to a quarter of GDP forty years ago. Now at less than 1% it's about twenty-five times smaller. That too despite the silly policy of 'competitive depreciation' aka politik rupi mari feb. We can even calculate the approximate time it will hit the zero mark. That should definitely inform our national strategic decisions. Keeping a corpse on costly artificial respiration many years after the soul has departed ain't exactly a smart decision especially when at the same time you cut the oxygen supply of incubators. We can keep a 100 hectares as a souvenir. At most.

Mauritius Doesn't Need the Metro Express to Go Bankrupt

Because the Sithanen flat tax has been taking care of that. In quite a splendid manner actually. As we've pointed out recently the associated toohrooh has already reached a trillion rupees. Which is equivalent to several years of GDP. Anybody who has studied up to at least Form III understands that continually growing at less than 4% -- that too in depreciated rupee terms -- instead of the 8% you promised will land you in very deep trouble pretty quickly.

We've seen our PM make a surprising visit to India before presenting his budget. The implementation rate in the public sector has slowed down. If the Metro Leger has been replaced by a watered-down version it's not because we have so much money that we don't know what to do with it. A special purpose vehicle has appeared and the debt ceiling will be amended. What do all these signs tell us?