The Case for India
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Despite improvements, it's still not an easy place to make, market and sell. One thing Indian officials are keen to do is diversify trade routes, and get more ships headed to the world's biggest ports, like Los Angeles, Rotterdam, and Chongqing. Instead, the logistics and shipping companies that serve India have niches carved out in smaller markets. One area of concern for Indian trade officials is that it's not making the most of its proximity to China, the world's other billion-people-plus consumer market. India's largest exports to China last year were cotton, iron ore and organic chemicals.
Shipments last year fell for the fifth year in a row. Gold and precious stones are part of the country's culture, traded among hundreds of thousands of small jewelry stores. It's also a key trading hub, a stopping off point in the slow migration of gold from West to East. India is one of the world's biggest agricultural producers, and its officials are looking at stimulating exports of rice, sugarcane and cotton. Other promising areas of export growth are silk, groundnuts, pharmaceuticals, and electronics.
To be sure, it's possible that trade in services not goods will be India's calling card in the global economy. What topic would you like the Trade Numerologist to cover?
The bonds issued primarily for deficit financing and the bank recapitalizations, under the "Indradhanush Scheme" may lead to a demand-supply mismatch and hence low bond prices. The build up towards a rate hike is however real and the MPC is hinting. The situation is uncomfortably leading to a front loading of interest rates and the MPC may have to oblige with a tightening cycle sooner than later. It would have surely helped if the MPC raised policy rates earlier, sensing the market reactions and potential threats from American yields. Rising rates is almost a done deal now.
The move will be nonetheless detrimental to investor confidence and lead to volatility at a wrong time. A hard landing for India as taper tantrums are appearing more realistic than ever. Numbers, based on a zero-coupon yield curve. As an economist and financial journalist, I have over a decade of experience in covering emerging markets. Share to facebook Share to twitter Share to linkedin. Numbers, based on a zero-coupon yield curve Karan Mehrishi.
The Case for India Will Durant p History English
Read More. The Durants strove throughout The Story of Civilization to create what they called "integral history. Much of The Story considers the living conditions of everyday people throughout the year period that their "story" of the West covers. They also bring an unabashedly moral framework to their accounts, constantly stressing the "dominance of strong over the weak, the clever over the simple. In the s, an unabridged audiobook production of all 11 volumes was produced by Books On Tape read by Alexander Adams Grover Gardner. In , it was followed by one of the two highest awards granted by the United States government to civilians, the Presidential Medal of Freedom , awarded by Gerald Ford.
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The first volume of The Story of Civilization series, called Our Oriental Heritage , is divided into an introduction and three books. The introduction takes the reader through the different aspects of civilization economical, political, moral and mental.
Book two is " India and Her Neighbors. On April 8, , Durant was approached by two leaders of the Jewish and Christian faiths, Meyer David and Christian Richard about starting "a movement, to raise moral standards. Throughout his career, Durant made several speeches, including "Persia in the History of Civilization", which was presented as an address before the Iran-America Society in Tehran , Iran , on April 21, and had been intended for inclusion in the Bulletin of the Asia Institute formerly, Bulletin of the American Institute for Persian , then Iranian, Art and Archaeology , Vol.
VII, no. Rousseau and Revolution was followed by a slender volume of observations called The Lessons of History , which was both a synopsis of the series as well as analysis.
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Though Ariel and Will had intended to carry the work on The Story of Civilisation into the 20th century, at their now very advanced age they expected the 10th volume to be their last. However, they went on to publish a final volume, their 11th, The Age of Napoleon in They also left behind notes for a 12th volume, The Age of Darwin , and an outline for a 13th, The Age of Einstein , which would have taken The Story of Civilization to The Durants also shared an intense love for one another as explained in their Dual Autobiography.
After Will entered the hospital, Ariel stopped eating, and died on October 25, Though their daughter, Ethel, and grandchildren strove to keep Ariel's death from the ailing Will, he learned of it on the evening news, and died two weeks later, at the age of 96, on November 7, A few years after the books were published, social commentator Will Rogers had read them and described a symposium he had attended that included Durant as one of the contributors.
The Case for India by Durant Will
He later wrote of Durant, "He is just about our best writer on Russia. He is the most fearless writer that has been there. He tells you just what it's like. He makes a mighty fine talk. One of the most interesting lecturers we have, and a fine fellow. He was so taken aback by the devastating poverty and starvation he saw as result of British imperial policy in India that he took time off from his stated goal and instead concentrated on his polemic fiercely advocating Indian independence.
He wrote about medieval India, "The Islamic conquest of India is probably the bloodiest story in history. It is a discouraging tale, for its evident moral is that civilization is a precious good, whose delicate complex of order and freedom, culture and peace, can at any moment be overthrown by barbarians invading from without or multiplying within.
Durant fought for equal wages, women's suffrage and fairer working conditions for the American labor force. Durant not only wrote on many topics but also put his ideas into effect. Durant, it has been said widely, attempted to bring philosophy to the common man.
He was trying to improve understanding of viewpoints of human beings and to have others forgive foibles and human waywardness. He chided the comfortable insularity of what is now known as Eurocentrism by pointing out in Our Oriental Heritage that Europe was only "a jagged promontory of Asia".
The Case for India by Will Durant – Book Review
He complained of "the provincialism of our traditional histories which began with Greece and summed up Asia in a line" and said they showed "a possibly fatal error of perspective and intelligence". Much like Oswald Spengler , he saw the decline of a civilization as a culmination of strife between religion and secular intellectualism, thus toppling the precarious institutions of convention and morality:. Hence a certain tension between religion and society marks the higher stages of every civilization.
Religion begins by offering magical aid to harassed and bewildered men; it culminates by giving to a people that unity of morals and belief which seems so favorable to statesmanship and art; it ends by fighting suicidally in the lost cause of the past. For as knowledge grows or alters continually, it clashes with mythology and theology, which change with geological leisureliness.
Priestly control of arts and letters is then felt as a galling shackle or hateful barrier, and intellectual history takes on the character of a "conflict between science and religion.