Saturday, August 8, 2020
Home Opinions After Moody's rating upgrade, 'Liberals' might need a shoulder to cry on

After Moody’s rating upgrade, ‘Liberals’ might need a shoulder to cry on

Hug a liberal. Because they are having a bad day.

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After that, don’t forget to show them this headline, but make sure you give them a shoulder to cry on.

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And finally, make sure you head out to the stock market and enjoy the party. Also assure your liberal friend(s) that you will not judge them if they also want to invest and make some money in the Indian growth story being created by Narendra Damodardas Modi.

A few weeks ago, when India jumped 30 places in the World Bank’s ease of doing business to break into the top 100, I had made this simple chart to explain the development to left liberals who were having difficulty reading the writing on the wall.

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Today, with India receiving its first sovereign ratings upgrade in fourteen years, I thought I should make another simple graphic to explain the situation.

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Yes, as the BJP used to say back in the day, Lakshmi comes to us sitting on the lotus. If that causes heartburn in some quarters, so be it.

This sovereign rating upgrade is the latest (and by far the biggest) in a series of disasters for the left liberal brigade that had recently taken to spreading malicious propaganda against the state of the Indian economy. Most of the liberal luminaries who had been shedding tears were the same who had benefitted the most from the (near) Communist Indian economy until the 90s. But back then, the system was working well for them and only for them. During the UPA years, things worked even better for them. As one NDTV anchor would have said, “Baagon mein bahaar thi.”

With the demonetisation and GST causing hiccups in the Indian economy, these classes had begun dreaming again of ‘Achche Din’. These are the people who will be most disappointed to read what Moody’s has to say while explaining its reasoning behind the ratings upgrade.

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Yes, it is almost like the transformation of India from a crony system to a formalized, rule based economy is good news for the country. And bad news for the cronies.

So, we have India, with its sovereign ratings upgrade from Moody’s for the first time in 14 years. We have India jumping 30 places in the World Bank’s ease of doing business index. And IMF boss Christine Lagarde delivering an epic smackdown to an NDTV reporter who was clearly fishing for an anti-Modi headline.

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Moody’s, the World Bank and the IMF. So, who is left? And more importantly, who is right?

It’s only yesterday that liberals were giving out health warnings when the globally respected Pew Research Center published its findings that showed Narendra Modi more popular than ever. Today, left liberals might get some more of that annoying acid reflux.

In all likelihood, liberals will need words of encouragement from an authority figure who knows more about economics than Moody’s, IMF and World Bank combined. Wait until Pidi shows what he can do with a treat.

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Abhishek Banerjeehttps://dynastycrooks.wordpress.com/
Abhishek Banerjee is a math lover who may or may not be an Associate Professor at IISc Bangalore. He is the author of Operation Johar - A Love Story, a novel on the pain of left wing terror in Jharkhand, available on Amazon here.  

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