Since the advent of social media, all the so-called reputed global media houses have been exposed thoroughly for their biased western mentality. They have lost their credibility for relentlessly pushing their spurious agenda and anti-India pieces. The infamous propaganda outlet tried an image makeover and present itself as an acclaimed media. However, the rise of Indian economy seems to be a hard pill to swallow for the American outlet. It has partially accepted the truth but has tried to covertly peddled its agenda along with it.
India cynic New York Times “praises” India’s economic surge
The American media outlet, New York Times is notorious for carrying out doomsday prophecies for India. It is one of the torchbearers of global leftist propaganda that incessantly pedals anti-India agenda to massage its ego. However, it has slightly peeked out of its imperial lenses and grudgingly accepted the fact that only India is registering sharp economic rise as compared to major global economies.
It has published an article, titled as “Big economies from America to China are at a standstill, but not India.” In the article it has reluctantly admitted that at a time when the economies of the so-called superpowers America and China are gripped with worries of recession, India has emerged as a remarkable exception. It is important to note that India recently registered one of the highest quarterly economic growths ever. It grew at a rapid pace of 13.5% in the first quarter of FY 23 (April-June).
Also Read: What led to a stupendous 13.6 per cent GDP growth rate in India
The NYT article highlighted that global economic growth is slowing down sharply. The global economy has been severely affected by the Ukraine-Russia war, rising energy prices and COVID-19 lockdowns in China.
Further it added that the Indian government has estimated a growth rate of more than 7 percent this year, which is twice the global growth estimates. Contrary to that, the global economy is predicted to grow at a sluggish pace of 2.9 percent, as per World Bank data. The IMF has projected that the US economy will grow at 2.3 percent this year and meagre 1 percent next year. For China, the IMF has given a projection of 3.3 percent this year which is the lowest in the four decades preceding the pandemic.
Also Read: GDP Ranking: India can realistically beat Germany by 2027 and Japan by 2029
It attributed the government initiatives for India’s salient progress. It stated, “But perhaps most important has been a suite of government policies, including increased public investment, relief to debtors, and credit guarantees to small and medium-size firms hit hardest by the pandemic.”
It also highlighted India’s effective controlling of Inflation stating, “Policy interventions have kept inflation, which has historically been high in India, relatively in check. And purchases of discounted oil from Russia, against the wishes of the United States and Europe, have helped buffer rising global energy prices.”
It added, “Beyond managing demand, the government tried to simplify procurement processes, introduced production incentives and improved the availability of credit to small businesses.”
However, it also took pot-shots at India. It stated, “Hundreds of millions of Indians still depend on government rations and are vulnerable to any shock.” It also mocked that although India has overtaken the United Kingdom as the world’s fifth largest economy, it has more people to feed that UK. The outlet forget to mention how the UK had plundered India for centuries. The Brits built its economy at the foundation of wealth from India. The least to say about its retarded policies after the Brexit row.
NYT’s sharp U-turn on India’s COVID-19 handling
All the global media houses ran amuck against Indian vaccines and kept lobbying for costly and ineffective Pfizer vaccine. It had predicted that COVID-19 will wreak havoc in India and the nation is doing everything wrong. Interestingly, it has now turned on its head. In its article, NYT has praised India’s COVID-19 management and inoculation.
Also Read: Here is how India’s GDP growth rate compares with developed and developing world
It stated, “Still, India remains a bright spot globally, lifted by a rebound in consumption and investment that was jump-started by a huge COVID-19 vaccination campaign that relied on the country’s capacity as the world’s largest manufacturer of vaccines.”
Also Read: How India’s resilient economy is boosting India’s manufacturing capability
This article is not a change of heart at all rather a screwed business strategy to get acceptance by quoting a few obviouses. It is trying to build back its reputation and champion journalism with half baked truth. However, all their pieces, prophecies and sermons hold the same value as a demonetised Rs 1000 note. So, they should focus their energy to lecture US so that it can replicate some of the strategies that India adopted during and after COVID-19 pandemic to register a strong growth despite recession looming all over the world.
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