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By:

Bhalchandra Chorghade

11 August 2025 at 1:54:18 pm

Applause for Cricket, Silence for Badminton

Mumbai: When Lakshya Sen walked off the court after the final of the All England Badminton Championships, he carried with him the disappointment of another near miss. The Indian shuttler went down in straight games to Lin Chun-Yi, who created history by becoming the first player from Chinese Taipei to lift the prestigious title. But the story of Lakshya Sen’s defeat is not merely about badminton final. It is also about the contrasting way India celebrates its sporting heroes. Had the same...

Applause for Cricket, Silence for Badminton

Mumbai: When Lakshya Sen walked off the court after the final of the All England Badminton Championships, he carried with him the disappointment of another near miss. The Indian shuttler went down in straight games to Lin Chun-Yi, who created history by becoming the first player from Chinese Taipei to lift the prestigious title. But the story of Lakshya Sen’s defeat is not merely about badminton final. It is also about the contrasting way India celebrates its sporting heroes. Had the same narrative unfolded on a cricket field, the reaction would have been dramatically different. In cricket, even defeat often becomes a story of heroism. A hard-fought loss by the Indian team can dominate television debates, fill newspaper columns and trend across social media for days. A player who narrowly misses a milestone is still hailed for his fighting spirit. The nation rallies around its cricketers not only in victory but also in defeat. The narrative quickly shifts from the result to the effort -- the resilience shown, the fight put up, the promise of future triumph. This emotional investment is one of the reasons cricket enjoys unparalleled popularity in India. It has built a culture where players become household names and their performances, good or bad, become part of the national conversation. Badminton Fights Contrast that with what happens in sports like badminton. Reaching the final of the All England Championships is a monumental achievement. The tournament is widely considered badminton’s equivalent of Wimbledon in prestige and tradition. Only the very best players manage to reach its final stages, and doing it twice speaks volumes about Lakshya Sen’s ability and consistency. Yet the reaction in India remained largely subdued. There were congratulatory posts, some headlines acknowledging the effort and brief discussions among badminton enthusiasts. But the level of national engagement never quite matched the magnitude of the achievement. In a cricketing context, reaching such a stage would have triggered days of celebration and analysis. In badminton, it often becomes just another sports update. Long Wait India’s wait for an All England champion continues. The last Indian to win the title was Pullela Gopichand in 2001. Before him, Prakash Padukone had scripted history in 1980. These victories remain among the most significant milestones in Indian badminton. And yet, unlike cricketing triumphs that are frequently revisited and celebrated, such achievements rarely stay in the mainstream sporting conversation for long. Lakshya Sen’s journey to the final should ideally have been viewed as a continuation of that legacy, a reminder that India still possesses the talent to challenge the world’s best in badminton. Instead, it risks fading quickly from public memory. Visibility Gap The difference ultimately comes down to visibility and cultural investment. Cricket in India is not merely a sport; it is an ecosystem built over decades through media attention, sponsorship, and mass emotional attachment. Individual sports, on the other hand, often rely on momentary bursts of recognition, usually during Olympic years or when a medal is won. But consistent performers like Lakshya Sen rarely receive the sustained spotlight that their achievements deserve. This disparity can also influence the next generation. Young athletes are naturally drawn to sports where success brings recognition, financial stability and national fame. When one sport monopolises the spotlight, others struggle to build similar appeal. Beyond Result Lakshya Sen may have finished runner-up again, but his performance at the All England Championship is a reminder that India continues to produce world-class athletes in disciplines beyond cricket. The real issue is not that cricket receives immense attention -- it deserves the admiration it gets. The concern is that athletes from other sports often do not receive comparable appreciation for achievements that are equally significant in their own arenas. If India aspires to become a truly global sporting nation, its applause must grow broader. Sporting pride cannot remain confined to one field. Because somewhere on a badminton court, an athlete like Lakshya Sen is fighting just as hard for the country’s colours as any cricketer on a packed stadium pitch. The only difference is how loudly the nation chooses to cheer.

Chasing Trillions and the Mirage of 2047

Updated: Jan 30, 2025

Part 2:

India’s economy is growing, but will it grow fast enough to reach its ambitious targets?

India’s economy

Ahead of the Union Budget 2025, India’s economic outlook remains a mixture of promise and caution, with key indicators pointing to both resilience and areas of concern. To fully grasp the state of India’s economy, one must look beyond the headlines and into the numbers. At its core, Gross Domestic Product (GDP) serves as the most common yardstick, measured in two forms: Nominal GDP, which reflects the total value of goods and services at current prices, and Real GDP, which adjusts for inflation to enable meaningful comparisons over time. While the GDP growth rate usually refers to the latter, the size of the economy is expressed in terms of the former.


After an impressive GDP growth of 8.2 percent in FY 2023-24, India’s economy slowed to roughly 6 percent in the first half of the current fiscal year. Opposition parties have been quick to seize on the downturn, but the broader context is less grim. The OECD’s December 2024 outlook pegged global growth at 3.2 percent, with India projected to expand by 6.8 percent in FY 2024-25 - more than double the pace of developed economies, which are expected to grow at a mere 3 percent. By that measure, India’s resilience is undeniable.


Digging deeper into the components, Private Final Consumption Expenditure (PFCE) grew by 6.7 percent in the first half of FY 2024-25, bolstered by robust rural demand even as urban consumption softened. Meanwhile, Gross Fixed Capital Formation (GFCF), which represents investment in fixed assets, expanded by 6.4 percent in the same period. However, GFCF growth faltered in the second quarter due to a slowdown in government capital expenditure and a cautious private sector wary of election-related uncertainty, geopolitical risks, excess industrial capacity, and the threat of cheap imports flooding the market. The tremors were felt in lacklustre corporate earnings, which in turn dragged down stock indices.


Government Final Consumption Expenditure (GFCE), after contracting in the first quarter, rebounded with 4.1 percent growth in the second. The election-induced slowdown in public spending was inevitable, as the Model Code of Conduct put a temporary freeze on policy decisions. By August 2024, with a new government in place and a fresh budget passed, the wheels of expenditure began turning again. Public investment, particularly in infrastructure, is a crucial driver of economic momentum, and its revival could well determine the trajectory of the coming quarters.


Trade figures presented a mixed picture. Merchandise exports grew a modest 1 percent, driven by non-oil shipments, while merchandise imports climbed 6.2 percent, with non-oil, non-gold/silver imports rising by 3.9 percent. A $0.5 billion current account surplus in Q1 turned into a $21.4 billion deficit by Q2, reflecting a widening trade imbalance that weighed on GDP growth.


The third quarter, however, was marked by a buoyant festive season and an uptick in government spending. Large capital-intensive firms saw their order books swell by 23 percent in FY 2024, far outpacing the compound annual growth rate of 5 percent seen in previous years. As these projects move from planning to execution, industrial activity is already showing signs of revival, setting the stage for stronger numbers in the second half of the fiscal year.


By sheer scale, the Indian economy remains formidable. In the first half of FY 2024-25, its nominal GDP stood at Rs. 153.91 lakh crores—approximately $1.8 trillion. Projections from the Ministry of Statistics and Programme Implementation estimate nominal GDP for the full fiscal year at Rs. 324.11 lakh crores, or roughly $3.8 trillion. Yet, for all the talk of economic milestones, the dream of a $5 trillion economy, championed by Prime Minister Narendra Modi, remains just that - a dream, at least for now. Even breaching the $4 trillion mark by 2025 appears increasingly unlikely.


Beyond sheer numbers, the bigger challenge lies in India’s long-term goal: achieving ‘Vikasit Bharat’ - developed nation status by 2047. One benchmark for this transformation is a per capita GDP between $12,000 and $15,000. India’s current figure? $2,939 in FY 2025. To meet the 2047 target, annual growth must sustain a minimum 6.5 percent trajectory. So far, the economy is holding steady but will it be enough? The next wave of high-frequency indicators may provide the answer.


(The author is a Chartered Accountant and works at Authomotive Division of Mahindra and Mahindra Limited. Views personal.)

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