The Reserve Bank of India’s (RBI) Monetary Policy Committee (MPC) is set to meet from February 5-7 to decide whether to change or continue the current Repo rate at 6.50%. This rate, which was introduced in April 2023 as part of anti-inflationary measures, has been a topic of debate. In N...
The report also highlights state-specific challenges and areas for improvement. This article briefly discusses the report and analyzes its findings on Tamil Nadu and West Bengal.On January 24, 2025, NITI Aayog launched the inaugural issue of its “Fiscal Health Index (FHI) 2025.” The report offer...
Three economists—Daron Acemoglu, Simon Johnson, and James A. Robinson—who were awarded the 2024 Nobel Prize in Economic Sciences, argue that the effectiveness of institutions that uphold the rule of law, protect individual rights, and ensure broad participation in the economy is essential for su...
As 2025 begins, it’s heartening to read some good, optimistic news. According to the latest monthly report from the Ministry of Finance (MoF), the Indian economy is projected to grow by 6.5% in the fiscal year (FY) 2025, compared to 8.1% in FY 2024. The report notes that the Reserve Bank of India...
The past few months have presented a mixed outlook for India’s economy. On the positive side, the country saw record-high remittances, substantial increases in direct tax collections, significant growth in the alternative assets market, and a reduction in the fiscal deficit compared to the previou...
Bitcoin has surpassed the $100,000 mark, marking a significant milestone in the history of cryptocurrencies. This achievement highlights its growing acceptance as a legitimate asset class.Once dismissed as an experiment by a small group of technologists, Bitcoin has evolved significantly, now captur...
The growth of digital payments in India has been significant, especially since the demonetization drive in November 2016. According to the Payment and Settlement Act of 2007, a digital payment refers to any “electronic fund transfer” initiated by a person through authorization or instructions to...
On November 29, 2024, the Ministry of Statistics and Programme Implementation (MoSPI) released the Quarterly Estimates of Gross Domestic Product (GDP) for the second quarter (Q2) of the financial year (FY) 2024-25. The latest economic data reveals a decline in GDP for the third consecutive quarter, ...
On October 24, 2024, the International Monetary Fund (IMF) released its Fiscal Monitor report, revealing concerning projections about the state of global public debt. According to the report, global public debt is at an elevated and unsustainable level, with total debt expected to exc...
One of the key economic factors contributing to the Democrats’ loss in the US elections was the significant rise in inflation, which was initially triggered by the COVID-19 pandemic and exacerbated by the Russia-Ukraine war. The role of inflation in electoral outcomes is not a new phenomenon; infl...
