Kenneth S. Rogoff, famous Harvard economist and former chief economist at the IMF, in a recent interview (ET, October, 14, 2022) stated that the recent policy of tightening monetary policies would hurt the global economy and may even lead to global recession. He believes that in this situation, prov...
In the first part of the article last month, we traversed the milestones in India’s march towards economic growth and developmentsince 1947. We covered a period of four decades up to the end of 1980s, including the tumultuous period of imposition of theinfamous emergency in India and eventual rest...
A class of politicians has veiled an attack against political opponents of the ruling party by saying that they are promising ‘freebies’ (revdi) in exchange for electoral votes. The controversy sparked up, when in mid-July Prime Minister Narendra Modi after inaugurating the Bundelkhand Expresswa...
The US Dollar has seen a near-continuous rise since May2021, growing from 0.82 to almost 1 against the Euro,0.71 to 0.84 against the Pound Sterling, and 108 to 137 againstthe Yen. As the primary reserve currency for internationaltrade, the US Dollar holds significant sway over the globalmonetary sys...
There is English saying “A Banker Lends Umbrella When It’s Sunny and Wants it Back When Rains”. Banks gives loan rather in race when an enterprise is doing well / making profits. It call backs the loan when it is in loss. Banks do not make proper analysis of the potential of the industry, hist...
The Governor of the Reserve Bank of India (RBI) made an assuring observation last month. He made the statementsoon after his decision on August 5 to shift to a hawkish stance of fighting rising inflationary pressures made during alikely third Black Swan Event (BSE) which is the brewing China-Taiwan ...
wo years ago, when the Covid-19 pandemic gripped the world, developed economies benevolently extended unemployment benefits along with job protection schemes. This was something that John Maynard Keynes had advocated during The Great Depression of 1929 to avoid the ‘paradox of thrift’ i.e., an i...
The digital payment infrastructure in India has leapfrogged to a stupendous height. It all began in the 1990s whenReserve Bank of India (RBI) spearheaded the development of technological infrastructure that facilitated the creation of a payment and settlement ecosystem. In 2007, the Indian parliamen...
The recent monthly economic report of the Indian finance department has indicated that India is facing near-term challenges in maintaining its fiscal deficit, sustaining economic growth, controlling inflation and containing the current account deficit. The report also points out, “Many countries a...
Surging inflation, depreciation of the currency and depletion of India’s foreign exchange reserves are all signs of concerns. All of the above are interconnected. They fall under the category of macroeconomic indicators of the state of the economy. For India, a leading emerging market economy, wit...
