On January 17, 2025, the International Monetary Fund (IMF) released its World Economic Outlook (WEO) update, titled “Global Growth: Divergent and Uncertain.” The report projects global growth at 3.3% for both 2025 and 2026, which is below the historical average of 3.7% from 2000 to 2019. The 202...
The daily fluctuations in the exchange rate of the Indian rupee against the dollar have kept the media busy, with many analyses trying to determine the reasons behind its depreciation. It is true that the rupee has been losing value month after month throughout 2024, but the overall decline has been...
India's GDP growth rate forecast for FY25 has recently been revised downwards by several institutions, reflecting a broader economic slowdown. Various challenges, both domestic and global, have contributed to this downshift, including reduced corporate profitability, public capital expenditure const...
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...
