The news on the external sector of India’s economy, as we enter the new year is not favourable. 2023 began with challenges. They stem from both global and domestic factors. The World Trade Organization (WTO) has revised downwards its previous global trade growth forecast from 3.4% to 1%. Interest ...
The United States (US), the world’s largest economy, with an annual output of $ 23 trillionand a per capita income of $ 62,000 and India, an emerging market economy (EME) with theannual output of $3.12 trillion and per capita income of $1961 finally seemed to have metwith some measure of success i...
Finally on March 16, 2022, the United States (US) Federal Reserve (the Fed) did what it was expected to do. Since the summer of 2021, the central bank of the world’s richest economy dismissed the signs of upward pressures on wages, rents and food prices as transitory. So did the Reserve Bank of In...
April is the month when the International Monetary Fund (190-member countries) and the World Bank (189-member countries) undertake the first of the two biannual reviews of world economy, which are discussed at their meetings held in Washington. The next bi-annual meeting with the second review...
As widely expected, the Reserve Bank of India (RBI) cut the policy rate on August 7, 2019 to make the economy move and grow once again. Policy rate is the rate around which all interest rates, both bank lending and deposit rate, revolve.The purpose of the central bank’s cut in policy rate is to si...
