Stocks soared following the election of Donald Trump as the 47th President of the United States. Investors anticipated that the Information Technology (IT) sector would benefit from lower corporate taxes under the Republican regime, with IT stocks leading the rally.Continuing its upward momentum int...
The Royal Swedish Academy of Sciences has awarded the 2024 Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel to three US-based economists—Daron Acemoglu, Simon Johnson, and James A. Robinson—”for their studies on how institutions are formed and affect prosperity.” The No...
The recent Memorandum of Understanding (MoU) between India and the United States on critical battery minerals represents more than just a bilateral agreement; it signals a deeper alignment between the two nations in their pursuit of sustainable energy solutions.For both countries, this is a strategi...
The latest UK budget represents a departure from previous fiscal documents. In a strategic move, it introduces increased taxes, higher borrowing, and ambitious spending plans.The budget aims to address a sluggish economy through active government intervention, focusing on three key goals: stabilizin...
For over a year, the Reserve Bank of India (RBI) has taken a firm stance against inflation, raising interest rates by 250 basis points between May 2022 and February 2023 in response to post-pandemic price pressures.The RBI’s recent decision to maintain the key interest rate at 6.50% while ad...
The World Bank has revised its growth forecast for the Indian economy, raising it from an earlier projection of 6.6% to 7% for the current financial year. This upward revision reflects expectations of a strong economic performance, driven by key factors such as private consumption and investment.The...
India faces a significant challenge in job creation, even as it holds the title of the fastest-growing major economy. To meet the growing demand for employment, the focus must shift to sectors that can absorb large numbers of workers.Labor-intensive exports are crucial in this context. Industries li...
As the U.S. presidential elections draw closer, the economic performance of President Joe Biden and his predecessor, Donald Trump, has come under scrutiny. Both leaders have faced unprecedented challenges that have significantly impacted their economic policies and outcomes.In a world still recoveri...
India faced a nine-month high trade deficit in July, amounting to $23.5 billion, highlighting deeper structural issues within the economy. This serves as a reminder of the challenges India faces in balancing its trade equations. While it is not uncommon for a developing country to experience a ...
In July, the U.S. Consumer Price Index (CPI) rose by a modest 0.2%, while the year-on-year increase fell to 2.9%, the lowest since 2021. This development marks a crucial moment for the U.S. Federal Reserve as it must carefully balance the optimism of easing inflation with ongoing challenges that cou...
