Budget 2022: Highlights Will the ghost of Pranab Mukherjee come back to haunt Nirmala Sitharaman? She has opted for a high fiscal deficit for the third time in a row to keep stimulating an economy still recovering from Covid. This […]
Nirmala Sitharaman is right to gamble on growth. But she should know it’s a gamble Read More »
The Budget has been widely praised for avoiding populist freebies before the coming state elections and focusing instead on a big investment thrust to accelerate economic growth and lift all boats. The black spot is the failure of privatisation this
FM could privatise 1% at a time Read More »
This is, by design, a ‘boring’ Economic Survey. Anybody seeking clues to the budget proposals in the Survey 2021-22 will be disappointed. Having gone through several changes in the last two decades, the Survey has reverted to an earlier avatar
Economic Survey 2021-22: India is ready for strong, agile FY23 Read More »
Global stock markets will suffer a major crash within the next year. There. I\’ve said it without hedging or qualification. I could have said something more cautious like, \’The chances of a stock market crash have increased considerably.\’ Or, \’The
In a market so full of madness, a big global stock market crash is coming Read More »
Aakar Patel, former head of Amnesty International in India, has savaged the seven years of Narendra Modi\’s rule in his latest book, Price of the Modi Years. Backed by considerable research, it has more credibility than other rhetorical denunciations of
A new book on the Modi years mixes actuality with amnesia Read More »
The International Monetary Fund has projected India’s GDP growth at 9.5% in 2021 and 8.5% in 2022, making it the fastest-growing economy in the world. Deepak Parekh of HDFC, doyen of the private sector, says he is more optimistic than
GoI has proposed raising the minimum age of marriage for women from 18 years to 21, the minimum age for men. This supposedly aims to empower women and erode patriarchy, giving girls more time to study and choose their future.
There’s no correlation between female empowerment and age of marriage Read More »
Stock markets have soared to absurd heights this year, and the current correction is no surprise. Fears remain that the downtrend will gather momentum and become a crash. Which factors will most likely produce a crash? Some point to rising
War may not be probable, but geopolitical clouds threaten the world economy Read More »
The World Inequality Report 2022, drafted by French economist Thomas Piketty and his colleague, once again highlights high and growing inequality across countries. It calls for draconian taxes on the super-rich to help the poor and middle class. The authors
Piketty’s super-rich tax is not going to end inequality Read More »
Many countries, especially in Europe, have started locking down their economies again to combat a resurgence of Covid-19. A new Covid strain out of South Africa, Omicron appears to be particularly virulent, and some countries are banning flights from Africa.
The biggest mistake India can make in fighting Omicron is imposing another lockdown Read More »
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