The Economic Times

Synopsis In this column, let me highlight one danger signal most others have ignored. This is the sharp fall in commodity prices in recent months, something that often, though not always, precedes a recession. It certainly indicates falling demand and

Synopsis Radical changes are unavoidable for a bankrupt country, as India was in 1991. But not for a country averaging 6.5-7.0% GDP ‘miracle’ growth for two decades, through serious crises like the Great Recession and Covid. When you are faring

Synopsis Nirmala Sitharaman’s budget, benefiting from 8.2% GDP growth, cuts the fiscal deficit, boosts infrastructure, and adjusts import duties. It raises long-term capital gains tax, abolishes angel tax, and includes corporate tax cuts, employment incentives, state funding, income tax standard

Synopsis The Economic Survey 2023-24 forecasts 6.5-7% GDP growth, citing last year’s 8.2%. It highlights manufacturing growth, inflation control, pre-Covid consumption, AI job threats, global economic fragmentation, geopolitical shocks, carbon emissions, and retail participation. MNREGS uptake impacts noted. Stock markets

Synopsis With BJP’s preference for stability post-election and global acclaim for past performance, major shifts are unlikely to happen in this budget. Focus would remain on fiscal discipline despite regional challenges and demands from NDA allies. Expect nominal adjustments in

A zillion criticisms of capitalism have come from the Left. But an increasing number are now coming from the Right. They come out with a ringing cry, ‘Joseph Schumpeter, where are you? We need you.’ Schumpeterians long for the churn of