The World Bank has brought down India’s growth projection from 8.5% to 7.5%. I would say it might be even lower as these things are beyond our control, the war is not under our control. If the Russia-Ukraine war continues […]
The RBI raised the policy repo rate by 50 basis points taking the cumulative increase to a steep 90 basis points in two consecutive months. The ballooning inflation, mostly fueled by global factors, has prompted central banks world over to
Will monetary tightening help fix India’s inflation problem? Swaminathan Aiyar explains Read More »
India celebrated its 50th anniversary of independence in 1997 by showing that a billion people could overcome multiple barriers of language, religion, caste, ethnicity, and cultural traditions to form a glorious whole upholding democratic values and human rights. As we
Searching for ‘historical truth’? Don’t be selective Read More »
“Right now, the problem of inflation cannot easily be solved by tightening the interest rates. It can be tightened in some cases, the government is trying to do it in the case of wheat by putting an export ban,” says
Inflation has soared to new heights, with the April consumer price index (CPI) showing prices shooting up 7.8%. Wholesale price inflation in March was a whopping 14.5%. Prices were already rising at the start of 2022, and the Russian invasion
Industrial commodity prices are dropping, not rising any more, due to recession Read More »
Many Indians smirk at the ousting of Imran Khan as prime minister in Pakistan, and the coming dismissal of Gotabaya Rajapaksa as president in Sri Lanka. Both have been hit by debt crises. The smile will soon be wiped off
A debt typhoon is set to engulf the world, and India won’t escape unscathed Read More »
The Indian middle-class will have to brace for a dent in their pockets caused by global fuel price rise, and further hammered by an expected soaring of edible oil prices. “These are very tough times. It is not within the
There’s a perfect storm heading our way, warns Swaminathan Aiyar Read More »
GDP growth crashed to just 3.7% in the pre-Covid year 2019-20. In the preceding two decades, GDP growth averaged over 7% (save in the Great Recession of 2008-09). Pessimists such as Shankar Acharya note that GDP growth slowed steadily from
India can sustain ‘miracle’ GDP growth of 7%. There is only one rider Read More »
Smartphones and the internet have made it possible as never before to transmit the horrors of war from Ukraine to viewers across the world. The village head of Motyzhyn near Kyiv and her family were blindfolded and shot. Mass killings
Western hypocrisy and the impracticability of a tribunal to try Russia Read More »
The course of wars cannot be predicted. The Ukraine war may end in a few weeks with Russia and Ukraine signing a face-saving deal. Or it may drag on for months before ending in a muddled stalemate. Or it could
Russia-Ukraine conflict: Is an outright recession now inevitable? Read More »
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