Rupee nearing 80? Swaminathan Aiyar on why we shouldn’t worry too much
The latest projections of the IMF, even with the downward revisions is still showing India as being the fastest growing economy. When everybody else is going down, let us not pretend that we can become a 10% economy. If we
Rupee nearing 80? Swaminathan Aiyar on why we shouldn’t worry too much Read More »
Why US is no longer heading for a recession but is actually in a recession
Paul Samuelson once said wryly that economists had predicted nine of the last five recessions. In other words, they over-predicted at least half the time. Cynics will say that, in truth, economists would kill for even this level of accuracy.
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India Must Not Artificially Prop Up the Rupee
Even as many developing countries conserve their foreign exchange reserves to guard against a nasty worsening of the economic environment, the Reserve Bank of India—the country’s central bank—has sold more than $40 billion from its reserves in the last nine months
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India needs Agnipath, not pensionpath
The defence of India is not a job creation scheme, as many rioters seem to believe. India urgently needs to modernise its military capability, focusing on high-tech areas such as cyberwarfare, drones, missiles, and even space weapons. Boots on the
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So, how well has India’s relative performance been under the Modi government?
In earlier columns, I have highlighted the sad slump in India’s global rankings on various measures of democracy, freedom and human rights. Economic trends have been muddied by an unexplained slump – part of a global slump – in 2019-20,
So, how well has India’s relative performance been under the Modi government? Read More »
Child marriage: Why we should not point fingers
The BJP has expelled its media chief Naveen Kumar Jindal and suspended a prominent spokesperson, Nupur Sharma, for making insulting remarks about the marriage of the Prophet Mohammed. This followed protests from all major Islamic countries. Many of Sharma’s supporters
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Are we playing against our growth story by hiking rates too fast? Swaminathan Aiyar explains
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
Will monetary tightening help fix India’s inflation problem? Swaminathan Aiyar explains
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 »
