Along with Taiwan’s Foxconn, Anil Agarwal’s Vedanta plans to set up India’s first silicon fabrication plant (fab) in Gujarat, along with a display glass unit, costing a whopping $20 billion (₹1.6 trillion). Silicon from this project will be sliced into […]
Are subsidies for silicon fabrication plants liable to be wasteful ‘revadis’? Read More »
Chief Justice N V Ramana has, astonishingly, waded into the controversy of political parties promising endless freebies that could plunge countries into disaster. He says political parties do not want to curb such excesses, so a specialised body should tackle
A fundamental problem of democracies: What constitutes good and bad freebies? Read More »
India is currently the world’s fastest-growing major economy. Hurrah. But the combined fiscal deficit of the Centre and states exceeds 10% of GDP, horrendously high by international standards. High fiscal deficits can spur high growth for some time, but then
A global recession will pose enormous fiscal challenges. India must be prepared Read More »
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 »
At the spring meeting of the World Bank and International Monetary Fund, US Treasury Secretary Janet Yellen, and Deputy Secretary of State Daleep Singh called for a total overhaul of the two institutions. Daleep Singh said the Bank was too
US wants a reboot of World Bank but it’s on wrong track Read More »
The Wholesale Price Index has been in double digits for almost a year and has just skyrocketed to a horrendous 14.5%. Tighten your belts. We are heading for the worst inflation in a long time. This will hit purchasing power,
High inflation is going to just get higher 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 »
Covid and the Ukraine war have created high inflation and recessionary trends with political consequences across the globe. Inflation of 13.7% facilitate Imran Khan’s ouster in Pakistan. An 18% inflation rate may oust Gotabaya Rajapaksa in Sri Lanka. Many African
Why Ukraine war will cast a shadow on BJP prospects in Gujarat 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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