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 »
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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