The collapse of the operations of India’s leading airline IndiGo initially came as a shock to everyone. The airline, which accounts for more than 60 per cent of flights on all routes, cancelled without warning as many as 4,500 flights…
Despite strong opposition in Congress, Brazilian President Luiz Inácio Lula da Silva has launched an ambitious industrial policy aimed at boosting renewable-energy capacity and expanding domestic defense capabilities. But sky-high interest rates and fiscal constraints risk putting these objectives out…
US President Donald Trump has made it clear. His strategy of weaponising tariffs would be deployed not only to ensure a reduction in America’s trade deficit but also to achieve political and diplomatic objectives. Examples abound, not least the excessive…
The world is facing an inequality crisis fueled by stagnant wages, eroding social protections, and the extreme concentration of wealth. Reversing these trends requires reassessing the policies that produced them and equipping governments with the information they need to pursue…
The Union government seems set to launch a new round of banking policy liberalisation. Among the pointers is a recent statement made by the Finance Minister that “India needs a lot of big, world-class banks” and that a strategy to…
Argentina’s ability, under right-wing governments, to draw record levels of dollar support from the “international community” never fails to surprise. This pattern has only become more pronounced in recent years. But what is more surprising is that, despite evidence that…
The Indian rupee losing its value against the US dollar should normally not draw undue attention as it has been a long-term trend. But three factors have contributed to concerns about the recent and ongoing descent of the rupee vis-a-vis…
Developed country bond markets are behaving oddly. Government bond prices are falling because holders are leaning towards offloading the debt instruments, and new buyers are more circumspect. Given that government bonds promise to make payments that are a fixed proportion…
When US President Donald Trump announced in early August that imports from India to the US would be taxed at the rate of 25 per cent (with few exceptions), many were taken by surprise. Given the bonhomie on display between…
There is nothing definitive about policy under US President Donald Trump. With the deadline for accepting his trade demands having passed, a revised set of tariffs has been announced, lower than the originally threatened hikes of up to 49 per…
