A strike on the Adani group by short-seller the U.S.-based Hindenburg Research has led to the unravelling of the Gautam Adani story, which celebrated the spectacular rise, in an extremely short period of time, of the wealth of a man and his business…
If we ignore the hype that accompanies and follows the presentation of the Centre’s annual budget, there are principally two strands in it that have attracted attention. The first is the claim of the finance minister Nirmala Sitharaman that in…
The Government of India’s Economic Survey 2022-23 is a bizarre document. It uses cherry-picked time series data to suggest that the performance of the Indian economy has been commendable only during the current Modi government’s tenure and the previous NDA…
The semi-annual Financial Stability Report from India’s central bank signals that India’s banking system, especially the public banking system, has put behind it the stress from disturbingly high non-performing or bad loans on its books. The story as officially told…
With the deficit on India’s trade in goods and services widening, from $19 billion in the quarter ending September 2021 to $49 billion in the corresponding quarter of 2022, net inward transfers recorded in the current account have become crucial…
Tight monetary policies in rich countries obviously affect people in the countries where they are applied, but they also cause ripple effects across the world. We were already in a very unequal world before the most recent global price increases.…
The Covid-19 pandemic highlighted the urgent need for a universal social protection floor—something that has been talked about and even internationally accepted for more than a decade now, but has still received relatively little serious attention from policy makers in…
The Russian invasion of Ukraine and the subsequent war sparked rapid and dramatic increases in some global trade prices, particularly for fuel products, wheat and fertilizer for which Russia and Ukraine are major exporters. It is now clear that these…
As COP27, the climate summit at Sharm el-Sheikh in Egypt, ended after a being prolonged, assessments of what it achieved were mixed. But tthe overwhelming sense was that the summit had yielded little, since on most counts it had not…
It was headline news when Chinese customs statistics at the end of September 2022 indicated that for a second calendar year, India’s trade with China would settle at well above $100 billion. That was only partly because of the positive…
