The contours of the economic, political and humanitarian crises that Sri Lanka currently faces are now well known. With limited economic diversification, it has for long been an open economy that has found it difficult to earn the foreign exchange…
So much has been written on the Sri Lankan economic crisis that the facts are by now quite well-known (see for instance C P Chandrasekhar, Frontline April 22): the massive build-up of external debt; the huge Value Added Tax concessions…
Sri Lanka’s economy is sliding into chaos afflicted with multiple crises, triggered by a steep fall in foreign exchange revenues during the Covid pandemic, a difficult to manage external debt servicing burden, a collapse in the volume of foreign exchange…
Global inflation, the launch of a monetary tightening cycle in the US with increased interest rates, depreciating exchange rates and the fall out of the war in Ukraine, are forcing many countries to borrow their way out of balance of…
While the world remains preoccupied with the geopolitical and humanitarian fallout of the Russian invasion of Ukraine, its economic consequences are increasingly a matter for concern. Though the two countries at war account for less than two and one half…
The relocation of capital from the advanced capitalist countries of the north to low- wage countries of the south in the current era of globalisation has received much attention; but there is another kind of relocation that has not received…
Denials and rejections of the most pressing issue in the Indian economy today – which is providing employment as minimum livelihood options for the majority – need to be underscored in the current budget. Added to the above are the…
Denials and rejections, of the most pressing issue in the Indian economy today which is providing employment as minimum livelihood options for the majority, needs to be underscored in the current budget. Added to above are the woes related to…
In her budget speech 2022, the finance minister claimed that the centre pieces of the budgets for both the current financial year (2021-22) and the next (2022-23) are sharp increases in capital expenditure driven by enhanced public investment. That expenditure…
No budget in recent memory has been presented at a time when the economy is in such dire straits: unemployment is so bad that there are job riots in Bihar and UP; wealth and income inequalities are among the worst…
