For many years now consecutive governments have pointed to India’s comfortable foreign exchange reserves as evidence of the positive effect that economic reform has had on India’s external sector. On June 12, 2015 foreign exchange reserves stood at a comfortable…
India’s beleaguered farmers are facing another threat to what is now a tenuous livelihood. That threat is the real prospect of a poor Southwest monsoon that would substantially reduce agricultural production over crop year (July to June) 2015-16. In its…
On Friday 12 June, the US House of Representatives stalled a bill that would have set in motion the process of confirming a major new trade deal, the Trans Pacific Partnership Agreement (TPP, between the US and 15 countries in…
The global financial crisis that started in 2007 has never ended and now there are warnings of a looming market liquidity crisis, but when this will hit remains to be seen. next_financial_crisis (Download the full text in PDF format) (This…
If one adds up the foreign exchange reserves of all the countries in the world, including under the term “reserves” what these countries hold in the form of gold, US dollars, other reserve currencies, Special Drawing Rights of the IMF,…
The Modi government completed one year in office on May 26. This year saw a continuation of the industrial stagnation which has been a feature of the Indian economy for quite some time now. The year-on-year rates of industrial growth,…
It is widely believed that one important reason for the remarkable victory of Narendra Modi and the BJP in the April 2014 general election in India, was the ability to tap into the aspirations of a dominantly youthful population that…
Having come to power by fanning high expectations of what it would deliver on the economic front, the Modi government’s first year has proved dull and dreary. Dull because there is little the government has to show, even on the…
On May 17, the Controller General of Accounts released the audited provisional accounts of the central government for 2014. Unlike the revised estimates in budgetary documents, these figures include actual figures for the month of March. A terse Statement from…
The current stand-off is more of a government effort to regain influence over macroeconomic management, as the government is accountable to the people whereas the RBI is not. Government_and_RBI (Download the full text in PDF format) (This article was originally…
