It is well known that the actual supply of climate finance is well below the evident requirements, both for mitigation and adaptation. There is some talk of how the rich countries that promised $100 billion annually for the developing world…
It is probably only to be expected that the official account, in the Finance Ministry’s justreleased Economic Survey 2025-26, would be generally upbeat about the Indian economy and the current policy direction of the Modi government. We have also come…
Early in January, preliminary estimates of China’s trade surplus (from the General Administration of Customs of China) placed it at $1.7 trillion in 2025, as compared with $993 million in 2024. The sharp 20 per cent rise in the trade…
The idea that economic growth leads to more employment is at one level so obvious that it has become axiomatic among economists and policy makers. After all, higher production will require more inputs, and presumably labour is a crucial input…
Asset price inflation has never worried analysts and policymakers as much as inflation in the prices of goods and services. And among assets, inflation in the price of gold has been the least disconcerting because of the faith that its…
In late 2024, the Institute of International Finance (IIF), the advocacy arm of global finance, put out a pessimistic projection that capital flows to emerging market economies (EMEs) are likely to fall to $716 billion in 2025 from an estimated…
The weaponization of tariffs by US President Donald Trump has clearly generated fear and loathing across the world. These threats are not only purely performative; nor are they just transactional in nature. The logic of these tariff threats in most…
There is a sense of panic gripping financial markets in India. The immediate causes are a combined slide of indices of stock markets and of the rupee vis-à-vis the US dollar. For market players accustomed to what has been an…
The Finance Minister’s Budget Speech for this year described agriculture as “the first engine of growth”, and the Economic Survey also described agriculture and food management as the “sector of the future” (even though it was relegated to Chapter 9…
If a spate of recent headlines in the media is to be believed, the rupee is in free fall. That is true when the rupee’s value vis-à-vis the dollar is the sole focus. While the rupee stood at 84.1 to…
