Inflation has become a problem in India once again, well before it emerged globally and in the advanced countries as a major concern. In India, inflation rates of 6 per cent and above were evident even during the pandemic collapse,…
Following Russia’s irrational and devastating invasion of Ukraine, global energy markets have been in turmoil. Russia is the third largest producer of oil in the world and, more importantly, the world’s largest exporter of oil and gas and the second…
It is obvious that the Covid-19 pandemic has had a deep, searing impact on the Indian economy, in terms of both total economic activity and livelihoods. It is true that the economy had been struggling for several years before then,…
India is an outlier in terms of low government spending during the pandemic, as we noted last month in an earlier article. Unlike advanced economies and even most developing and emerging market economies, the Indian government did not ramp up…
In recent years, when the economy as a whole performed poorly, reports on how old and new businesspersons accumulated huge volumes of wealth in short timespans have been commonplace. There is also evidence that conspicuous consumption is on the rise.…
Through out the continuing pandemic, the Indian government’s fiscal reticence has made it a significant outlier in the world. Advanced economies have gone all out in terms of expanded public spending. Their governments quickly abandoned the (flawed) arguments about the…
State governments in India are experiencing a fiscal crisis that would adversely impact their development and welfare expenditures in the coming years. As per the revised estimates for 2020-21 collated by the Reserve Bank of India, after averaging 2.7 per…
Historically, today’s developed countries are responsible for nearly 80 per cent of global cumulative carbon emissions over 1850 to 2011. The climate change impacts that the world is facing today are fundamentally a result of that over-exploitation by a small…
According to the US Department of Labour, consumer prices spiked at 6.2 percent higher in October than a year earlier. The resulting inflation fears are beginning to influence the thinking of central bankers in the developed countries. As that happens,…
The Covid-19 pandemic operated to expose various global inequalities in their stark form, but it has also further accentuated them at unprecedented scale and speed. The latest World Economic Outlook from the IMF, released in late October 2021, provides further…
