The United Nations’ World Economic Situation and Prospects (WESP) Report 2026, released on 8 January 2026, characterises the global economy of 2025 with a carefully chosen word: resilience. Global output growth, estimated at around 2.8...
This essay examines how the world economy actually performed in 2025—its achievements, its missed opportunities, and its policy shortcomings—and then turns decisively to the global economic and developmental prospects for 2026. It argues that the...
The Indian economy exits calendar year 2025 having demonstrated an important, if understated, achievement: it held the line in an increasingly fragmented and uncertain global environment. Growth in India remained robust by international standards, inflation...
Economic textbooks are built on elegant, linear relationships. Lower interest rates reduce the appeal of a currency; higher rates strengthen it. Rate cuts encourage capital to move toward risk assets, lifting equities and easing pressure...
Global trade today stands at an unusual and uncomfortable juncture. On paper, the numbers appear reassuring. World trade in goods and services is estimated to have crossed the $35 trillion mark in 2025, expanding by...
The rupee’s journey beyond ₹90 is not an abrupt collapse but a culmination of long-running pressures that have now converged. For years, the currency had been trading above its fundamental value, held there by capital...
The IMF’s recent engagement with India — most clearly reflected in its 2025 Article IV staff report (released 21 November 2025) and in its updated Data Adequacy Assessment (DAA) framework — has done something that...
On 21 November 2025, India completed one of its most ambitious labour reforms by operationalising the four consolidated Labour Codes — the Code on Wages, the Industrial Relations Code, the Social Security Code, and the...
Gold is glowing again. After months of quiet, both gold and silver are showing firm signs of revival — a response to a world that seems increasingly unsure of its own economic direction. Beneath this...
India Growth Story: Each time India’s GDP data is released, the headlines celebrate growth. Yet behind those glossy numbers lies a more subtle question: how “real” is this real growth we so readily accept? The...
There’s an appealing simplicity to the idea: impose U.S. tariffs on foreign goods, protect U.S. industries, boost jobs, reduce the trade deficit. But in practice, the story tends to be far messier. When the U.S. launches...
Every few years, the world finds itself startled by a sudden financial disruption that “nobody saw coming.” That statement is never really true. The signs are usually blinking red for long enough — the problem...
