“The old world is dying. The new world is slow to emerge. And in this twilight, monsters arise,” wrote Antonio Gramsci in the 1930s in his Prison Notebooks. But one might also add that opportunities...
Following a review of evolving financial conditions, the Reserve Bank of India announced a package of liquidity operations that will inject over ₹2 lakh crore (about $23 billion) into the banking system. The measures include...
India’s Union Budget 2026–27 has been widely interpreted through its headline metrics—fiscal deficit targets, nominal growth projections, and assurances of consolidation with continuity. Yet a closer reading of the detailed fiscal architecture, particularly the “Budget...
Negotiations for the EU-India FTA began in 2007 but were suspended in 2013 before being formally relaunched in 2022. The conclusion of the agreement on January 27, 2026, was driven by a powerful geopolitical imperative...
Headline growth numbers often carry a quiet authority. They reassure, they stabilise expectations, and they shape public narrative. Yet, in macroeconomic analysis, comfort is not the same as clarity. An economy may continue to post...
India’s fiscal strategy in recent years has thrived on a very favorable economic landscape. High nominal GDP growth—driven by post-pandemic recovery in india, rising inflation, and strong price effects—created a substantial revenue cushion. Even moderate...
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...
From trade tensions and high debt burdens to fears of an AI stocks bubble, the global economy will face an array of risks that could dampen growth in the new year. The global economy has...
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 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...
