Economics excites economists no end, and bores the rest to death. The Economic Survey is an ideal tome for the bedside, and a perfect cure for insomnia. Having realized this in his short tenure, the...
For two hours in the year, the finance minister is the master of all he surveys. Television cameras show him all over the country; millions watch and listen to him with rapt attention. That is...
Ever since India established diplomatic ties with Israel 25 years ago, not a single Indian premier has visited the Jewish state. PM Narendra Modi wants to change it, highlighting the intensifying bilateral partnership. PM Modi’s...
India boasts of 7,500 kilometres long coastline, being one of the 20 places worldwide where the height of the high tide is over five metres higher than the low tide to capture the tidal power...
Elections for five state assemblies have just been concluded. In UP and Uttarakhand, BJP got a clear majority. In Punjab, victory went to the Congress. Two other states did not give a clear cut mandate....
India’s economic growth rate dropped only slightly at the end of 2016 despite a controversial ban on high-value banknotes in November. Analysts doubt the government’s figure and fear the full impact has yet to be...
Competition regulation and its context and relevance in an emerging market like India: Why should markets be regulated? Understanding Monopoly, Oligopoly and the need for Regulation. Competition, in the context of economics, means the contest/rivalry...
Indian automotive giant Tata Motors has seen its business suffer as a consequence of the government’s recent decision to bar high-value bank notes. The company’s profits for the past quarter took a drastic dip. Tata...
Five Indian states are electing new governments over the next few weeks. The votes will prove to be a key test of PM Modi’s popularity, which has taken a hit due to his demonetization move....
The first criterion an economist applies is, how appropriate a budget is to the macroeconomic situation. If it is inflationary, the budget must deflate, and vice versa. The current supply-demand balance is benign by Indian...
The Finance Minister’s speech in the Lok Sabha this morning did not indicate too many changes to the direct tax laws. However, as always, the devil lies in the detail and the Finance Bill, 2017...
Challenging the World Bank and the IMF as a response to their failed reforms or complementing the existing market players with efficiency and not a competition, the New Development Bank focuses beyond those things and...