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More »Economic policy making: Moving on
05/10/2018
Gita Gopinath, incoming economic counsellor to the International Monetary Fund (IMF), and Paul Krugman, recipient of the 2008 Economics Nobel prize, have separately made important contributions to thinking about economic policy that are highly relevant for India. They argue that* (1) cookie-cutter macroeconomics needs to be questioned in its foundations ...
Burgeoning crude oil prices have raised concerns about India’s Current Account Deficit (CAD). Oil imports are a major constituent of India’s import bill. The rupee has hit fresh lows in September 2018 as the crude prices have risen.
Though the falling rupee is interpreted as good for export competitiveness ...
India is currently facing challenges in the management of its external account, reflected in worries about rupee depreciation, and concerns about the current account deficit (CAD).
India’s CAD is structural. Growth is not driven by exports. Domestic growth drivers - investment, and in recent times, consumption - are import intensive ...
WTO is the Phoenix in the New World Order
02/08/2018
(This blog post was originally prepared for the External Services Division of All India Radio, Ministry of Information and Broadcasting, Government of India. Broadcast on August 2, 2018, All Units. http://airworldservice.org/ )
Do the recent retreat of globalization; US President Donald Trump’s protectionist policies, the US-China trade war ...
(This post was originally prepared for External Services Division of All India Radio, broadcast on July 14, 2018.)
As per the World Bank figures for 2017, India has become the world’s sixth-biggest economy, after US, China, Japan, Germany and UK. India has pushed France to the seventh place. India’s ...