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Small-business risk sharing can deliver inclusive economic growth
Risks borne by small enterprises need to be spread wide, which can be done by a government programme to invest in them. The availability...


FM, It’s Truly a Capital Idea
India needs to grow at about 8% over the next three decades to be classified as a high-income country, according to the World Bank...


This is why central banks unlikely to cut rates so soon
There seems to be an eager anticipation for the cycle of rate cuts to begin. Inflation rates have come down from the highs that it has...


The promise and peril of generative AI: Should research be stopped?
Generative AI has taken the world by storm. The best known among them, a language model, ChatGPT by OpenAI, reached a 100 million user...


Robert Lucas, the Nobel laureate who revolutionized macroeconomics
It is probably no exaggeration to say that Robert E. Lucas Junior, better known as Bob Lucas, was the most influential economist of the...


Why the Fed is right in hiking rates
When thinking about what is the optimal monetary policy, it is best not to conflate two different functions of the Fed — controlling...


Budget 2023: Will boost short term growth; short on long term vision
There is no other policy announcement in India, and maybe even globally, from which so much is expected other than the annual budget...


Freebies
An important ongoing public debate in India right now is about providing “freebies.” Initiated by the Prime Minister, several political...


RBI: Stay the Course
It is now certain that the growth rate of the Indian economy will be much lower than the RBI projection of 7.2 percent. So, the anxiety...
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