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...
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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...
Why RBI’s inflation forecasting model needs to be bolstered for economic recovery
William M Martin, former US Federal Reserve chairman, had observed, 'Inflation is a thief in the night and if we don't act promptly and...
Budget 2022 - Needed a balancing act
The 2022 budget needed to do a balancing act. While the economy is back on the growth path, it has been uneven. The aggregate GDP number...
Asia: Up for change?
The fog of uncertainty that has engulfed us over the last two years lingers on. It is difficult, indeed risky, to peer through that...
Globalisation of inflation and monetary policy making
The CPI in India in November 2021 was close to 5%, while the core inflation was above 6% and WPI above 14%. Not only in India, but...
Can manufacturing be the messiah?
The spate of downgrades for India’s projected growth rate continues, the latest being IMF that reduced India’s expected growth in 2021-22...
Why India is losing its grip over Covid
India is in the firm grip of the second wave of COVID-19. A pall of gloom has descended across the nation. Daily infections are at a...
Shaping the future with trust and connectedness
With Harshita Tripathi It feels like we are living in the interim: the past appears distant and the future has not yet emerged. It is...
The future of Finance: Will 2021 see spectacular highs or dismal lows like 2020?
How will the financial sector shape up in 2021? If there is one lesson that 2020 has taught us, it is that forecasting, even for a short...
New Education Policy gives pride of place to research in universities
One central recommendation of the National Education Policy, and a big departure from the education policy followed since India’s...
Question of Existence: Liquidity, Solvency and Policy response for MSMEs
That the Indian economy is in bad shape was known, the extent was revealed by the announcement that Indian GDP contracted by 23.9% in Q1...
Lives and Livelihood: An Exit Strategy from Lockdown for India
India has been one of the countries to start a nationwide lockdown at a very early stage of the spread of COVID - 19 in the country....
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