Ever since the Covid-19 pandemic waned and economies started to slowly get back to business, tourists were the first to take off! Travel and tourism which were the worst-hit sectors of the economy during the pandemic-induced recession, surged back to life and how! But, tourism, often touted as an important part of an economy, can… Continue reading How Much Tourism and Airbnb is Too Much for the Economy?
As most of India was celebrating the festive season last year, Cyclone Michaung hit South India and wreaked havoc in parts of Tamil Nadu and Andhra Pradesh inundating the city of Chennai once again. TV news reports were full of the levels of flooding in the city, where streets had turned into rivers and the… Continue reading How Livable Are Our Cities in India?
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In my last few blog posts on climate change and how it affects the poor, I had wondered how a COP summit being held in hydrocarbon heartland would go. On the one hand, it could be stymied by all the powerful interests in fossil fuels present in the region as many of their economies are… Continue reading COP28 Ending on a Timid Note
We’re nearing the end of 2023, and it appears that most economies have managed to stave off a recession, except Germany, Austria, Poland and Sweden among advanced economies that might still close the year a little in the cold. Ireland too looks surprisingly weak in 2023, but not if you consider the previous two years… Continue reading What To Expect from the Global Economy in 2024
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October 2023 began with all the omens of a Middle East conflict once again, when Hamas launched a series of rocket attacks on Israel and Israel responded in its typical fashion. Everyone in media wondered how Israel could be caught so off-guard and about the failure of its world-renowned intelligence. This only adds to the… Continue reading Stalemate or Larger Regional War in the Middle East?
Two most dreaded words in economic circles and think-tanks these days is industrial policy. It is frowned upon because it has come to be associated with all the negatives of government intervention. Politics, geo-politics, picking winners, wasteful subsidies and creating distortions in what ought to be a free market economy. It has become a term… Continue reading India in Need of Industrial Policy 4.0
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It is corporate earnings season once again! And while we wait for major corporations the world over to declare their earnings, we are also watching India Inc’s earnings report for the September 2023 quarter, which falls just before the festive season in India. In fact, because Diwali is slightly later than usual this year, we… Continue reading India is Bucking the Economic Slowdown, Or Is It?
Peripatetic Perch 