After reading news of India’s first quarter GDP for FY 23, which showed little sign of a base effect despite the fact that in FY 22, we had grown 20.1% in the same quarter, we are likely to think that base effects don’t matter anymore. It would be unwise to think so, however, because this… Continue reading Pay Attention to the Cyclical Economy
In the fall of 2020, we were relieved to see a recovery in the sales of passenger vehicles in India, as people clearly showed a preference for owning their own private transport in the post-lockdown phase of the Covid-19 pandemic. Companies were reporting better sales as the previous couple of years had seen a slowdown,… Continue reading Motown Caught Between Recovery and Slowdown
Recent events in Venezuela have put the spotlight once again on a part of the world that is hardly ever given any attention, save when it is about commodity exports to the rest of the world, most importantly, to China. Then again, hasn’t it been this way since the 15th century, when King Ferdinand and… Continue reading Still Searching for El Dorado in Venezuela
Large giveaways, sops to please various constituencies, tax concessions to win the middle class, etc. Nothing surprising in the interim (read election) budget announced a few days ago in India. But when you consider that the ruling party alliance came to power with the largest majority in a long time and on the back of… Continue reading Largesse Oblige Needed
Peripatetic Perch 