The recently concluded state assembly elections in Gujarat and Himachal Pradesh yielded results along expected lines. It’s just that no one could tell the extent of the BJP’s landslide victory in Gujarat, nor how close it would be in Himachal. And it was India’s two leading national parties slugging it out in both states. These… Continue reading Another Landslide Victory and What it Says About the State of the Indian Economy
There isn’t a single news programme or article on the global economy these days that doesn’t mention recession. This has been so for the past many months, but as central banks – especially the US Federal Reserve – keep raising interest rates to combat inflation, the prospect of a recession draws ever nearer. In their… Continue reading The Indian Economy: Bright Spot or Dangers Lurking?
Just last year, I had written on the occasion of the start of India’s 75th year of independence, about the long, Sisyphean journey our country had taken to reach where we are today. And about the challenges that remain. I had written it also from the point of view of our own personal experiences as… Continue reading A Democracy Fraying @ 75
On hearing the news of India’s FY22 GDP growth announced a few days ago, you might think – like the Indian government and some sections of the media – that ours is the fastest growing large economy. Never mind that the fourth quarter was the slowest growing in a long time – 4.1% - and… Continue reading Growth Depends on India Going Back to Work
It wouldn’t be wrong to say that corporate India has had a good run for the past few years. Ever since the generous tax cuts given by the government in 2019, in order to boost investment, that is. We have yet to see the investment commensurate with such tax breaks, but that their earnings have… Continue reading Possible Reversals Ahead for India Inc
It’s been a while since I wrote on the Indian economy and since our second quarter GDP news was released just a fortnight ago, I thought it might make sense to consider this news as well as other issues looming on the horizon. Which is why this piece is not so much about the Q2… Continue reading The Three Es of India to Look Out For in 2022
The Indian Union Budget presented on February 1, 2021, by the Indian finance minister, Nirmala Sitharaman was unusual in many ways. For one thing, it was much shorter, as many commentators noted, and one of the reasons was that allocations for each Central Government scheme was not spelled out, as on previous occasions. Yet, on… Continue reading India Budget 2021: Spending Our Way Out of the Pandemic Economy