Since the world’s major economies reopened after Covid-related lockdowns, they have been heating up, what with pent-up demand, consumers on a spending spree, travelling, dining out and catching up on a host of social activities that were not possible during lockdowns. All that heated spending and pent-up demand, with supply chains not catching up, led… Continue reading Inflation: Up, up and away!
Pay Attention to the Cyclical Economy
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
Elections in the Midst of a Pandemic
In my last blog post on India, I had written about the three Es that we will have to watch out for in 2022. This article is on the first E: elections, with those on the economy and on engineering economic reforms following in subsequent months. The Omicron variant has set off the third wave… Continue reading Elections in the Midst of a Pandemic