India’s Budget 2024 and Economic Survey suggest trouble ahead
By RN Bhaskar
The Economic Survey was tabled before the Parliament on Monday 22 July 2024. The next day, the finance minister tabled her Budget proposals. If one goes by the hype...
India talks of growth, but it will continue shrinking unless . . .
By RN Bhaskar
It is when you look at the sustainability of economic growth that you realise that India could be shrinking.
Except for the super wealthy, the rest...
Policy watch
India excelled in the art of earning its wealth, not plundering it
By RN Bhaskar
This is a story not just for historians, but for India’s policymakers. It tells of how Indian entrepreneurship can be truly unlocked if they are...
Russia becomes the top dog in Europe, and #4 in the world
By RN Bhaskar
Last month the world bank finally conceded that Russia had overtaken Japan and had become the fourth largest economy in the world in terms of purchasing...
The world could change faster than you think
RN Bhaskar
Recent developments have the potential to compel people to shed any preconceived notions of the way strategies could play out. The world is changing faster than anyone could imagine.
The Latin American...
The lights are flashing red about the Indian economy, but the merriment continues
By RN Bhaskar
The stock markets continue to soar. Except for a slight hiccup post elections, there seems to be no stopping the inexorable rise. Government spokespersons promise...
The Census is needed urgently post elections
By RN Bhaskar
The Bing-generated image about elections suggests many things – the watchful eyes of the lion looms over the election booth. The peaceful wait of citizens outside polling booths. The Ashoka lion...
The ogre of debt dwarfs many countries
By RN Bhaskar
Last week UNCTAD brought out a brilliant document titled A World of debt – 2024 (https://unctad.org/publication/world-of-debt). It pointed out how “Global public debt continues to increase rapidly, driven by cascading crises...
RBI’s unwise dividend payout to the government
By RN Bhaskar
On 22 May 2024, the Reserve Bank of India (RBI) announced that it would be paying to the government a whopping sum of Rs.2.11 lakh crore rupees by way of dividend. ...
New trade blocs form, India remains on the fringes
RN Bhaskar
Suddenly, gold has become important. It always does, when there is economic uncertainty, and high inflation. While it is early days to talk about inflation, everyone knows how uncertain the...
