BUSINESS
Will Xi Jinping be China’s Stalin?
Xi is trying to change the drivers of the Chinese economy at a time when there is a plethora of domestic and international challenges. The odds are stacked against him
BUSINESS
Problems of 2020s can’t be solved by policies of 1980s: UN agency
Conditions in Volcker’s time were very different from those prevailing in today’s globalised, hyper-financialized and debt-ridden economy
BUSINESS
Fund manager survey ‘screams macro capitulation, investor capitulation, start of policy capitulation’
Bank of America survey says big market low will happen in first half of 2023, but stage set now for bear market rally
BUSINESS
Ten reasons for optimism in RBI Bulletin’s state of the economy report
The report cites the view that ‘India is likely to be among the few emerging economies that would be left standing after the global hurricane has passed’
BUSINESS
Moneycontrol Pro Panorama | ‘There is great disorder under Heaven, the situation is excellent’
In today’s edition of Moneycontrol Pro Panorama: India looks to continue its relative outperformance, issue of monetary tightening divides RBI MPC, the history of political splits and symbols, India and UK need to sort out trade issues, and more
BUSINESS
The worst of both worlds -- Inflation up, industrial production shrinks
Monetary Policy committee members have expressed concern about the impact on inflation expectations of prolonged high inflation
BUSINESS
IMF World Economic Outlook: Consumption to drive India’s growth in the near term
With exports slowing down and only a tepid rise in investment demand, consumption will continue to be the mainstay of Indian growth
ECONOMY-2
IMF projections: Chinese economy in 2027 will be 93 percent of the US
The IMF’s World Economic Outlook says central banks should ignore the demand for a pivot and instead focus on getting inflation under control
BUSINESS
Helicopter Ben, doughty defender of casino capitalism, deserves the Nobel
While it’s easy to criticise Bernanke for his policies, we must also consider the context in which they were framed
BUSINESS
Global supply chain bottlenecks are now lower than at the beginning of the pandemic
The New York Fed’s Global Supply Chain Pressure Index (GSCPI) shows supply-side inflation is coming down
BUSINESS
RBI surveys don’t echo the central bank’s upbeat assessment of Indian economy
What kind of a recovery is it when almost half those surveyed say they don’t expect their income to increase in the next one year?
BUSINESS
Bank of England first central bank to pivot; will others follow?
Bank of England is back to Quantitative Easing (QE) and markets hope other central banks, including the US Fed, will soon follow
BUSINESS
OECD predicts inflation will remain high in 2023, despite lower growth
The OECD report on the economic outlook says, ‘annual inflation in 2023 will remain well above central bank targets almost everywhere.’ That is bad news
BUSINESS
Credit Suisse: The richest 1 percent of Indians have 41 percent of the nation’s wealth
The Credit Suisse Global Wealth Report for 2022 says much of the growth of household wealth this century in the US and India has bypassed the lower and middle wealth tiers
BUSINESS
Putin doubles down on his disastrous Ukraine gamble
The Russian power elite is unable to reconcile to the reality that they are now a pale shadow of what the Soviet Union used to be, their army is no Red Army, their generals are not Marshal Zhukov
BUSINESS
Waiting for the Fed — How much is priced in?
On the eve of the FOMC meeting, the market has already priced in a 75 basis point hike. Investors will look for clues whether the fall in inflation expectations and the slowing of US growth will make the Fed less hawkish
BUSINESS
Will the US Fed tip the world into a recession?
The worry in the markets is that the Fed is misreading the situation and tightening at a time when growth is slowing and inflation has peaked. The hope is that the Fed will pivot sometime next year
BUSINESS
Government economic review says India’s growth resilient but flags risks
The report says the main risks are from the external sector
BUSINESS
RBI Bulletin: Economy primed for take-off
The RBI Bulletin’s state of the economy report says growth is strong for the Indian economy, demand is robust, and inflation is coming down
BUSINESS
Moneycontrol Pro Panorama | The weight of money
In today’s edition of Moneycontrol Pro Panorama: India to crackdown on illegal loan apps, Congress attempts to claim opposition leadership, SEBI’s image makeover, Rajasthan's job scheme, and more
BUSINESS
Retail inflation rebounds in August, sparking fears of another 50 bps rate hike
Even though inflation in India is supply-driven, higher food prices are the main drivers of inflationary expectations in India, which is why the Monetary Policy Committee needs to respond forcefully
BUSINESS
Industrial production: Where's the growth?
Between April and July 2019, the IIP improved from 126.5 to 131.8, a gain of 5.3 points. Between April and July 2018, the IIP went up from 122.6 to 125.7, a gain of 3.1 points. But between April and July 2022, the gain in IIP has been a mere 0.1 point. Clearly, momentum in industrial production has been far from impressive
BUSINESS
Human Development Report: India is no Sri Lanka and that’s a good thing
India’s ranking on human development is level with its level of income. The report points to growth being essential for development
BUSINESS
You just can't miss the pent-up demand for bank credit
Growth in non-food bank credit outstanding this fiscal year is not only higher than in pre-pandemic times, but the highest in at least the last ten years
