BUSINESS
Why President Biden should keep up the pressure on the Chinese leadership
China is now the richest country in the world and feels it can challenge the US for global leadership
BUSINESS
Emerging market equities seen to give the best returns in 2022
The Bank of America survey of global fund managers for November shows that 65 percent of fund managers believe that boom conditions will prevail in the global economy over the next 12 months, with above-trend growth and above-trend inflation
BUSINESS
Is it time to worry about inflation in India? The Phillips curve has the answers
A research paper by RBI Deputy Governor Michael Patra tells us how strong the Phillips curve is in India and its implications for inflation
BUSINESS
Is the Indian economy decoupling from the rest of the world?
The RBI’s state of the economy report says that while Indian growth is accelerating, global growth is slowing
BUSINESS
Who will pay the costs of mitigating climate change?
The richest 10 percent of the global population emits nearly 48 percent of global emissions in 2019, the top 1 percent emits 17 percent of the total, whereas the poorest half of the global population emits 12 percent of global emissions
BUSINESS
India Composite PMI shows recovery gaining speed, but China sluggish on supply concerns
India Services PMI vaults to ten and a half year high, on re-opening of the sector coupled with festive demand
BUSINESS
10 shows investors must watch in Samvat 2078
As a new Samvat beckons with Diwali, we present these 10 dominant themes currently in play
BUSINESS
India is on the cusp of an upswing in the business cycle
The IMF’s projection of 6 percent medium-term growth may be too pessimistic
BUSINESS
The Green Pivot: US intelligence predicts dire consequences for India from climate change
Climate change will lead to increased geopolitical tensions as countries scramble to control resources and dominate new technologies required for clean energy, says a US intelligence report
BUSINESS
Will crypto-currencies be Kryptonite for central banks?
An IMF report says the risks from the rapid adoption of crypto assets are fast rising and, rather than ban them, ways and means must be found to regulate them
BUSINESS
Why did Moody’s improve its credit rating outlook from negative to stable?
The repair of bank balance sheets has removed a key overhang from the economy and has lowered the risks of negative feedback from the financial to the real economy
BUSINESS
Jobs in India rose in 2018-19 for the first time in seven years
The KLEMS database shows the biggest job gains were in construction and trade, but employment in the manufacturing sector continued to shrink
BUSINESS
Jobs for the classes, not for the masses
Thirteen takeaways from the government’s new quarterly employment survey
BUSINESS
China’s bang-bang control system
China’s volatile style of policymaking is deeply ingrained in its authoritarian system, where power is centralized in the top leadership who suffer from a chronic information deficit. This leads to a policy control mechanism that fluctuates between very lax and very harsh enforcement.
BUSINESS
China’s rocky road to the Evergrande crisis
An NBER research paper has compared the Chinese housing bubble to the Japanese one of the late eighties
BUSINESS
RBI’s state of the economy report: Turning point reached, prepare for escape velocity
Report cites comparatively tepid growth, contained inflation and low proportion of fully vaccinated population as factors calling for accommodative monetary policy
BUSINESS
If the recovery is strong, why not cut back stimulus?
If the macroeconomic situation today is far better than after the global financial crisis, as government economists point out, recall that the repo rate at the time was 4.75 per cent, compared to today’s 4 per cent
BUSINESS
All that is solid melts into air
The next decade will be an age of rapid and widespread disruption
BUSINESS
Is global growth slowing while India’s growth is accelerating?
If demand is sustained and the government chips in, we could outperform the rest of the world
BUSINESS
Manufacturing activity lost momentum in August, shows PMI
Contrary to hopes of pent-up demand spurring consumption, output growth in the manufacturing sector slowed in August
BUSINESS
Central government finances now in better shape than before the pandemic
The tax revenue figures show that some sections of society and larger companies seem to be doing better than even before the pandemic
BUSINESS
GDP in April-June 2021 still well below that of April-June 2019
Private consumption is still 88.1 per cent of what it was two years ago
BUSINESS
What to look for in the Q1 GDP numbers
RBI predicts growth in April-June 2021 will be 21.4 per cent after a contraction of 24.4 per cent in April-June 2020. That means GDP will still be lower than it was two years ago
BUSINESS
The Modi government’s courage in biting the bullet on asset monetisation deserves kudos
Those opposing asset recycling should tell us whether they prefer the alternatives: higher taxes or a higher fiscal deficit
