BUSINESS
Do research papers by central bank economists suffer from conflicts of interest?
Upton Sinclair: ‘It is difficult to get a man to understand something, when his salary depends upon his not understanding it’
BUSINESS
UNCTAD is a voice in the wilderness calling for systemic change
UNCTAD says covid-19 has raised fundamental questions about the way we organise society and the values that structure our lives
BUSINESS
ADB study finds India’s score on Wellness Index lower than Ethiopia, Uganda
The covid-19 pandemic will be a boon for the wellness industry
BUSINESS
A new bull market?
The Bank of America Survey of fund managers for September finds that allocation to equities rose 6 percentage points month on month to a net 18 percent overweight. But allocation to emerging markets has come down
BUSINESS
Why is consumer price inflation so high while economic growth is so low?
Consumer price inflation in India is among the highest in the world while the contraction in growth has been among the highest
BUSINESS
Employment in the Indian economy has been shrinking since 2011-12, says KLEMS database
The KLEMS database finds that the number of persons employed fell from 47.16 crore in 2011-12 to 46.47 crore in 2018-19
BUSINESS
Could we have a re-run of the Roaring Twenties this decade?
Will COVID-19 leave long-term economic scars? Economic research says it will, but much of the West had a huge boom after the Spanish Flu of 1918, which killed millions
BUSINESS
Central government spending lost momentum in July
The fiscal deficit during the first four months of the current fiscal year is 50 percent more than in the same period last year
BUSINESS
India’s economic contraction in June 2020 quarter worst among major economies
Indian GDP numbers for June 2020 quarter immeasurably worse than during the Global Financial Crisis
BUSINESS
Zombies and the missing inflation puzzle
A paper by Viral Acharya and colleagues finds that low interest rates support the proliferation of zombie firms, which add to supply, keeping prices low
BUSINESS
Will lower growth be the new normal?
The GDP numbers for the June 2020 quarter will be released on August 31. What should we look for? What are the long-term trends?
BUSINESS
McKinsey Global Institute: Making the peacock dance
The report is actually a warning -- unless India is able to considerably raise its growth rate, it risks massive unemployment
BUSINESS
Bull market, but ‘far from excess bullish’
The Bank of America survey of global fund managers finds net overweight on emerging markets almost back to pre-COVID levels
BUSINESS
Why did consumer price inflation spike in July?
India now has one of the highest inflation rates in the world
BUSINESS
Now, Atmanirbhar China: Exports take a back seat
There are many similarities between the Indian government’s stress on self-reliance and the Chinese Communist Party’s new strategy of ‘internal circulation’ for economic growth
BUSINESS
IIP data show the depth of the downturn
The Index of Industrial Production in June 2020 was lower than in June 2014
BUSINESS
RBI survey finds people don’t expect to increase discretionary spending in the next one year
Oscar Wilde: ‘We are all in the gutter, but some of us are looking at the stars.’
BUSINESS
Big industry had the lion’s share of the increase in loans outstanding in June
But how much of the increase is on account firms not repaying their dues on account of the moratorium?
BUSINESS
The trouble with consumption
India has for long had just one engine of growth and even that is faltering
BUSINESS
Third quarter starts on upbeat note for developed economies
A rebound was expected as lockdowns eased, but the question is how much of it is due to pent-up demand
BUSINESS
Inflationary fires or deflationary ice?
After the pandemic, the short run will probably see a deflationary bust. Will it be followed by rampant inflation?
BUSINESS
Taxes, gold, fuel, supply disruptions keep inflation high in June
While the MPC members will probably cut interest rates again to support growth, the question is whether lowering interest rates further can do much to induce borrowers to borrow and lenders to lend
BUSINESS
10-percent capitalism will not give India the inclusive growth it needs
The world as well as India need a new approach to economic growth
BUSINESS
The BIS says the recovery will be a U or a W, not a V
The conservative bankers’ bank says that the future economic landscape could look like the one that materialised after the Second World War
