INDIA
The conflict over development that claimed the life of Stan Swamy
Economic development is an intensely contested project, throwing up winners and losers. It has always been so, no matter what the political system
BUSINESS
McKinsey study shows rich getting richer, big getting bigger, in last 25 years
Between 1995 and 2019 in the US, the richest 10 per cent of US households increased their share of equity, pooled funds and retirement savings by seven percentage points to two-thirds of the total, largely at the expense of the next 40 per cent of households
BUSINESS
Thirty years of liberalisation: Reforms lifted GDP growth but didn’t create enough jobs
Overall growth in jobs has been coming down in every decade since liberalisation. The KLEMS database shows that total employment in 2017-18 was lower than in 2011-12
BUSINESS
How does the structural change of the last 30 years compare with that of the 30 years preceding liberalisation?
In several significant development markers such as the change in the share of agriculture and industry in GDP, the period since liberalisation has done worse than the thirty year period prior to the opening up of the economy.
BUSINESS
Moneycontrol Pro Weekender | God’s Own Country
How religiously tolerant are Indians? Does it affect their political leanings? How is the economy placed? What explains Indians’ love for a strong leader? Here are some interesting findings
WORLD
Is today the hundredth anniversary of the Communist Party of China or the Capitalist Party of China?
What kind of communism allows the means of production to be privately owned? What communist government will tolerate such a huge rise in inequality? And the Third Plenum of the CPC in 2013 had said that market forces would play ‘a decisive role’. Communism, really?
BUSINESS
BIS builds three scenarios for the global economy
So far, the recovery has been surprisingly strong. ‘The craving for normality has prevailed’, says the BIS Annual Economic Report
BUSINESS
The priority now must be vaccination, not a fiscal stimulus
Government support by way of credit guarantees and food and fertiliser subsidies is the right policy, till the masses are vaccinated
BUSINESS
Moneycontrol Pro Weekender | Ricardo, Marx, Keynes and stocks
Apart from being renowned personalities, what is common among Ricardo, Marx and Keynes? They made a fortune by investing in stocks
BUSINESS
The impact of the first wave of the pandemic on household finances
Paradoxically, household financial liabilities as a percentage of financial assets has gone down in 2020
BUSINESS
Has China shifted from exporting deflation to exporting inflation instead?
The US import price index for shipments from China has risen sharply in the past few months
BUSINESS
GuruSpeak: John Maynard Keynes -- path-breaking economist, smart investor, swashbuckling speculator
Over the course of his life, Keynes changed course from speculating in the currency and commodity markets to investing in equities. He altered his strategy from a top-down macro approach to bottom-up stock picking, with stellar results. His art collection too gave good returns
BUSINESS
If demand has been hit, as MPC says, how can companies pass on higher costs?
The MPC says that demand has been affected by the second wave while supply has proved resilient. But shouldn’t that lead to lower prices?
BUSINESS
RBI report says second wave caused Rs 2 trillion hit to economy and defends quote fests
The State of the Economy report says the Indian economy will not only bounce back from the pandemic but will unshackle itself from pre-existing cyclical and structural hindrances
BUSINESS
RBI has no option but to ignore inflation now to support the recovery
The spurt in inflation in May has been exacerbated due to the local lockdowns, but even core inflation has gone up and inflationary expectations are already very high
BUSINESS
Moneycontrol Pro Weekender | The elephant in the economy pushing up asset prices
Growing inequality leads to more market investments which raise asset prices, which increases inequality further
ECONOMY
Wary of inflation? A bit of it is actually good for growth
Trying to push inflation down to the 4 per cent level has a cost by way of lower growth
BUSINESS
New corporate tax deal: A tectonic shift in the global economy?
With the G7 agreement on a global minimum corporate tax rate, we could be seeing a new phase of Karl Polanyi’s ‘double movement’
BUSINESS
Unemployment in South Asia will remain higher in 2022 than in 2019, says ILO
Income support policies, the ILO says, are needed for the vulnerable. Could increasing capital gains tax help?
BUSINESS
India’s manufacturing sector continued to expand marginally in May despite the lockdowns
The Monetary Policy Committee will have to consider rising inflation in manufactured goods prices
BUSINESS
In the January-March 2021 quarter, growth climbed to the pre-pandemic level
If we leave out the agriculture sector, then growth in the non-farm sector of the economy in Q4, 2020-21, was 3.8 per cent, well above the 3.1 per cent growth in the non-farm sector in Q4, 2019-20.
BUSINESS
Ten things to look for in the Q4 GDP numbers
We already have the government’s earlier estimates for Q4 growth, which are likely to be exceeded. But we can draw no conclusions about the trend, as the second wave will badly hit growth for at least a quarter
BUSINESS
Moneycontrol Pro Weekender | Defiantly exuberant
Optimism is once again in the air and a few green shoots are visible
BUSINESS
RBI’s annual report warns of the risks of a bubble in equity markets
The annual report looks at the widening gap between stretched asset prices and the weak real economy
