News: In a recent interview Raghuram Rajan, the former governor of the Reserve Bank of India, has suggested that India should focus primarily on exports of information technology-enabled services (ITeS) along with professional services such as consultancy, legal, medicine, accounting, etc. Contents1 What are the problems associated with making service export as the mainstay of… Continue reading An alternative export strategy
Category: 9 PM Daily Articles
A new Vision for Old age care
News: According to the UN World Population Ageing Report, India’s ageing population (those aged 60 and above) is projected to increase to nearly 20% by 2050 from about 8% now. Also currently, as India becomes increasingly urbanised, families are breaking up into smaller units which has lead to several homes for the elderly coming up… Continue reading A new Vision for Old age care
Managing the rupee
News: Due to Russian Invasion of Ukraine, US imposed a ban on energy imports from Russia and its other allies could do the same. Their corporations in the energy sector are moving out of Russia. It could permanently reshape the dynamics of energy sector. Energy prices might stay elevated in the foreseeable future even if… Continue reading Managing the rupee
Global stagflation risk
IMF had already reduced the global growth outlook due to the Omicron variant to 4.4%, now after the Ukraine crisis situation has become much worse. How Russian invasion of Ukraine is affecting the global economic scenario? Read – Sanctions and their Effectiveness – Explained, pointwise Sanctions on Russia have led to a drastic fall of… Continue reading Global stagflation risk
The burden of Govt Equity in PSUs
News: From the analysis of PSU investments by different governments in the last two decades, the result shows that their share in total government expenditure increased rapidly since 2014. What has been the disinvestment and Privatisation trajectory in the last decade? Although the government in the time period ranging from 2009-2014 dropped the total equity… Continue reading The burden of Govt Equity in PSUs
THE MACROECONOMIC FRAMEWORK THAT CAN GUIDE OUR POLICY CHOICES
News: Indian policymakers have been gradually rolling back the Covid-19 pandemic stimulus, given since 2020. The ongoing Ukraine Crisis-2022 will have multiple economic implications for policymakers now. Contents1 Upcoming Challenges to due to Ukrainian Crisis2 What should be the policy Reponses?3 Following are the 4 macroeconomic spaces that are depicted in the diagram above:4 Combined… Continue reading THE MACROECONOMIC FRAMEWORK THAT CAN GUIDE OUR POLICY CHOICES
We may need a Bretton woods pact of data regulation
News: Experts globally have been voicing the need for an international solution for data protection and regulation on the lines of Bretton woods arrangement of the 1940s. What is the need for an international approach for data protection standard? Currently there are broadly three different approaches to data governance being practised by countries around… Continue reading We may need a Bretton woods pact of data regulation
Why India may not get a sizable role in post-war reconstruction of Ukraine
Context: After Ukraine crisis, major international bodies will be framing world order. India might not be a participant in decision making due to its weak presence on international institutions. After World War II, the Global Reconstruction was handled by newly created international organizations, like the United Nations (UNs), the IMF, and the World Bank.… Continue reading Why India may not get a sizable role in post-war reconstruction of Ukraine
Revive tax increases, stub out tobacco product use
Context: Apart from COVID-19 pandemic (which is reported to have killed half a million Indians over the past two years), tobacco is a silent killer in our midst that kills an estimated 1.35 million Indians every year. Impact of Tobacco Consumption Tobacco Related Death: 3,500 Indians die every single day, as estimated by scientific… Continue reading Revive tax increases, stub out tobacco product use
If women are not empowered, the economy loses
News: Women in India have been in top positions in almost all the sectors like politics, administration and financial sector as well. However, despite this progress, we have a long way to go before we could say that there is complete gender equality in every respect. Glass ceilings are beginning to shatter, but there is… Continue reading If women are not empowered, the economy loses
