Synopsis: Challenges faced by exporters due to steep rise in ocean freight rates and congestion in various ports of the world. Contents1 Introduction2 Why there’s been an increase in freight charges?3 Who has benefitted out of it?4 How increased freight rates is impacting Indian Exporters?5 What are the complaints raised by exporters?6 What are possible… Continue reading Winners and losers in shipping crisis
Author: Ram Manohar
A step backward: On unemployment in India
Synopsis: The periodic labour force survey (PLFS) indicates that India, far from modernising and formalising its economy, seems to be moving backwards in terms of the employment available. Introduction Recent PLF survey has stated that unemployment rate has declined by a percentage point to 4.8 per cent in 2019-20. The previous number, in the first… Continue reading A step backward: On unemployment in India
Let central banks stay focused on their goals
Synopsis: Urjit Patel has suggested adding climate aims to the monetary agenda, however it has multiple risks associated to it. Hence, other tools should be used for our carbon crisis. Introduction Recently, former Reserve Bank of India (RBI) governor Urjit Patel laid out a strong argument in favour of the proposition of adding climate goals… Continue reading Let central banks stay focused on their goals
Sri Lanka’s economic crisis: Challenges for India – Explained, pointwise
For 7PM Editorial Archives click HERE → Contents1 Introduction2 What is the current economic situation in Sri Lanka?3 Issues in India-Sri Lanka relations 4 Implications for India5 Suggestions/Measures6 Way forward Introduction Sri Lanka’s government recently declared an economic emergency. The country is witnessing rising food prices, a depreciating currency, and rapidly depleting forex reserves. The army has been called in… Continue reading Sri Lanka’s economic crisis: Challenges for India – Explained, pointwise
The irrelevance of Indian GDP estimates to most of our citizens
Synopsis: Economic recovery is unlikely to prove sustainable when most basic indicators of human development show a worsening of our situation. Introduction Estimates of gross domestic product (GDP) for the first quarter of fiscal year 2021-22 were released on 31 August. This year’s first-quarter estimate shows a 20%-plus GDP growth. However, the real issue is… Continue reading The irrelevance of Indian GDP estimates to most of our citizens
What Chandrayaan-2 has sent
Synopsis: The failure of Chandrayaan-2 to make a soft-landing on the lunar surface had led to much disappointment. However, Orbiter part of the mission has gathered a wealth of new information. Introduction Due to crash landing, ISRO missed the opportunity to demonstrate soft-landing in outer space and gather more local information. The lander Vikram and rover… Continue reading What Chandrayaan-2 has sent
How India and Germany can work together to tackle climate change
Synopsis: India and Germany have innovative economies and many highly-trained people. There is a need to harness this potential, especially to fight climate change. Introduction The Covid-19 pandemic has left no country untouched. It is safe to say, we will either beat Covid-19 worldwide or not at all. The virus briefly drew attention away from… Continue reading How India and Germany can work together to tackle climate change
Where’s The V-Shaped Recovery?
Synopsis: Govt should recognize the evidence of distress and job loss in India. V-shaped recovery is still far away. Introduction According to the government, India’s economy is bright and strong since headline GDP grew 20% in the recent quarter after falling 24% in the same quarter last year. However, it is important to evaluate the… Continue reading Where’s The V-Shaped Recovery?
A new Vajpayee moment for the troubled Indian telecom sector
Synopsis: There is a need to maintain a robust telecom sector for country-wide access to citizens and for accelerating economic growth. Contents1 Introduction2 What reforms were brought by Vajpayee govt in telecom sector?3 What is the present scenario in telecom sector?4 What steps should govt take? Introduction India opened up the telecom sector to private… Continue reading A new Vajpayee moment for the troubled Indian telecom sector
Central banks must stop ignoring climate change
Synopsis: Ignoring climate risks will complicate macroeconomic management, just as overlooking financial risks eventually led to the global financial crisis. Contents1 Introduction2 What is the issue with current policies of central banks towards combating climate change?3 What needs to be done?4 What is the way forward? Introduction Economic activity, is strongly integrated with emissions that… Continue reading Central banks must stop ignoring climate change
