One is almost certain to hear this from an economist that if something is available at free of cost or at a subsidised rate thanks to government intervention, then people tend to overuse or overconsume such goods/ commodities. So, the best solution is to create a market for such 'almost freely available' or 'highly subsidised' goods or commodities. Once people start paying to use or consume such goods/ commodities, they...

-The Telegraph Challenges to economic recovery in India and the world remain The International Monetary Fund revealed its outlook for the world economy last week. A year and a half after the pandemic, global recovery remained reassuringly strong: the world economy is expected to grow a tad slower (10 basis points) this year at 5.9 per cent and at an unchanged pace — 4.9 per cent — next year. But the exit...

-Newsclick.in The Biden administration is realising this. The need of the hour, therefore, is to build a post-pandemic growth strategy centred on an increase in public investment and public spending. The period of neo-liberalism witnesses an increase in the share of economic surplus in total output both in individual countries and also for the world as a whole. This is because the “opening” up of the economy to freer trade in goods...

-The Hindu The analysis is fraught with caveats and the interpretation of the survey results calls for caution Last week, the Ministry of Labour and Employment released the results of a new Quarterly Employment Survey (QES) for April-June 2021 for the organised (formal) sector. It represents establishments (or units) employing ten or more workers. The surveyed sectors were manufacturing, construction, trade, transport, education, health, accommodation and restaurant, Information Technology/Business Process Outsourcing (IT/BPO),...

-Livemint.com Real estate must contribute more to our economy and that calls for sectoral reforms and cheap homes Over the past few weeks, the financial and economic world has been worried about the likely collapse of Evergrande, the world’s most-indebted real estate company. At the same time, the bigger issue of China’s dependence for growth on its real-estate sector remains. In a working paper titled, Peak China Housing, Kenneth S. Rogoff and Yuanchen...