-Newslaundry.com The finance minister asked a valid question. Here’s the answer. Last Tuesday, finance minister Nirmala Sitharaman asked India’s corporate honchos why they were not investing in the Indian economy. “I want to hear from India Inc,” she said, “what’s stopping you when countries and industries abroad think this is the place to be.” This is a valid question. In this piece, we will try and piece together why India Inc, as corporate India...
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Realistic analysis shows that the Indian economy has simply taken little steps in Q1 instead of a quantum leap
There is euphoria abound about India's growth performance during the first quarter of the current fiscal. As compared to the corresponding period last year, the year-on-year (y-o-y) GDP growth in the first quarter (Q1) of 2022-23 is down. However, one should take into account the fact that the high growth performance of the real GDP in Q1 of 2021-22 was due to the low base in the corresponding period of...
More »Why it will be hard to shrink trade deficit -Vivek Kaul
-Livemint.com * Price of oil and other commodities have fallen recently as fears of a recession have risen * But oil price is still high versus last year and needs to fall further to contain the import bill India’s trade deficit in June came in at the highest level ever of $26.2 billion. The previous high was in May, when the deficit had stood at $24.2 billion. The trade deficit is the difference...
More »The women who went missing in our demographic dividend -Vivek Kaul
-Livemint.com Indian women are getting better educated and having fewer babies but not taking enough paid jobs In the small talk that well-to-do middle-aged Indian men tend to make in their drawing rooms over a cup of tea, they often blame our huge population as the root cause of all our problems, social, economic and political. Their solution is population control. In their heads, it’s a case-closing argument. The mother of all...
More »Why wheat prices have shot up despite India’s huge reserves -Vivek Kaul
-Livemint.com Central stocks haven’t been released while exports were upped to fill a Ukraine war-created vacuum One side effect of Russia attacking Ukraine has been a rise in global wheat prices. Wheat importers are struggling. I had written about this possibility in this space on 23 March (‘Like oil, soaring prices of wheat could have broad repercussions’). Towards the end, I had said that India was unlikely to be impacted primarily because...
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