-Networkideas.org The Russian invasion of Ukraine and the subsequent war sparked rapid and dramatic increases in some global trade prices, particularly for fuel products, wheat and fertilizer for which Russia and Ukraine are major exporters. It is now clear that these price changes were not due to actual changes in total supply, which remained largely unchanged (although source locations and trade routes shifted). Instead, market expectations amplified by media hype, financial...
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The worrying trade gap with China -CP Chandrasekhar and jayati ghosh
-The Hindu Business Line Policy deficit. The widening trade deficit with China points to a weakness in India’s industrial growth path It was headline news when Chinese customs statistics at the end of September 2022 indicated that for a second calendar year, India’s trade with China would settle at well above $100 billion. That was only partly because of the positive implications of burgeoning trade between the two countries that only two...
More »The Continuing Tax Gift to Big Indian Companies -CP Chandrasekhar and jayati ghosh
-Macroscan.org/ The Hindu Business Line The Indian tax system is heavily weighted in favour of large corporations, and has become even more so in recent times. Please click here to access the article. ...
More »A food crisis not of their making -CP Chandrasekhar and jayati ghosh
-The Hindu Business Line The crisis in low, middle-income nations is driven by speculation, falling purchasing power and depreciating currencies Among the many crises hitting low and middle income countries (LMICs) today, the emergence of extreme hunger and undernutrition is getting much less attention than it should. The cost-of-living” crisis in advanced economies gets a lot of international media attention. It is certainly evident and has political implications. But what is occurring in...
More »An economist proposes ways for India to revive its economy in the wake of the Covid-19 pandemic -jayati ghosh
-Scroll.in An excerpt from ‘The Making of a Catastrophe: The Disastrous Economic Fallout of the Covid-19 Pandemic in India,’ by jayati ghosh. There was much that was wrong with the Indian economy, society, and polity before the pandemic struck; and this book has suggested that much more has gone wrong since. It is easy to feel horror at the inequalities exposed and accentuated by governmental and societal responses to the pandemic, despair...
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