As India’s population of 1.4 billion people becomes the world’s largest, its GDP is forecast to expand dramatically. Goldman Sachs Research projects India will have the world’s second-largest economy by 2075.
For India, a key to realizing the potential of...
When the term 'development' is attached to political economy, its primary objective is to ensure that economics contributes to greater liberty and justice within society. Contemporary development political economy emphasizes achieving the Sustainable Development Goals, building on the progress...
Reserve Bank of India (RBI) says that the global economy is currently grappling with formidable challenges, including elevated inflation, substantial debt burdens, volatile financial conditions, ongoing geopolitical tensions, instances of fragmentation, and severe weather occurrences. In its latest Bulletin,...
A GOOD deal of analysis of the recent political upheaval in Bangladesh has focussed on the high-handedness and authoritarianism of Sheikh Hasina’s government; it has either missed altogether, or generally underplayed, the change that has occurred in the economic...
By John P. Ruehl
Established Western economic institutions are facing a formidable challenge from Chinese newcomers, each side offering distinct and competitive lending strategies with far-reaching consequences for global infrastructure and development.
In October 2023, amid celebrations commemorating the 10th anniversary...
The global economic growth forecast indicates a decrease from around 3.5 percent in 2022 to 3.0 percent for both 2023 and 2024, according to IMF. Although the 2023 projection is slightly improved compared to earlier predictions, it remains weak....
MANY economists have been advocating a universal basic income for India, an idea that was mooted even in the official Economic Survey for 2016-17. Of course the practical proposals towards this end have varied, some suggesting a common universal...
THE fact that the world economy has slowed down since the financial crisis of 2008 is beyond dispute. In fact even conservative American economists have started using the term “secular stagnation” to describe the current situation (though they have...
After two consecutive quarterly declines, global trade in goods and services rebounded in January-March 2023. However, the outlook for the rest of the year is grim. The latest Global Trade Update from UNCTAD reveals positive trade growth for goods...
THE eighteenth and nineteenth centuries had witnessed the emergence of two different paradigms of colonialism: the first, of which India was the classic example, involved the conquest of countries which had had a history of established central administrations that...
