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,...
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 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....
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...
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...
