The phenomenon is in deep post-covid trouble, but it will go on. The question is: what will globalise?
4 min read16 Apr 2020'Animal spirits' - a term coined by British economist John Maynard Keynes to refer to investors’ confidence in taking actionThe poor reading signals a protracted slowdown, and may influence the Reserve Bank of India to cut interest rates for a sixth time this year in December
3 min read21 Nov 2019Chief economic adviser Arvind Subramanian has resigned because he is expecting a grandchild in the US. This has bitterly divided economists
3 min read26 Jun 2018None of the contemporary debate would have been possible without the googly that Milton Friedman and Edmund Phelps threw at the economics profession
4 min read23 Apr 2018As a member of the Chamberlain Commission, he wanted the Imperial Bank of India (later SBI) to become a full-fledged central bank
7 min read2 Dec 2017ECB's Mario Draghi says central banks need to carefully weigh their policies, give up their obsolete approaches while acknowledging gaps in their knowledge of how new policies work
2 min read23 Aug 2017Quantitative easing , which saw major central banks buying government bonds outright and quadrupling their balance sheets since 2008 to $15 trillion, has boosted asset prices
3 min read22 Aug 2017Arvind Subramanian quoting several writers, from John Maynard Keynes to Arvind Adiga, in the Economic Survey has given a literary edge to the document
2 min read3 Feb 2017Large public debts are not always bad for an economy, just as efforts to rein them in are not always beneficial
4 min read2 Jan 2017If we have learned anything in 2016, it is that leaving everything to the market can lead to social and political turmoil
4 min read30 Dec 2016The Union Budget contains details about the estimated receipts and the expenditure of the government for a particular fiscal year. The Budget is allotted for the upcoming fiscal year, which runs from 1st April to 31st March of the next year. Here is a quick guide on how the Union Budget is prepared