“For many, 2023 would feel like a RECESSION!!” This was the exact statement from the International Monetary Fund (IMF) in its World Economic Outlook report published recently. THE FORECAST? The IMF has cut global growth forecast & predicts that global growth will slow to 2.7% in 2023, which is now at a steady rate of…
Category: ECONOMY
GATI SHAKTHI – CAN INDIA TAKE LEVERAGE OF THE SITUATION TO BE “THE NEXT CHINA”??
One year ago, on October 13, The Prime Minister of India launched “PM – GATI SHAKTHI (Strength of speed) – National Masterplan for Multimodal Connectivity”, i.e., Connectivity to various ECONOMIC ZONES like textile clusters, pharmaceutical clusters, industrial corridors, fishing clusters, agricultural zones! The idea behind is to BUILD INFRASTRUCTURE (Integrating schemes like Bharat mala, Sagar mala…
IS THE UK ECONOMY CRASHING?
The recent U-turn on 45% tax cut by the UK Prime Minister, Liz Truss, within 24 hours of defending the move publicly has set her administration on a backfoot which is barely 1 month in office!! WHAT IS THE TAX CUT ABOUT? Existing income tax slabs – 0% -Income < 12,570 Pound sterling 20% 40%…
‘DOSA ECONOMICS’ – IMPACT OF INFLATION ON COMMONERS?
Being a huge fan of Dr. Raghuram Rajan, former Governor of RBI, I had thought to simplify his famous “DOSANOMICS” which he had explained in his book “I do what I do”. WHY IS THIS IMPORTANT NOW? With RBI hiking interest rates by 50 basis points to 5.90% (as mentioned in earlier post), in a…
1$ = 81.38 Rupees!!! THE LOGIC BEHIND!
Taking a trip out with your family might be expensive in recent days, be it booking a hotel, food, travel, miscellaneous etc., The fact is that, in India, the condition is better compared to other countries where inflation is the reason for 22% higher thefts in supermarkets! In the last one decade, the rupee has…