Friday, Oct 07, 2022
Journalism of Courage
Udit Misra
Udit Misra is Deputy Associate Editor
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More From Udit Misra
World Bank says 70 million plunged into poverty in 2020: What caused setbacks in India, world
Both poverty and inequality have gone up sharply; an outright reversal from the long-term trend of reduction across the world.
Thu, Oct 06, 2022
What led to the Credit Suisse crisis, and what is the road ahead?
There is speculation that Credit Suisse is about to collapse, much like Lehman Brothers did in 2008. What has triggered the concern?
Fri, Oct 07, 2022
ExplainSpeaking: As RSS sounds alarm, taking stock of India’s poverty, inequality and unemployment
RSS general secretary Dattatreya Hosabale likening poverty to a demon that needed to be slain suggests growing acknowledgement within the RSS of economic distress in the country
Wed, Oct 05, 2022
Expert Explains: UK financial crisis and global economic outlook
Udit Misra speaks to Adam Tooze, Professor of History, University of Columbia, on the mayhem in UK economy and more.
Mon, Oct 03, 2022
Fallout of India’s pandemic response: a critical assessment of impact across social groups
In this book, Jayati Ghosh, professor of economics at the University of Massachusetts, argues that beyond the health and mortality impacts, the economic and social devastation in India was a result of the central government’s actions and inaction.
Fri, Sep 30, 2022
How RBI has cut the growth forecast by raising it
Oddly enough, even though RBI has cut the full-year GDP growth forecast, it has raised it for the last three of the four quarters.
Fri, Sep 30, 2022
The mess in the UK economy, and why the govt is being blamed for it
The Truss-Kwarteng 'mini-Budget' provides tax relief but does so at the cost of increased government borrowings. This has spooked the investors because they do not find the government's growth plan credible
Thu, Sep 29, 2022
ExplainSpeaking: Why RBI is likely to cut GDP growth forecast and raise interest rates
Six percent is emerging as the key macro number to watch out for in the lead up to the next general elections in 2024. The RBI cannot allow inflation to soar above it and the government cannot allow the GDP growth rate to fall below it.
Tue, Sep 27, 2022
ExplainSpeaking: Why is Hanuman not flying?
Notwithstanding a historic cut in corporate tax rates, investments (as a percentage of GDP) have remained stagnant in the past eight years. By contrast, investments contributed handsomely during the 10 years of UPA rule, notwithstanding the Global Financial Crisis.
Tue, Sep 20, 2022
What explains the divergence between the RBI and govt on monetary policy?
The core policy concern is what to prioritise: economic growth or controlling price rise. The latter cannot be done without hurting the prospects of the former. The Govt wants high growth as elections approach, but the RBI must, by law, act to check rising prices
Sun, Sep 18, 2022
Why is India’s August unemployment rate the highest in the past 12 months?
There is a significant variance in the unemployment rate across states. Haryana, J&K and Rajasthan have the highest levels of unemployment rate — each with over 30% of the unemployment rate.
Thu, Sep 15, 2022
ExplainSpeaking: How to read the latest Human Development Report
The Human Development Report for 2022 details six different human development indices. Here's how India performed on each one of them.
Mon, Sep 12, 2022
What global trends in road safety show, and why some Indians won’t buckle up
A video issued in the public interest by the Union Ministry of Road Transport and Highways says wearing a seat belt reduces the impact of an accident by 80 per cent.
Wed, Sep 07, 2022
ExplainSpeaking | How to read India’s GDP growth achievements
Overtaking the UK in overall GDP and growing at a 14% rate in Q1 are both creditable achievements but here’s why they should not be conflated with widespread prosperity
Tue, Sep 06, 2022
India overtakes the UK as world’s fifth-largest economy: 5 charts to put this in perspective
India has become the world's fifth-largest economy, after overtaking the UK. Here are five charts that place the development in perspective.
Sun, Sep 04, 2022
Explained: Perestroika and Glasnost – Gorbachev’s reform mantras
Two words — “perestroika” and “glasnost” — will forever be associated with Gorbachev and, in essence, will be his legacy
Wed, Aug 31, 2022
ExplainSpeaking | The economics of road safety: What India can learn from the rest of the world
The death of Cyrus Mistry, former Chairman of the Tata Group, in a road accident has brought the issue of road and care safety into sharp focus. Initial reports suggest that Mistry, who was seated in the back, was not wearing a seat belt.
Mon, Sep 05, 2022
ExplainSpeaking: How should public sector banks be privatised?
In the Union Budget 2021-22, the government announced its decision to privatise two public sector banks. Are private banks more efficient than public sector banks? And should the government follow a cautious and gradual approach to privatise banks or a wholesale, rapid approach? We explain
Mon, Aug 22, 2022
Explained Books: Why the paths to development vary from nation to nation
Why do some countries prosper and others don’t? Stefan Dercon's book is on the basis of his experience of studying the evolution of several key African and Asian economies over the past few decades. He makes three essential points.
Sun, Aug 21, 2022
India as a ‘developed’ country: where we are, and the challenges ahead, explained
The 'developed country' goal is the first of the five vows that Prime Minister Narendra Modi exhorted Indians to take during his address to the nation on Independence Day. What does being a developed country entail, where does India stand now, and what are the challenges on the road that it faces here onward?
Fri, Aug 19, 2022
ExplainSpeaking | India at 75: 11 charts to understand how far India has come and how far it needs to go still
As India celebrates 75 years of Independence, we take a look at the country's performance along several variables like GDP, average income, human development index and more
Wed, Aug 17, 2022
ExplainSpeaking: What RBI’s surveys tell about India’s economy
We take a look at the seven surveys conducted by the RBI, ranging from consumer confidence to GDP growth expectations, and what they tell us about the state of the Indian economy.
Wed, Aug 10, 2022
ExplainSpeaking | Global bright spot or the one-eyed king: Making sense of India’s GDP growth projections
Employment data both from MGNREGA and the annual report of companies shows that even an 8.7% GDP growth rate in FY22 was not adequate to create enough jobs. Here’s why India’s K-shaped economic recovery has several ‘K’s within it.
Tue, Aug 02, 2022
Explained Books: Second coming of India’s economic might
Sanjay Baru’s book, 75 Years of Indian Economy, doesn’t restrict itself to that time frame alone. He sees India’s current economic resurgence as part of a long history.
Sat, Jul 30, 2022
Explained: Fed Reserve rate hike, US recession and impact on India
The US economy is facing a curious situation. On the one hand, it is experiencing a four-decade high inflation rate and, on the other, its unemployment rate is at five-decade low.
Mon, Aug 22, 2022