What are India’s GDP Numbers Telling us About its Growth?
Reports from the ground suggest that slackening demand drives the slowdown. In picture, a worker checking the joints used for cement filtration at a manufacturing facility in Kolkata, in 2012. | Photo Credit: RUPAK DE CHOWDHURI/REUTERS While the robustness of the official estimates of the GDP and its growth in
Vizag Steel’s Revival Plan Ignores Core Reform: Mine Access
On January 15, when the rest of Andhra Pradesh celebrated Sankranti, the employees of Vizag Steel stood firmly outside the Visakhapatnam steel plant in protest. They demanded their pending salaries—In fact, since September 2024, their salaries have been inconsistent. But that did not stop employees from working at the steel
India’s Startup Revolution is No Longer Soaring Skyward. Lack of Consumption Demand and Funds are to Blame
Prime Minister Narendra Modi poses for a selfie during the launch of “Startup India”, at Vigyan Bhawan in New Delhi on January 16, 2016. For 2024, the Hurun Research Institute’s Global Unicorn Index showed that India’s startup ecosystem had slowed, with the number of unicorns down for the first time
Hindenburg Research Shut Down: Inside Story of the Short-Seller that Exposed Adani Group
Why did the US short-seller Hindenburg Research shut shop? Was it on account of real or perceived pressures and apprehensions of doom and despair? Or was it simply because the firm’s founder Nathan (Nate) Anderson and his 11 colleagues just wanted to move on, having achieved what they wanted less
India’s Growth Slowdown Meets Global Headwinds
For many economists, India now is in what they call a “cyclical growth slowdown”: essentially a slump in demand that causes a temporary bump on the road. And this may be the more optimistic take. | Photo Credit: Getty Images Reams of news space were occupied this week by the
How AAP’s Trickle-up Economics Offers an Alternative Path of Development | Book Excerpt from ‘The Delhi Model’ by Jasmine Shah
Aam Aadmi Party National Convener Arvind Kejriwal, flanked by Delhi Chief Minister Atishi (right) and party leader Manish Sisodia (left) during the book launch of Jasmine Shah’s The Delhi Model, in New Delhi on December 15, 2024. | Photo Credit: Shahbaz Khan/PTI Ahead of the final leg of the 2024
Explained: The Fall of the Rupee, the RBI’s Response, and Current State of India’s Economy
Things have taken a rocky turn for the Indian rupee this year and the Central Bank is worried about how the domestic currency is unspooling. Representational image. | Photo Credit: REUTERS In what feels like chucking pails of water at a forest fire, the RBI has been selling dollars in
The Adani-Modi Nexus Faces Its Greatest Test
To contend that the indictment of Gautam Adani, his nephew, and their associates, in the United States has dealt a blow to the ambitions of one of India’s, and the world’s, richest men, would be an understatement. The prominent tycoon, whose proximity to Prime Minister Narendra Modi is the stuff
Adani Group Faces Global Scrutiny While SEBI Stands Silent: What’s at Stake?
In a proverbial “when it rains, it pours” moment, the Adani Group is having a rather disastrous close to the year. French oil major TotalEnergies won’t make any more investments in the Adani Group, saying it was not informed of the US bribery charges against Gautam Adani. Kenya has canceled
Bihar Alcohol Ban 2016-2024: Impact, Failures, and Political Future
When Chief Minister Nitish Kumar banned the sale of alcohol in Bihar in 2016, it sparked mixed reactions. Recently, the Patna High Court castigated State government officials, suggesting that they were making money from the rampant illicit liquor trade enabled by them. The High Court made strong remarks while overturning