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C P Chandrasekhar & Jayati Ghosh

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India is failing its young women in terms of work

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BusinessLine Anyone who has been following the upsurge of protests across the country in the wake of the CAA-NRC moves of the government would have been impressed and inspired by the role played by young women. They have been forthright and fearless in articul... More »

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What’s brought about the deep crisis in manufacturing?

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BusinessLine With the Index of Industrial Production (IIP) registering negative month-on-month annual rates of growth over the three months ending October 2019, the perception — based on trends in individual industries — that the Indian industry is experiencin... More »

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What really happened to public spending in 2018-19

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BusinessLine It is now widely recognised that the Finance Minister misinformed Parliament when presenting the revised estimates for Central government revenues and expenditures in the Union Budget presented in July 2019. That fact has, however, been largely fo... More »

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Changing trends in bank credit, post demonetisation

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BusinessLine One of the more unusual features of the Indian economy relates to the banking sector, with bad loans of commercial banks becoming a serious problem even at relatively low aggregate credit to GDP ratios by international standards. Even at the peak ... More »

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GST regime proving to be troublesome for States

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BusinessLine Two years after its implementation, the extent to which the Goods and Services Tax (GST) regime is an improvement upon the earlier system of multiple excise and sales taxes remains unclear. As of now, there are several worrying trends. The first i... More »

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The growing pains of external debt in Asia

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BusinessLine The global crisis and subsequent slowdown in imports of advanced economies put a brake on the export-oriented growth of developing Asia, forcing many countries in the region to look for other sources of dynamism. The instabilities and vulnerabilit... More »

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The tortuous path of corporate finance in India

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BusinessLine With India’s development strategy relying increasingly on private investors across industrial and infrastructural categories, the question of how private investment would be financed has moved to centre stage. This question has gained in significa... More »

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Is the world economy spiralling towards another debt crisis?

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BusinessLine The spectre of unsustainable debt has returned to haunt governments across the world. Even when self-imposed or externally enforced austerity has forced governments to retract from the debt-financed stimuli they adopted in the aftermath of the glo... More »

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Worrying trends in the global trade scenario

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BusinessLine World trade is in deceleration mode. After having recovered smartly from 2.3 and 1.6 per cent in 2015 and 2016 to 4.6 per cent in 2017, the growth in the volume of world merchandise trade slowed to 3.0 per cent in 2018, WTO estimates show (Chart 1... More »

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Vanishing green shoots and the possibility of another crisis

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BusinessLine When the third estimate of US growth in the last quarter of 2018 was released the euphoria exuded by forecasters of global growth even a few months earlier waned. The annualised quarter-on-quarter growth rate that had risen to a more than comforta... More »

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Why is South Asia performing so badly on the SDGs?

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BusinessLine The SDGs were obviously incredibly ambitious – far more so than the Millennium Development Goals that they succeeded – and so it was indeed a remarkable achievement that governments of almost all countries signed up to them. There were no less tha... More »