Against the backdrop of sanctions, geopolitical fragmentation, and armed conflicts, volatility in global energy markets poses a direct challenge to India’s growth strategy.
Subsidies are here to stay. Worryingly, subsidy expenditure will likely increase as Indian politicians try to meet a wider set of aspirations through more diverse freebies.
Paper co-authored by SBI chief economist Soumya Kanti Ghosh underscores how policies geared towards boosting real income and reducing inflation could help hike savings rate in India.
Gujarat is a classic case of a corporate-led development model which involves increasing prosperity for the rich, but very little benefit of growth trickles down to the poor.
Pakistan’s relations with the Gulf states are clouded by the fact that it aimed to play a larger role in the region on behalf of the US than it can bargain for.
The Pakistani political leadership is weak and devoid of any intellect. Its diplomacy is entirely India-China-US focused and suffers from a presumptive view of Afghanistan as a vassal.
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