The Carbon Border: A New Test for Indian Exports
Carbon efficiency is becoming the next test of India’s manufacturing prowess and global market access.
GDP Surge Masks a Complex Economic Picture
Robust GDP growth masks uneven consumption, capital-flow pressures and a widening debate over the methodology of India’s economic data. AI generated image India’s growth outlook is increasingly influenced by interconnected...
The Making of India’s Forex Fortress
Part 2: Three decades after the 1991 crisis, India’s record Forex reserves have transformed the country from a crisis-prone borrower into an economy with a formidable external shock absorber. AI...
From Two Weeks to 11 Months: India’s Forex Revolution
Part 1: The journey from US$1.2 billion in reserves to US$729.3 billion is one of India’s great economic transformations. Part I examines how the foundations were laid. India once had...
From Liberalisation to Scale: India’s Next Reform Challenge
Three decades of reform have transformed India’s economy. It must now dismantle the barriers that prevent growth from scaling. The period from 2014 to 2019 marked a significant turn in...
From Crisis to Take-Off: 35 Years of Economic Reform
Part one of our two-part series examines how the 1991 crisis unravelled the License Raj, unleashed private enterprise and globalisation, and set India on course to be a global economic...
The Currency Called Trust
Trust is one of the economy’s most valuable yet least visible assets. It underpins everyday interactions between individuals, businesses, and institutions, making lending, investment, trade, and long-term partnerships possible despite...
India's Welfare Boom Tests Fiscal Prudence
India’s welfare state is undergoing one of its most significant transformations since economic liberalisation. For decades, public support revolved around subsidising essentials such as food, fuel and fertilisers. Today, that...
El Niño and India’s Economic Future
Even with better forecasting and policy preparedness, El Niño remains a significant risk to agriculture and inflation. With rising temperatures in April, forecasts of the southwest monsoon become a focal...
Why Public Transport Is the Next Economic Reform
As Indian cities swell, the government must treat public transport as critical infrastructure rather than a social service. A central idea in modern urban planning is that real progress is...
