GDP

What should India’s response be to rising inflation?

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The Rising Inflation Rates The disruptions in the global supply chain brought about by COVID-19, exacerbated by the invasion of Ukraine by Russia, have sent prices of all items skyrocketing. Table 1 details the inflation rates for several major economies. While the rise in the inflation rate has been high for 2022, the increases are […]

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Revisiting the Prediction about BRICs

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In 2003, Goldman Sachs published the ‘Global Economics Paper No: 99’ entitled, ‘Dreaming With BRICs: The Path to 2050’, authored by Dominic Wilson and Roopa Purushothaman, that made predictions about dramatic changes in the global economic order over the next five decades, with the economies of Brazil, Russia, India, and China – BRICs economies –

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