I decided to publish this piece on Alka’s birthday, July 8, a day that made me reflect on where we’ve come from as a nation, and where we’re headed. I found myself revisiting the question that is often echoed in political speeches and casual conversations alike: Will India become a dominant global power in the […]
The Rise and Fall of Nations: A Two-Century Story Told Through Numbers Read More »
On April 2, President Trump announced sweeping tariffs on nearly 90 countries, claiming they were “Reciprocal Tariffs.” But as it turned out, the only thing they reciprocated was confusion. The rates bore no resemblance to the tariff these countries were charging on imports from USA. Instead, the tariff math seemed to follow a logic of
Unilateralism Unleashed: The Global Risk of U.S. Trade Policy Read More »
Tariffs have been making headlines again. The U.S. government, under President Donald Trump, imposed a 25% duty on imports from Canada and Mexico and an additional 10% duty on goods from China. There were also threats to impose tariffs on other countries with which the U.S. has a trade deficit. Since India has a trade
Why Tariffs Hurt Everyone Read More »
The July 11, 2022, notification from RBI titled ‘International Trade Settlement in Indian Rupees (INR)’ has been hailed as an innovative move to counter the recent sharp depreciation of the rupee and to establish the rupee as a multilateral currency. The notification will allow exports and imports from many countries, including Russia to be denominated
