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Browsing Tag
Indian economy
Explained: Why India’s forex reserves fell by nearly $10 billion, highest in 2 years
India’s foreign exchange reserves fell by $9.64 billion to $622.275 billion during the week ending March 11, 2022, as the rupee depreciated against the US dollar amid the rise in crude oil prices and capital outflows due to sustained…
Income of poorest fifth plunged 53% in 5 yrs; those at top surged
In a trend unprecedented since economic liberalisation, the annual income of the poorest 20% of Indian households, constantly rising since 1995, plunged 53% in the pandemic year 2020-21 from their levels in 2015-16. In the same five-year…
Retro tax to bad bank to telecom: Political call to bite economic bullet
For a government led by Prime Minister Narendra Modi sensitive to charges of corporate favouritism, acquiring substantive shareholding in a private company is a leap of faith. Buried in the fine print of the telecom package was this…
Economic Toll From Second Covid-19 Wave Not As Bad As Feared
<!-- -->The milder hit to the economy coincides with India's vaccination rate picking up pace.The economic toll from a deadly second wave of Covid-19 that swept through India last quarter doesn't appear to be as bad as feared, with…