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Why India's steady sovereign bond yields should not be read as a sign that everything is okay

New Delhi, July 13 -- Last month, the Reserve Bank of India's (RBI) Financial Stability Report arrived amid a turbulent macroeconomic environment. Oil prices had spiked due to West Asia tensions, the ... Read More


Ajit Ranade: why MBA and engineering degrees aren't dead-but job descriptions are

New Delhi, June 29 -- A casual remark by Chief Economic Advisor (CEA) V. Anantha Nageswaran has travelled farther than he perhaps intended. He observed that engineering and MBA degrees may no longer g... Read More


Ajit Ranade: RBI has shored India up on the external front for now but durable defences matter more

New Delhi, June 15 -- When India's currency comes under pressure, the key question is whether policy buys time or space for complacency. The Reserve Bank of India's (RBI) recent measures to attract do... Read More


Ajit Ranade: India's fertilizer policy has a fatal flaw and a brewing economic crisis is the right time to tackle it

New Delhi, June 1 -- As the kharif sowing season begins, India faces a storm that combines geopolitics, food security, ecological damage and fiscal stress. The Prime Minister has launched a 'Save the ... Read More


Ajit Ranade: Why India's central bank should not turn into a fiscal stabilizer for the government

New Delhi, May 18 -- India's central bank has quietly become a key pillar of macroeconomic stability. It is not just a monetary authority, but increasingly playing a role as a fiscal shock absorber. T... Read More


Broken links: How is academic work best judged in the brave new world of artificial intelligence?

New Delhi, May 4 -- When a graduate student today sets out to research inflation dynamics or quantum materials, she does not head to a library database. She opens ChatGPT or Perplexity, types her quer... Read More


India's low wages and high profits-why a moment of labour reckoning may be upon us

New Delhi, April 20 -- Edward Bernstein, an American economist, observed that inflation is ultimately a social tug of war; between those unwilling to relinquish their gains and those fighting for thei... Read More