The general idea of protectionism is based on a notion that somehow banning or restricting trade will benefit society or a particular industry. The Encyclopedia of Brittanica defines protectionism as a policy of protecting domestic industries against foreign competition by means of tariffs, subsidies, import quotas, or other restrictions or handicaps placed on the imports […]
26
Jan
Jan
The state assembly elections of Gujarat, Himachal Pradesh, and some of the by-poll elections are over in India and the results are out. In 2023 more state assembly elections in states like Madhya Pradesh etc., are going to be conducted. Not a year passes by in India when some or the other election is not […]
25
Nov
Nov
After the Indian GDP – in nominal cash terms according to exchange rate adjusted basis – overtook the UK GDP a few months back India’s prime minister Narendra Modi said, Achieving this spot is special as we have left behind those who ruled over us for 250 years. Another newspaper proclaimed, The timing couldn’t have […]
16
Oct
Oct
The amazing Indian finance minister Nirmala Sitharaman is trying very hard to somehow defend the abysmal economic performance of her government. As I have mentioned in my past writings, the Indian rupee will continue to slide because of the crazy money printing sprees by the Indian central bank RBI, and RBI is forced to print […]
11
Sep
Sep
India’s Finance Minister Nirmala Sitharaman at the US-India Business Council’s India Ideas Summit said, Instead of inflation, red-lettered priorities for the country would of course be jobs, equitable wealth distribution and making sure India is moving on the path of growth. In this essay I am going to discuss the relationship of inflation with jobs, […]