Indian leaders, mainstream news media, government supporters, and many world leaders and global institutions like the IMF, World Bank, or WEF (World Economic Forum) always talk about India being one of the biggest consumer markets, or the fastest growing consumer market etc. How much truth is there in such claims? In this brief write up […]
Author Archives: Madhusudan Raj
15
Jan
Jan
The Indian government and public never get tired of bragging about their economy’s size, and it’s growth rate. For example, India’s economic growth is estimated to surge past most initial private and official forecasts, backed by robust domestic demand and government spending, helping New Delhi cope with punitive U.S. tariffs. The near $4 trillion economy […]
18
Oct
Oct
Newspaper Hindustan Times reported, ‘One Route, One Fare’ scheme launched by Govt. airline. Government-owned Alliance Air has launched the “Fare se Fursat” fixed airfare scheme, which essentially means that the fare will remain constant regardless of the time of booking. Before I write anything about the consequences of this new government “scheme” of One Route, […]
15
Jul
Jul
The science of economics tells us that society’s resources are scarce, and we should use them with extreme care to make sure we do not waste them. The goal of every human action is to fulfill as many needs as possible using those scarce resources. There are two major economic systems that any economy can […]
23
Jun
Jun
The Economic Times newspaper published an article entitled $2.4 Trillion Worth of Gold! India’s Household Hoard is 6x Pakistan’s Economy. Indian households hold an estimated 25,000 tons of gold worth $2.4 trillion—nearly six times Pakistan’s GDP and greater than Italy’s economy. Despite monetization challenges, high prices and strong demand keep gold central to Indian wealth. […]