In the aftermath of full lockdown imposed by the central government of Narendra Modi, Indian GDP has crashed by -24% in the June quarter. This is an historic event. Government’s revenues continue to plummet while their expenditures, to supposedly revive the economy, continue to sky rocket resulting in historically high record budget deficits. Government’s debt […]
Author Archives: Madhusudan Raj
26
Aug
Aug
The Indian central bank RBI recently said that, Indian government consumption key to growth in economy amid pandemic. Indian government spending will support the economy during the pandemic, but private consumption will be needed to drive any economic recovery once the coronavirus threat eases. Is it so? Is government spending and consumption key to growth? […]
23
Jul
Jul
We are entering the last months of the tumultuous year of 2020 and the Covid-19 Pandemic is still with us. As I am writing, the total number of worldwide cases have crossed 15 million mark which actually is nothing, 0.19% of total 7.8 billion world population, when we consider all the hype created around this […]
17
Jun
Jun
Praxeology is a science of human action where we logically spin out all the laws of human action starting from an a priori axiom of human action which is apodictic in nature i.e., necessarily true. In this article I am going to use praxeology to understand and then deduce some of the possible outcomes of […]
13
May
May
Amidst the ongoing Covid-19 lock down in India, yesterday the prime minister announced continuation of the lock down in its fourth phase in little less restricted mode. More importantly, he also announced an economic stimulus package worth 20 trillion rupees i.e., some 10% of India’s GDP. This package will also include already announced measures as […]