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 […]
Author Archives: Madhusudan Raj
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. […]
09
Jun
Jun
Of late there are lots of economic falsehoods being spread around about India’s economy by the Modi government, and it’s lapdog media. The first one being India becomes the fourth-largest economy of the world, overtaking Japan, and the second is its extreme poverty rate declining to 5.3% after the World Bank raised its poverty line […]
02
Feb
Feb
I want to quickly comment on the recent budget of Modi’s third term government. Firstly, government’s budget gets way too much attention than what it should ideally get. This is just a proposed budget, the actual budget will be different. Government’s daily policy actions have more impact on the economy than the budget e.g., Modi’s […]
04
Jan
Jan
There is a raging debate going on between the patriot Americans from elected president Donald Trump’s MAGA (Make America Great Again) party and his appointed DOGE (Department of Government Efficiency) members, billionaire Elon Musk and Vivek Ramaswamy. The debate is over the issue of legal migration by mainly Indians using the H1B visa program. The […]