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 […]
Category Archives: Analysis
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 […]
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, […]
07
Aug
Aug
Nationalism is rising in India under the relentless propaganda from the Indian government and its leaders. Such nationalism for India is nothing new. The Congress party under the leadership of Nehru used nationalism against the British colonial rule to win power for themselves. All the policies like import substitution or inward looking of the Nehruvian […]
28
Jul
Jul
As I have talked in the past, the value of Indian rupee against US dollar continues to decline. Rupee has now hit its historical low level of Rs.80 per dollar. Indians are feeling the heat of the RBI generated inflationary monster. Against this background the Indian news media have started peddling a thought that somehow […]