Since prime minister Narendra Modi came to power in 2014 the Indian fiat paper currency rupee has depreciated by 55% against the US dollar. During the Manmohan Singh era that depreciation was 33%. But, not just with the US dollar, it has depreciated significantly against UK pound (25%), Euro (30%), Swiss Franc (60%), and Singaporean […]
Tag Archives: Trade
09
Nov
Nov
Now that Donald Trump is again the 47th President of the United States of America we have to see how his economic and foreign policies will impact the Indian economy. In the following paragraphs I will discuss few important areas where Trump’s policies will impact the Indian economy the most. First, the election of Trump […]
11
Mar
Mar
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 […]