Economy

Diving Beyond Dollars: Unravelling the dynamics of dedollarization

Economy /
Dedollarization

In an intricate dance of global finance, the concept of de-dollarization emerges as a pivotal narrative, underscored by both promise and complexity. While efforts to lessen reliance on the US Dollar intensify, its hegemonic grip remains formidable, fortified by its stable financial markets. The unfolding discourse spotlights the imperative of diversification, navigating trade disparities, geopolitical …

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Chawls, Caramel Lattes, and Everything in Between: Problematizing urban gentrification in India

Economy /
Chawls, Caramel Lattes, and Everything in Between: Problematizing Urban Gentrification in India

Every evening, hordes of office workers descend from their skyscraper worlds of financial models and powerpoints onto the bustling streets of Lower Parel to satisfy their culinary cravings. The choices at their disposal are ample. Established in 1920, Shree Datta Boarding House has been offering its signature home-style Malvani cuisine to hundreds of hungry clamouring …

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Rethinking Development – The Mumbai Coastal Road 

Economy, Governance /
Rethinking Development

Mumbai, the city of seven islands has been plagued by reclamation plans and development schemes. Since its existence, it has been a ‘work in progress’. One such project is the construction of the coastal road. The Mumbai Coastal Road Project (MCRP) is an under construction 8-lane, 29.2 km expressway connecting the Princess Street Flyover in …

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Need, Prospects and Future of Semiconductor Industry in India

Economy /
Semiconductor industry in India

Rapid digitization across the globe has led to an unprecedented increase in the demand for semiconductor chips and displays. India being a very big consumer for end-products of semiconductor chips, semiconductor consumption in 2019 was a massive US $21 billion in 2021, most of which came from imports and this consumption is growing at the …

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Why Have Gas Prices Been Rising

Economy /
Why have Gas Prices been Increasing in India

Drastically rising gas prices has been at the forefront of the economy since the last two years when there was a spurt in global demand after the lockdowns and since the beginning of the Ukraine-Russia war. Since May 2021, gas prices (including petrol for cars and LPG cylinders) have been on the rise, affecting all …

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Death of Monopolies in India: An explainer on ONDC

Economy /
an explainer on ONCD

With a population of around 1.4 billion, India is an enormous market to capture consumers for corporations around the world. The vast population associated with the onset of digitalization has helped conglomerates to gain a majority of the market share leaving behind small businesses in the dust. Corporations like Amazon, Flipkart, Swiggy, and Zomato act …

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Where are the Women?

Economy, Gender /
India's missing women

India is one of the fastest growing economies of the world today and recently in Feb 2023, IMF chief Kristalina Georgieva remarked that the Indian economy will alone contribute 15 percent of the global growth this year, as the country continues to remain a relatively “bright spot” in the world economy (“India remains”). Behind these …

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The Neoliberal Myth of Austerity: A Gendered Lens

Economy, Gender /
neoliberalism myth

Neoliberalism always promised the world freedom – the freedom of unfettered markets, property rights, and entrepreneurial self-ownership. A fierce embrace of individualism was posited as the cornerstone of the liberal regime, allowing autonomy and creativity to flourish. However, this now globalized ideology tends toward absolutism – advocating a one-size-fits-all solution for shared prosperity. It unequivocally …

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Foreign Aid, Development and the Ownership of Recipient Countries

Economy /
Role of Foreign Aid

The effectiveness of foreign aid on a country’s development has been a subject for debate for quite some time. While there is empirical evidence available that supports the claim that foreign aid leads to growth, there is also mounting literature on how aid has not worked in several cases. It is important to understand whether …

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