Page 3 - Economists

Complex, not complicated

Navigating the current economic and political challenges demands a shift in our analytical lens to one that refrains from simplifying problems

India becoming middle income country within realms of possibility: NK Singh

Talking about the challenges that India needs to address, he stressed the need for ensuring the sanctity of contracts across governance

Finance Commission confronts fiscal prudence challenges with minimal ToR

Experts say minimum ToR issued to avoid controversies and simplify state memoranda

Noted economist Professor M Kunjaman found dead at his residence in Kerala

Noted economist Professor M Kunjaman was found dead at his residence here on Sunday, police said. He was 74. Police said he was found dead at his residence at Sreekaryam near here, and they were informed by the residents' association. Kunjaman, also a Dalit rights activist, was a professor of economics at Kerala University for over two decades. In his condolence message, Chief Minister Pinarayi Vijayan said Kunjaman was a genius who overcame adverse social circumstances with his sheer determination. "Noted for his original understandings and opinions, he had his own vision for Kerala's development. His autobiography, 'Ethiru' is a reflection of the realities of life," Vijayan said, adding that Kunjaman was a teacher with many disciples and a noted writer. The chief minister said Kunjaman's death was a great loss for Kerala.

Day after Q2 GDP data, economists raise India's FY24 growth forecast

However, analysts continue to exercise caution for the second half of the current fiscal year and FY25 as consumption remains a concern

BFSI Summit: 'Inclusive economic growth needs push for capex, job creation'

Samiran Chakrabarty, MD and chief economist, Citi Research pointed that it was quite natural for income inequalities to worsen when the country witnesses high GDP growth

Inclusive growth a global challenge: Sonal Varma at BS BFSI Summit 2023

At the BS BFSI Insight Summit 2023, economists unanimously said that the global economy is facing difficulties and there is no room for complacency in India

BS BFSI Summit: Soumya Kanti Ghosh to Sajjid Chinoy, here're key economists

Economists Panel's theme on October 30: Is inclusive economic growth still a mirage?

India will account for 18% of global growth by 2028, to play key role: IMF

India's faster growth compared with China's economic slowdown could see the South Asian nation make a bigger contribution to global growth than its larger rival

This is last clear chance for MDBs: Ex-US Treasury secy Lawrence Summers

Nothing important is ever easy but we are increasingly seeing a coming together of the world. I am encouraged by the way the shareholders have come together

Appeal to 'slow mind' to wean investors off F&O

Investors' 'fast mind' gets lured towards the F&O segment, enticed by the prospects of quick gains. A campaign targeting the 'slow mind' can induce prudence

Indian-origin economist Shanmugaratnam sworn in as Singapore's president

Tharman, who has served Singapore all his life in public service, was overwhelmingly endorsed by the city-state's predominantly Chinese society

Indian-American economist Raj Chetty awarded top Harvard University prize

Prominent Indian-American economist Raj Chetty has been awarded the coveted George Ledlie Prize for wielding big data to break myths about who achieves the American Dream and the obstacles faced by others. Along with Chetty, Biologist Michael Springer, professor of systems biology at Harvard Medical School, who created a better, faster COVID test system to help deal with the spread of COVID, was also honoured with the coveted Harvard University's George Ledlie Prize. Springer also helped design and operate the new Harvard University Clinical Laboratory (HUCL), which managed testing and samples. Chetty, Professor of Economics at Harvard University is also director of Opportunity Insights, a group of economists based at Harvard who study inequality. Raj's groundbreaking work on economic mobility and his efforts to share this data with policymakers are making the American Dream more accessible to all, said University Provost and Chief Academic Officer Alan M. Garber. Mike and Raj are

Prominent economists criticise Fitch Rating's decision to downgrade US

Former Treasury Secretary Summers said while there are reasons for concern about the long-run trajectory of the US deficit, the country's ability to service its debts wasn't in doubt

Heatwaves endanger workers, reduce productivity: ILO's senior economist

Data from the UN's World Meteorological Organization reveals this July is set to be the hottest month ever recorded

India to become third largest economy by 2027, say SBI economists

Economists at the country's largest lender SBI on Thursday advanced their estimate on the Indian economy becoming the third largest in the world by two years to 2027. In a note that comes a day after Prime Minister Narendra Modi exuded confidence of winning a third term and India galloping to being the third largest till 2029, SBI economists said India's real GDP will grow at over 6.5 per cent in FY24. "The path taken by India since 2014 reveals that India is likely to get the tag of the third largest economy in 2027 (or FY28) based on actual GDP data as on March 2023, a movement of 7 places upwards since 2014, when India was ranked 10th and two years earlier than our previous forecast of 2029," the economists said in the note. PM Modi-led NDA government came to power in 2014. The RBI estimates the real GDP to grow at 6.5 per cent, which is one of the highest estimates by any watchers. At present, India is the fifth largest economy in the world. The SBI report said the GDP will gro

Women economists called traitors for meeting Treasury Secretary Yellen

China on Monday called on the US to take "practical action" in response to its "major concerns" about sanctions on Chinese firms, after Yellen wrapped up meetings with senior officials in Beijing

India lags regional peers on fiscal consolidation: S&P Global's Louis Kuijs

In a Q&A, the Asia Pacific Chief Economist of S&P Global Ratings charts the key reforms India needs ahead of the general elections next year

Govt plans to hire agency to estimate actual size of digital economy

The government is planning to hire an agency to measure the actual size of the digital economy which is estimated to be around USD 1 trillion by 2025, according to an official document. The selected agency will be roped in for a period of nine months for the assignment. The agency will need to submit the draft report on estimation of the size of the digital economy and projections from the current financial year till 2029-30 to Ministry of Electronics and IT (MeitY) within 32 weeks from the date of selection. "The RFP aims to invite proposal in the area of estimation and measurement of India's digital economy including formulation of measurement framework, capturing data and identifying digital interventions," the document said. The report will also look into state rankings and their share in the digital economy, along with the impact of e-commerce and emerging technology on such economy. "Collective action is required in a team India spirit with collaboration between government a

The ideas of economists

Former RBI governor C Rangarajan's memoir is a testament to the crucial role economists can play in shaping public policies and people's lives