by Lois C. Ferrara | Apr 7, 2020 | Business News
By Andy Mukherjee Even before the coronavirus, India was at a crossroads. At roughly $2,000 a year, per capita income in 2018 was half of what the country needed to become an upper-middle-income economy. Catching up with advanced nations posed a more daunting challenge. Should India strive to break free of the middle-income trap by […]
by Lois C. Ferrara | Apr 6, 2020 | Business News
By Raghuram Rajan Economically speaking, India is faced today with perhaps its greatest emergency since Independence. The global financial crisis in 2008-09 was a massive demand shock, but our workers could still go to work, our firms were coming off years of strong...
by Lois C. Ferrara | Apr 5, 2020 | Business News
How long will the coronavirus pandemic last along with the deep economic recession it has created? I am a pessimist and fear a protracted tragedy. Consider three possible scenarios. First, with effective medical and economic responses, the crisis might rise...
by Lois C. Ferrara | Apr 2, 2020 | Business News
Yesterday was the 70th anniversary of diplomatic relations between China and India. It is imperative to recall the original aspiration of establishing diplomatic ties 70 years ago, carry forward the spirit of good neighbourly friendship, explore how to coexist with...
by Lois C. Ferrara | Apr 2, 2020 | Business News
By Sukanta Chaudhuri The same scene is being played out across India. Hordes of grim-faced, exhausted men, with a sprinkling of women and children, trudge down hot, dusty highways or throng bus stations and roadside shelters. A bus passes, loaded with 150-200 humans....
