Can our exporters benefit from the Sri Lankan crisis? Sri Lanka’s $51 billion debt default and its ongoing economic crisis may present an opportunity for Indian exporters of tea and textiles. Yet, it won’t be easy for India to fill in the global supply gaps. What is causing the shift in demand? Tea...
Why are Centre, states sparring over fuel taxes? High retail prices of petrol and diesel have become a burden on consumers and a drag on economic recovery but it helps the central and state governments balance their budgets. Why are fuel taxes a bone of contention? A steady rise since November in g...
How will slowing global growth hit India’s economy? With global economic prospects worsening significantly due to the Russia-Ukraine war and the International Monetary Fund (IMF) forecasting a decline in global growth. What does the IMF say? In the World Economic Outlook, April 2022, the IMF slashe...
What is driving an upsurge in India’s GST collections? The government’s goods and services tax (GST) collections, taken by analysts as a high-frequency indicator, has witnessed a strong rebound since the first wave of the pandemic. What is the current GST collection trend? In the first half of FY22...
The significance of a free trade deal with the EU After signing comprehensive economic and trade agreements with the United Arab Emirates (UAE) and Australia, India has stepped up efforts to negotiate a free trade agreement (FTA) with the European Union (EU). What is the trade relationship like? Th...