India’s fiscal federalism is at a crossroads. On November 17, 2025, the 16th Finance Commission (FC), chaired by Professor Arvind Panagariya, submitted its report to President Droupadi Murmu. Covering the period 2026–31, this quinquennial exercise will determine how the world’s largest democracy allocates resources between the central government and its …

India’s deft navigation through global economic turbulence highlights its resilience amid President Trump’s aggressive trade and energy policies. However, can India grow the way we want, given the global headwinds? To me, the impact of these headwinds are transient, however it makes India brilliantly stoic in dealing with economic diplomacy …

The “Liberation Day” tariffs imposed by President Trump earlier this year have become a pivotal moment in global trade, drawing sharp criticism from economists worldwide. Among the loudest voices is Gita Gopinath, former Chief Economist of the IMF, who has described today, the impact of these tariffs as a “negative …

Maintaining the repo rate at 5.5% with a neutral stance, RBI Governor Sanjay Malhotra’s announcement after the Monetary Policy Committee meeting on October 1 underscores a calibrated approach to India’s macroeconomic landscape

In the intricate stance of monetary policy, where domestic resilience meets global headwinds, the RBI’s Monetary Policy Committee …

The 2025 Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel goes to Joel Mokyr, the economic historian of Industrial Revolution; and Philippe Aghion and Peter Howitt for their theoretical models on Schumpeterian “innovation-driven economic growth”.

The Nobel laureates’ work reminds that economic growth cannot be taken for …