There is no doubt that what most large economies are experiencing today is an inflation surge that will take its time to dissipate. The disinflation process is on average about three times longer than the inflation surge.
A lower share of wages in the national income, persistent inflation, and a whittling down of financial savings accumulated during Covid can lead to weakening consumer demand, writes Niranjan Rajadhyaksha.
When central banks stop tightening will depend on a tough-to-estimate neutral rate that can keep economies on an even keel, writes Niranjan Rajadhyaksha.
In the piece for Devex, Sam Downes argues that cities in the global south need to placed at the centre of the climate agenda, or the global quest for decarbonisation may fall flat.
In this piece for the Mint, Niranjan Rajadhyaksha, Senior Fellow and CEO, Artha India, documents India’s economic journey of the past 75 years and offers lessons for the future.