South India’s resentment for northern states comes from losing control over resources due to population divergence and centralised government, as shown by Nilakantan RS in his new book ‘South vs North: India’s Great Divide
The ongoing protests in China against the Xi Jinping’s zero-covid policies has also put the spotlight on Beijing’s slowing economy, writes Niranjan Rajadhyaksha in Mint.
Comparisons with targets and past 10-year averages show inflation in India is less of an outlier than in many rich economies. The MPC needs to figure out whether it wants to use the interest rate solely to target inflation.
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.