While sluggish consumer spending can act as a drag on business investment, there’s also the Schumpeterian kind—aimed at the future. Big money is being ploughed into new fields like green energy, semiconductors, electric vehicles and data centres.
Has the splendid economic recovery after the pandemic been dominated by profits rather than wages? The answer to this question has profound consequences for the future direction of the Indian economy.
Existing public sector processes are ill-suited to making software open and collaborating with the community. Institutions require dedicated capacity, resources and a mindset shift to meaningfully engage in open source.
The results revealed that nearly two-thirds of the respondents used UPI, and the most popular use of UPI was making payments at local shops and merchants.
New trade tensions once again highlight the risks of an unbalanced world economy, with some countries running habitual current account surpluses while others have structural deficits.
The shift from lower middle-income to upper-middle income status involves a major shift in the employment structure, or the reallocation of labour on a large scale.
Over 50% of the population is compelled to spend out-of-pocket for catastrophic health expenses despite government assistance to minimise the burden of health expenditure.