Category: Indian economy
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A turning point in the oil century: when a major producer steps outside the cartel
Historical anchors of control and the slow fracture of unity For decades, OPEC acted as the balancing force of the global oil economy, shaping supply to stabilize prices and protect producer interests. The Gulf region, particularly countries like Saudi Arabia and United Arab Emirates, played a central role in maintaining…
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From Easy Liquidity to Measured Capital: Rewriting the Logic of Finance
A shifting foundation of growth and disciplineFor decades, financial systems across the world have oscillated between abundance and caution. The period after the global financial crisis saw liquidity becoming the primary engine of growth, with central banks flooding markets to revive demand and confidence. Cheap capital flowed easily, often overlooking…
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Defence Manufacturing as Industrial Strategy and Economic Identity
The story of defence manufacturing has quietly shifted from being a closed, state-driven activity to becoming a central pillar of industrial strategy, where national security, technological capability, export ambition, and high-skilled employment are deeply intertwined. Historically, countries treated defence production as a sovereign necessity, often insulated from market forces and…
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From Adding Megawatts to Managing Complexity: The Real Energy Transition
For decades, the global energy conversation was simple—add more capacity, generate more power, and extend access. From coal-based industrialisation in the 20th century to the rapid rise of renewables in the early 21st century, success was measured in megawatts installed. Countries competed on how fast they could build plants, whether…
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From Heritage to Market Identity
Cultural industries were once seen as soft expressions of tradition, often confined to local markets and seasonal tourism, but over time they have moved into the center of economic strategy where identity itself has become a tradable asset; historically, India’s crafts, textiles, and artisanal products were embedded in community life…
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Telecom and the New Everyday Economy
There was a time when telecom meant making a phone call and hoping the line would not drop. Then came the era of cheap data, where the internet quietly entered our daily lives through our phones. Today, something deeper is happening. Telecom is no longer just about connecting people. It…
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From Basic Consumption to Value-Driven Food Systems
The food and consumption sector has undergone a profound transformation over the past few decades, moving from subsistence and basic consumption toward a more sophisticated ecosystem driven by branding, health awareness, and value addition. Historically, food systems were local, seasonal, and largely unprocessed, with minimal differentiation across products. However, as…
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India–China Economic Divergence: History, Structure, and the Question of Direction
India and China began their modern economic journeys under similar conditions of poverty, large agrarian populations, and state-led developmental ambitions, yet their trajectories diverged sharply over the past four decades, creating a visible gap in income levels, industrial depth, and human capital outcomes. China’s growth model evolved through a tightly…
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Reimagining MSMEs: From India’s Cluster Roots to a Resilient Global Future
Micro, small, and medium enterprises form the unyielding spine of economies worldwide, fueling over 40% of India’s exports and employing millions, yet they teeter on the edge as formal digital and global value chains demand rapid evolution. Historically, India’s MSME journey ignited with the 1991 liberalization reforms, birthing cluster-based models…