Category: fiscal policy
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Mature Economies at the Edge: Monetary Ceilings and Industrial Decline
The End of Easy Money For over a decade following the 2008 Global Financial Crisis, advanced economies relied heavily on ultra-loose monetary policies — near-zero interest rates, quantitative easing, and liquidity injections. These measures prevented economic collapse but also eroded the traditional tools of central banks.By the early 2020s, the…
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The Next Inflation–Debt Cycle: Lessons from History and Warnings for the Future
The global economy appears to be entering a new and uneasy phase of the inflation–debt cycle, one that could reshape how nations manage both public finance and household welfare. According to recent analyses in The Economist, advanced economies that once relied on cheap credit and stable prices now face the…
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Growth Without Guardrails: Why Economic Expansion Alone Can’t Prevent the Next Fiscal Crisis
The Mirage of Growth-Led Stability For decades, nations have treated economic growth as a cure-all for fiscal distress. From post-war Europe to the 1990s emerging markets boom, policymakers believed that sustained GDP growth would eventually reduce debt burdens and stabilize budgets. However, history repeatedly proved otherwise. The Latin American debt…
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GST 2.0: A Festival Season Reform With Global Ripples
The Indian economy has entered a new phase with the rollout of GST 2.0—a reform that simplifies the tax structure and aims to stimulate consumption at precisely the right moment: the onset of the festival season. Festivals in India have historically been linked with spikes in demand, particularly in retail,…
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India’s GST Reset: Can Simplification Fuel the Next Phase of Growth?
In September 2025, India unveiled one of the most significant reforms to the Goods and Services Tax (GST) since its launch in 2017. The GST Council’s decision to rationalize tax slabs, cut rates on essential items, and streamline compliance has been hailed as a “reset moment” for India’s tax architecture.…
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India’s GST Puzzle: Why the 18% Slab Was Left Untouched
In a bold fiscal move, the Government of India is reshaping the Goods and Services Tax (GST) structure—reducing the 28% slab to 18% on some goods and services, and cutting the 12% slab to 5% for several essential commodities. While these measures aim to stimulate consumption and simplify compliance, one…
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Outlook for the Trucking and Logistics Industry
In an increasingly volatile global trade environment, businesses across sectors are revisiting their strategic playbooks to stay resilient amid tariff threats and policy reversals. A pertinent question emerging from this scenario is: how should industries, particularly logistics and commercial trucking, react to tariff-driven cost pressures? Is it through aggressive cost-cutting,…
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Rising Debt Levels: A Looming Crisis for Developing Nations
The global economy continues to recover unevenly from the shock of the COVID-19 pandemic, but one concern that remains deeply entrenched is the rapidly rising debt levels across the developing world. For many Least Developed Countries (LDCs) and Small Island Developing States (SIDS), debt servicing obligations have become a significant…
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Post-Election U.S. Equity Market Surge: The Reality of Tariff-Driven Uncertainty
Following the U.S. election in November, financial markets experienced an initial surge, driven by investor optimism surrounding potential tax cuts and deregulation. These policies were expected to stimulate economic growth and drive corporate profits higher. However, the post-election economic narrative has shifted, focusing less on tax incentives and more on…