Category: Policy
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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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India’s Textile PLI 2.0: Lower Barriers, Higher Ambitions
Introduction: The Evolution of India’s PLI for Textiles When India launched its Production Linked Incentive (PLI) Scheme for Textiles in September 2021, it was a bold step to strengthen domestic manufacturing, attract global investments, and position India as a competitive player in man-made fibres (MMF) and technical textiles. However, despite…
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Review of RBI’s Monetary Policy (October 1, 2025)
1. A Timid Pause Amid Urgency The unchanged repo rate at 5.5% and a neutral stance reflect excessive caution at a time when essential. Having already delivered 100 bps cuts since February, the RBI has chosen passivity rather than leadership. The policy betrays an overreliance on “wait and watch” when…
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UK-France Industrial Strategy Partnership: A New Chapter in European Collaboration
The United Kingdom and France have unveiled a significant Industrial Strategy Partnership that aims to reshape the future of bilateral economic cooperation. With a strong emphasis on frontier industries—such as clean energy, advanced manufacturing, and artificial intelligence (AI)—this collaboration signals a strategic alignment of two of Europe’s largest economies in…
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Beyond Endurance: Why India Must Fast-Track Reforms Amid Global Trade Shocks
India’s recent economic performance—marked by a strong 7.8% GDP growth last quarter—has shown resilience in the face of global headwinds. Yet, as international trade pressures mount, particularly with the United States imposing steep tariffs, endurance alone will not be enough. To sustain momentum, India must move decisively on structural reforms,…
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Global Trade at a Crossroads: EU Steel, Chemicals, and Semiconductor Battles
The Strain on European IndustryEuropean heavy industries are once again on the defensive. Steelmakers such as Thyssenkrupp warn of structural collapse if the European Union does not impose stronger trade protections. Their plea echoes U.S. industrial policy, where import tariffs shield domestic producers from cheaper foreign steel. The European concern…
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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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Export Promotion Mission: A ₹25,000 Crore Push to Shield Indian Trade
India’s export sector is entering a critical phase as global markets are reshaped by protectionist measures, rising tariffs, and tightening supply chain dependencies. Recognising these headwinds, the Government of India has rolled out the Export Promotion Mission (EPM), a ₹25,000 crore package spanning 2025–31. This mission aims not only to…
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