Aryan Govindakrishnan

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Articles

Australia cap on foreign student intake hit will Indians hard

Nov 15, 2024 | scroll.in | Deepanshu Mohan |Ankur Singh |Aryan Govindakrishnan |OP Jindal Global

When Australia Education Minister Jason Clare announced on August 27 his government’s plans to fix the intake of international students at 270,000 for the 2025 calendar year, prospective Indian students were expected to be the hardest hit. This move was preceded by a slew of other visa restrictive measures, including doubling visa fees, which are supposedly aimed at ensuring “quality over quantity”.
Rising Defaults Among Retail Borrowers are Stressing India’s Top Banks

Nov 15, 2024 | thequint.com | Deepanshu Mohan |Aryan Govindakrishnan

Despite a so-called booming economy, many small borrowers are increasingly unable to meet their loan obligations. India’s banking sector, long considered one of the world’s most resilient, is currently grappling with a troubling trend: a rise in loan defaults among retail borrowers apart from the struggle to increase deposit rates. This explains a heightened probability of a twin-balance sheet problem that may affect India’s already struggling financial and investment landscape.
Trump Defeats Harris: A Precursory Look at What Swung the US Election for Him

Nov 6, 2024 | thequint.com | Deepanshu Mohan |Ankur Singh |Aryan Govindakrishnan

Trump saw a shift among Hispanic and Black voters, particularly in areas impacted by economic challenges. Donald Trump has defeated Kamala Harris in the 2024 US presidential election and secured a second term as US president, marking a shift towards conservative priorities amid ongoing economic and social challenges. As the night unfolded, a handful of critical swing states tipped the scales in one of the closest races in recent history.
China’s Stimulus Package Exposes the Volatile Nature of India's FPI Scenario

Nov 5, 2024 | thequint.com | Deepanshu Mohan |Aryan Govindakrishnan

For India, October 2024 saw an unprecedented withdrawal of FPI, to the tune of approximately Rs 85,790 crore. An interesting chain of events affected India’s bullishly growing equity markets and adversely impacted the strong buffer of foreign currency reserves the economy was accumulating otherwise through robust FPI activity.
One Week to Go: Decoding the Polls and Voter Preferences in Swing States

Oct 29, 2024 | thequint.com | Deepanshu Mohan |Aryan Govindakrishnan

Trump’s strengths are defence, immigration, and crime, while Harris leads in all nine swing states on healthcare. With a week to go for the US presidential election, as per the latest polls, Donald Trump and Kamala Harris seem to be tied for the popular vote.
Addressing Minimum Wage Disparities to Ensure Basic Living Standards

Oct 18, 2024 | thequint.com | Deepanshu Mohan |Aryan Govindakrishnan

The variation in these wages across the states raises critical questions about their effectiveness. In her first decision after assuming the position of Delhi’s chief minister, Atishi announced a hike in minimum monthly wages for skilled, semi-skilled, and unskilled workers.
The Wire News India, Latest News,News from India, Politics, External Affairs, Science, Economics, Gender and Culture

Sep 30, 2024 | thewire.in | Deepanshu Mohan |Aryan Govindakrishnan
The Nature of Economic Disparities That are Widening Inequality Across India

Sep 25, 2024 | thequint.com | Deepanshu Mohan |Aryan Govindakrishnan

Understanding how these trends interact is essential to addressing India's economic challenges. Recent household consumption data shows significant disparities in the pattern of disposable income spending across India amidst rising inflation, especially in the food consumption basket (driven by higher food inflation). These disparities exist not only between states but also across urban and rural areas, that spatially disaggregate growing inequality in India.
Annapoorna and GST | The Weird Follies of an Imperfect Indirect Tax Regime

Sep 17, 2024 | thequint.com | Deepanshu Mohan |Aryan Govindakrishnan

A matter involving buns and cream and a famous restaurant chain has left the Tamil Nadu BJP with egg on its face. India’s first Goods and Services Tax (GST) regime with the aim of unifying and simplifying the nation’s complex indirect tax structure was introduced by the Modi government in July 2017. While in principle it would progressively streamline indirect taxes over time, the GST system also presented significant challenges for various sectors, including the restaurant industry.
Consumption Data Indicates Vanishing Middle-Class & Struggling Low-Income Class

Feb 26, 2024 | thequint.com | Deepanshu Mohan |Aryan Govindakrishnan

The Monthly Per Capita Consumer Expenditure (MPCE) data recently made available, from 1999-00 to 2022-23 indicates a significant upward trend in the consumer expenditure levels of households across both rural and urban areas.