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2 weeks ago | 
epw.in | Parthapratim Pal |Partha Pratim Ray
Dubious Foundation of Questionable Economics The United States authorities try to justify the imposition of tariffs as a response to persistent US trade deficits and the perceived decline of domestic manufacturing, arguing that trade imbalances undermine advanced manufacturing capacity and critical supply chains. However, this argument overlooks several other factors that influence the US trade deficit and domestic economy.
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1 month ago | 
epw.in | Parthapratim Pal |Partha Pratim Ray
The Beginning of a Sino-US Technology War The article focuses on the escalating competition between the United States and China in the field of artificial intelligence. Despite US-imposed restrictions on graphics processing unit exports to China, the launch of the AI chatbot (R1) of the Chinese company, DeepSeek, seemed to have matched or surpassed the performance of US-based AI models at a much lower cost.
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1 month ago | 
theindiaforum.in | Partha Pratim Ray |Parthapratim Pal |Sandeep Bhardwaj
United States President Donald Trump has emerged as an essential ingredient of a VUCA (Volatile, Uncertain, Complex, and Ambiguous) world, characterising the present state of the global economy. Trump has made a number of statements and taken decisions that defy traditional economic logic, in the process undermining the global economic order put in place at the end of World War II. Is the old liberal order then going to be replaced by the new mercantilist policies of trade war and tariff arsenals?
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Nov 20, 2024 | 
thehindubusinessline.com | Parthapratim PalPartha Ray |Parthapratim Pal |Partha Pratim Ray
The BRICS Summit, chaired by Russia, was held from October 22-24 in Kazan. On its website (https://brics-russia2024.
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Sep 4, 2024 | 
thehindubusinessline.com | Parthapratim PalPartha Ray |Parthapratim Pal |Partha Pratim Ray
Recently the World Trade Organization (WTO) released two important documents — (i) World Trade Statistics 2023; and (ii) World Tariff Profile 2024. While both contain detailed and apparently boring data tables and refrain from presenting any analysis, sifting through these documents are a number of interesting trends in the current global trade scenario emerge.
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Jun 14, 2024 | 
epw.in | Parthapratim Pal |Partha Pratim Ray
Is It in Line with the Global Trend? The latest National Accounts Statistics data show a declining saving rate in a period of high growth and high interest rates. Analysing the data for 2011–12 to 2022–23, it appears that the demonetisation, the spurt in digital transactions, and the pandemic seem to be associated with changes in household savings behaviour.
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May 16, 2024 | 
thehindubusinessline.com | Partha Pal |Partha Pratim Ray |Parthapratim Pal
Is there something wrong with trends in Indian saving? For a country that is among one of the fastest growing big economies in the world, can the trend in savings rate (i.e., the ratio of savings to GDP at current market prices) be non-increasing? Lately, there have been opinions and counter-opinions on the underlying numbers. While we do not believe in the dictum of Ronald H.
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Mar 27, 2024 | 
thehindubusinessline.com | Parthapratim PalPartha Ray |Parthapratim Pal |Partha Pratim Ray
In its March 2024 policy meeting, the US Fed Chairman Jerome Powell announced that the Fed would keep its benchmark interest rate unchanged. He suggested that the US Fed is committed to bringing inflation down to the target rate of 2 per cent. If the inflation is brought down to a satisfactory level, then the Fed may consider cutting the benchmark interest rate later this year.
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Feb 26, 2024 | 
thehindubusinessline.com | Parthapratim PalPartha Ray |Parthapratim Pal |Partha Pratim Ray
In its Article IV consultations with India released in December 2023, the International Monetary Fund reclassified India’s de facto exchange rate regime from “floating” to “stabilised arrangement”, while the de jure classification remained “floating”.
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Nov 6, 2023 | 
thehindubusinessline.com | Parthapratim Pal |Partha Pratim Ray |Parthapratim PalPartha Ray
It appears not all is well in the Chinese economy. Of late, it is suffering from multiple headwinds. First, the Chinese construction sector, which has been one of its prime drivers of demand, is showing signs of significant slowdown since 2021. The extent of the slowdown is manifested by the debt servicing problems faced by large Chinese real estate developers. Two years ago, the Chinese company Evergrande, faced difficulties servicing its external debt.
