Changes in America’s economic structure, coupled with its global dominance in the services sector, explain why manufacturing now occupies only a modest share of the nation’s GDP
The latest installment of the Make-America-Great-Again (MAGA) assault on globalised economic growth takes the form of an import duty of 100% on a segment of pharmaceuticals.
Policy UpdateAditi Singh Kaushik Background Deemed as two of the most ancient civilizations, the Indian and Greek civilizations are emblematic of revered traditions that continue to inspire contemporary philosophical thought across the world. Both traditions address questions about the nature…
The India Cooling Action Plan (ICAP) was launched in March 2019 by the Ministry of Environment, Forest and Climate Change (MoEFCC). It provides a 20-year roadmap to ensure that the country’s growing cooling needs are met in a sustainable, affordable, and efficient way. Cooling demand in India is rising rapidly because of factors like urbanisation, rising income levels, population growth, and climate change.
The 2025 Nobel Prize for Economics has gone to three economists — two of them based in the US, although neither is US-born, and the third, in France — ‘for having explained innovation-driven economic growth’.
Urban India generates nearly two-thirds of the national GDP, yet its municipalities control less than one per cent of the country’s tax revenue. Indian cities are not generating revenue, not because they are inefficient, but because the fiscal architecture has failed them. Today, municipal finance is dependent on intergovernmental transfers, loans, and schemes. The core of the problem lies in the centralisation of taxation powers.
Dr. Manorama Bakshi I still remember an elderly man I met years ago in a small village outside Jaisalmer. He showed me his box of blood pressure pills ; the familiar purple and white of a trusted Indian brand. “This,”…