India is the 5th largest economy by GDP. However, we hold the 17th position in exports, hinting at an untapped potential waiting to be harnessed.
Read my piece in @bsindia where we delve into three essential pillars for fueling India's export ascent.
@CSEP_Org
A recent @CSEP_Org working paper by Rakesh Mohan and @_DivyaSrin pushes back. Their argument is that the crisis wasn't primarily about bad lending. It was the predictable outcome of a policy architecture that made PSBs the only available channel for infra financing.
As infrastructure investment accelerates across emerging markets, the real challenge is not just mobilising private capital, but ensuring the institutional capacity to absorb it sustainably.
@CSEP_Org
Rakesh Mohan & Divya Srinivasan call for more nuanced thinking about how to ensure the success of public-private partnerships. https://t.co/o5hzXPvLOi
Tweet Version
@SamsungIndia My Galaxy S23 died minutes after your official software update. Service centre kept it for a week and now says “motherboard short” with no explanation. A flagship shouldn’t fail due to your update.
Pl provide a fair and transparent resolution.
Construction sector revival powers strong growth in UP and Bihar, outpaces national average: Report
Read @ANI Story | https://t.co/54MdP8NUWT
#Construction#Growth#UP#Bihar
Powerful testimony from steel industry entrepreneur navigating bankruptcy echoes findings in our research & @livemint op-ed.
We've long argued how global metal price crash in 2010s squeezed Indian metal firms' profits. ~30% of NPAs during 2010-16 tied to commodity price plunges.
Starting 2010 China began dumping massive amounts of steel for a throwaway price. It bankrupted an entire generation of Indian SMEs. India still hasn’t recovered from that.
This is a real testimony but I know many more.
Please see this video.
@livemint - Global metal prices & profitability of Indian firms in the sector are highly correlated.
- Prices started declining in 2011, leading to negative profitability.
- Things worsened post-2014 (read op-ed).
- Some firms could not withstand the large shock & defaulted on borrowings.
With the start of the fall semester, let me advertise the course material I make freely available for my PhD class on
𝒎𝒂𝒄𝒓𝒐𝒆𝒄𝒐𝒏𝒐𝒎𝒊𝒄𝒔 𝒘𝒊𝒕𝒉 𝒇𝒊𝒏𝒂𝒏𝒄𝒊𝒂𝒍 𝒇𝒓𝒊𝒄𝒕𝒊𝒐𝒏𝒔
https://t.co/QIS8ASTU44
Perhaps useful or interesting for others! #EconTwitter
In their latest study, @mostlyeconmix & @_DivyaSrin analyse how a large decline in commodity prices can cause a prolonged twin balance-sheet crisis, an area that has not received enough attention in the existing literature.
Read the paper: https://t.co/UYP82TTewQ
The Twin Balance Sheet Crisis of the 2010s caused a significant deceleration in GDP growth. This has been a matter of debate in India and outside India. This paper explores this crisis.
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