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Context is everything.
Detailed stories on technology startups, business and economic current affairs.
Detailed stories on technology startups, business and economic current affairs.
Though the war in the Gulf is pinching the Indian economy, things aren’t too bad. But much needs to be done if the situation drags on or worsens, rather than waiting for it to come to pass.
The current conflict in the Gulf is causing a structural shock, particularly for Asian emerging economies such as India. The key questions are: how will it hit our economy, and what should be done to ameliorate the impact? Yesterday’s excise duty cut on petrol and diesel is a start toward such amelioration, even though it involves trade-offs.
It is baffling why some Mumbai economic analysts are now talking about countercyclical policy, in which the government steps in to mitigate the impact on growth. A shock is very different from a cyclical downturn. It can cause long-lasting, even permanent, changes to …
Former WeWork chief is betting on the Mideast markets, fresh attacks have the Gulf on edge again, and other updates from this week.
Fresh attacks in the country appear to have triggered another escalation in the Mideast conflict; Saudi Arabia wants tighter oversight on UAE transfers; and other important updates.
ADNOC’s strong numbers underline a strategy built on higher output, shipping gains and new routes that sidestep the risky Strait of Hormuz.
