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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.
The laureates’ award-winning work sheds some light on the lasting effects of colonialism on the economy—a problematic period that India is yet to truly recover from.
In 2001, economists Daron Acemoglu, Simon Johnson, and James A. Robinson published a research article titled "The Colonial Origins of Comparative Development."
With it, their central argument was that institutions, more than geography or culture, are the key drivers of long-term economic growth. Their research pointed to European colonizers and the institutions they established as critical factors in the economic growth or downfall of various regions. Basically, they argued that the seeds of global inequality were sown during the colonial era—a painful reality that countries like India grapple with to this day.
At the time, this premise was radical. The …
A market dominated by speculative activity is enriching sophisticated traders at the expense of retail investors, distorting exchanges and brokerages, and putting household savings at risk.
The newly announced levy on UPI payments undermines the very foundation of using digital payments for stock market investing. Brokers are in a tizzy.
The economy grew strongly despite several headwinds, with the policy responses mostly fitting the need. How sustainable is the growth rate, though?
