BRICS Expansion 2025: Can It Challenge the Dollar’s Dominance?
The BRICS bloc, which includes Brazil, Russia, India, China, and South Africa, has been evolving into a larger “BRICS+” coalition of emerging economies. In 2025, the group officially added Indonesia and invited new members, including Saudi Arabia, the…
2025 Nobel Prize in Economics: Innovation-Driven Growth
This year, the Nobel Prize in Economic Sciences went to Joel Mokyr, Philippe Aghion, and Peter Howitt “for explaining innovation-driven economic growth.” Mokyr, from Northwestern University and Tel Aviv University, received half the prize for…
MSMEs and the Future of Job Creation in India
India’s growing workforce presents both opportunities and challenges. Official data shows that India’s labour force grew to about 64.3 crore in 2023, an increase of over 16.8 crore jobs since 2017. Unemployment has reportedly dropped to around 3.2%.…
AI & Job Polarisation: Will AI Create More Jobs Than It Destroys?
“AI could replace 300 million jobs worldwide, but it could also create even more.” This paradox lies at the centre of today’s debate about the labour market. From call centres in India to high-tech areas in Silicon Valley, artificial intelligence is…
How Festivals Boost India’s GDP
Did you know that India’s festival season generates an incredible ₹4.25 trillion ($50.57 billion) each year? This accounts for nearly 9-10% of the country’s GDP. In 2024, Indian festivals are expected to bring in ₹75 billion, making them one…
India’s Youth Unemployment Crisis
Introduction Untapped Potential vs. Alarming Reality. India now has the world’s largest youth population, with an estimated 371 million people aged 15 to 29, accounting for 27% of the country’s population. In theory, this “demographic dividend”…