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%.…
Crypto vs. Central Banks: The Battle for the Future of Money
The Evolution of Money: From Barter to Blockchain Money is not just a way to trade. It is a technology of trust and a living social contract that changes with each step of human civilisation. Money is not a static object like coins or paper notes. It has…
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…
GST 2.0 – Balancing Growth and Fiscal Prudence
Introduction India’s Goods and Services Tax (GST) was introduced in 2017 as a historic reform toreplace a complex web of indirect taxes with a unified, destination-based tax system. Overtime, GST improved transparency, boosted compliance, and enhanced…