PM Modi's core economic agenda is to promote India as a rival manufacturing destination to China. He has sought to achieve this by incentivizing private factory expenditure and allocating more state resources to infrastructure, particularly rail and road. uncertain global demand and lackluster domestic consumption may keep a lid on private investment. The Indian gov...
Some of the early CBDC experimenters like China, Sweden and South Korea have already moved away from physical cash to a large extent.
India's valuation gap over other emerging markets is an "eye-watering" 3 standard deviations higher than the historical average.
Over the past three years, in fact, GDP in India has grown just over 3% and less than4% since the last quarter before the pandemic.
If success has many fathers, then a crypto exchange in the eye of a money-laundering storm has become an orphan.
It seems that India's central bank is no fan of "buy now, pay later." But then, the regulators irritation with this newish fad in consumer finance is wholly understandable.
In the history of dangerous naivety, the decentralized finance mania of 2021 will hold its own against the 2007 boom in collateralized debt obligations.
With the cryptocurrency worlds luminaries having joined globetrotting elites at Davos and punters swept up in the market crash suffering sleepless nights its time for regulators to reflect on the real-world impact of the next boom-and-bust crypto cycle.
Bitcoin and other cryptocurrency assets are notoriously volatile, routinely suffering large drops of 50% or more.
The celestial algorithm that keeps the moon in its orbit around the earth clearly works a lot better than the one that governed Luna and Terra.
In trying to squeeze one last drop of output from an empty barrel of monetary elixir, India's central bank made the serious mistake of not only ignoring the country's inflation buildup, but pretending that it didn't exist.
Bloomberg News reports the hot new thing in finance is the nouveau crypto riche putting up their expensive digital assets as collateral to buy expensive houses using a more-or-less traditional mortgage, but with no dead-tree dollars down.
After 45 years in business, the underwriter of homes for millions of Indians is moving in with its 28-year-old banker offspring.
In the end, Indian billionaire Mukesh Ambani settled the dispute over who gets to own the assets of beleaguered Future Retail Ltd. not in an arbitration tribunal in Singapore, or in a courtroom in New Delhi, but in a shopping aisle.
Crypto markets still have many puzzles, but they are beginning to reveal their secrets.