Skip to main content

Posts

Showing posts with the label Economy

Heatwave in Europe exposes N-power's water vulnerability; Indian analyst warns against reactor expansion

As Europe grapples with an unprecedented summer heatwave, the fragility of nuclear power's dependence on water cooling has been laid bare — with 13 French reactors forced offline and similar shutdowns rippling across Hungary, Romania, and beyond. The crisis has prompted a stark warning from Indian power and climate policy analyst Shankar Sharma , who argues that if such failures can occur in Europe's relatively cooler climate, the risks for water-stressed India are orders of magnitude higher.

India's top 25 family business houses control up to a fifth of national GDP, World Bank study finds

  A new research has revealed that despite decades of liberalization, India's corporate dynasties have only tightened their grip on the economy—capturing 20% of GDP at their peak and expanding into nearly every industrial sector while quietly driving up prices.

Paradox of Stanford's Hoover Institute: Freedom from Communism, but freedom for whom?

A few days ago, we went to San Francisco, ordinarily a six-hour drive from Los Angeles. However, it took us more than eight hours because a fire had broken out on one of the mountains along the highway, forcing us to take another route, part of which ran along the seashore.

India’s growth story meets a stark wealth divide: Billionaires gain as top 1% owns 40% of wealth

India’s rapid economic expansion is accompanied by an increasingly concentrated distribution of wealth, raising fresh questions over how headlines GDP figures reflect the economic reality of ordinary Indians. A two year old  social-media post by former bureaucrat Anil Swarup , founder chairman of Nexus of Good , has resurrected a debate over the gap between India’s aggregate economic size and the wealth held by its richest citizens. Swarup argues that looking only at GDP per capita can obscure the extent to which wealth is concentrated among a small section of the population.

How migrant farmers turn Bihar’s sand-drowned floodplains into cash crops

  In the flood-prone Kosi Diyara region of Bihar, water security is often defined not by scarcity, but by the challenges of living with hydrological volatility and seasonal extreme flows. In a field report published on July 28, 2026, by the South Asia Network on Dams, Rivers and People (SANDRP), Dr. Rahul Yaduka , Postdoctoral Researcher with the WATCON Project at SOAS University of London , outlines how seasonal migrant farmers are redefining water security by adapting to the erratic nature of the Kosi River rather than fighting it.

Pakistan tops region in people who can't afford a healthy diet: World Bank

  Pakistan finds itself at both the center and the periphery of a mounting food security crisis gripping the Middle East, North Africa, Afghanistan, and Pakistan region, according to a new World Bank report , " Building Food Security, Creating Jobs ." With a population of 151 million people unable to afford a healthy diet, Pakistan has, by the report's account, the largest group of people in the region who cannot afford a nutritious diet , ahead even of Egypt's 66 million.

Public health experts question Govt of India move to relax pesticide testing

   A technical regulatory notice issued by India's Central Insecticides Board and Registration Committee (CIB&RC) in April 2026 has drawn sharp criticism from public health advocates and farmers' organizations, who warn that proposed relaxations in pesticide residue testing could compromise food safety and public health. The notice invites comments on recommendations from the Scientific Panel on Pesticide Residue (SPPR) under FSSAI , proposing the adoption of a " Crop Grouping " framework for setting Maximum Residue Limits (MRLs)—the legal ceiling on pesticide residues permitted on food crops.

New Book traces how the country squandered its demographic dividend

A new book by economists Santosh Mehrotra and Jajati Parida argues that India is squandering its demographic dividend even as the country's labour market slides deeper into crisis. In "India Out of Work: Rethinking India's Growth Story," released via Bloomsbury , the authors write that non-farm job creation has stalled at a time when it is most needed, and that the formal sector, which offers security and fair wages, remains stagnant. 

World's largest banks pumped $906 billion into fossil fuels in 2025, NGO study finds

The world's 65 largest banks collectively committed $906 billion to fossil fuel companies in 2025, an increase of nearly 8 percent from the previous year, according to the seventeenth edition of the Banking on Climate Chaos report released in June 2026. The report , produced by a coalition of environmental and advocacy organisations including Rainforest Action Network , tracks lending and underwriting by major financial institutions to companies across the oil, gas, and coal sectors. Since the Paris Agreement went into force in 2016, the report finds that these banks have together channelled $8.7 trillion into fossil fuels — an amount the authors argue, had it been directed toward renewables, would have made the global energy system significantly more affordable, resilient, and climate-proof.

Geoeconomic headwinds test India’s economic resilience, warns WEF report

India’s economic growth prospects continue to lead the global stage, but escalating geopolitical tensions are mounting severe inflationary and currency pressures on the nation, according to the World Economic Forum’s (WEF) Chief Economists’ Outlook published in May 2026.  

'Earth system at risk': Scientists call for immediate ‘Nature Positive’ action to halt biodiversity collapse

A landmark scientific paper published in Frontiers in Science warns that humanity is actively destabilizing the Earth system upon which all life depends, and issues an urgent call for a coordinated global "Nature Positive" (NP) strategy to halt and reverse biodiversity loss by 2030.

India's housing boom hits a wall: Prices soar, buyers struggle

  India's residential real estate market recorded near-flat growth in the January–March quarter of 2026, with sales volumes dipping slightly year-on-year even as property prices hit a historic milestone — crossing ₹10,000 per square foot for the first time.

World Bank wants India to rethink industrial subsidies, fix structural gaps

A major new policy research report published by the World Bank Group has raised pointed questions about India's current industrial strategy, warning that the country's flagship Production Linked Incentive (PLI) scheme may be working against its own economic strengths — and that deeper structural reforms are urgently needed.

From coal plants to classroom failures: The many places where India is losing human capital - 2

A new World Bank flagship report reveals that  human capital accumulation  in India is being critically undermined by severe deficits in child health, home-based care, and educational quality, with stark disparities linked to gender, birth order, and  environmental pollution . The report,  Building Human Capital Where It Matters: Homes, Neighborhoods, and Workplaces , argues that without urgent policy action targeting the home, neighborhood, and workplace, India risks perpetuating a cycle of low productivity and stagnating economic growth.

The urbanization paradox: Why high-growth Gujarat lags in wages while Kerala leads

In its April 2026 South Asia Economic Update , the World Bank identifies India as the primary engine of regional growth, with the economy estimated to have accelerated to 7.6% in fiscal year 2025/26.  This macroeconomic surge, however, exists alongside a highly fragmented labor market where the rise of Artificial Intelligence (AI) and deep-seated inter-state wage disparities—specifically between states like Kerala, Gujarat, and Chhattisgarh—create a complex landscape for the workforce.

Caste networks continue to shape India's economic landscape: Cambridge economist

A new working paper by University of Cambridge economist Kaivan Munsh  has revealed how centuries-old social structures both boost and constrain business activity. Focusing on a growing body of economic research, the paper suggests that India's caste system—a network of endogamous communities dating back nearly two to four thousand years—plays a powerful and often overlooked role in shaping the country's economy. 

Extreme heat poses existential threat to India's workers, Harvard report warns

India faces an accelerating heat crisis that threatens the health, livelihoods, and economic stability of hundreds of millions of people — and current policy responses are failing to keep pace, according to a new white paper published in April 2026 by Harvard University's Salata Institute for Climate and Sustainability.

India’s minimum wage policy backfires, hurting vulnerable workers: Study

A sweeping policy report released by the Foundation for Economic Development (FED) argues that India’s minimum wage regime has become counterproductive, pricing millions of workers out of formal employment and costing the economy an estimated $60 billion in unrealised low-skill exports annually.

The financial engine behind America’s 'toxic' petrochemical expansion, claims report

 A new report,  Toxic Finance , has sought to expose the critical role of the global financial sector in driving a massive and controversial expansion of the  petrochemical industry  across the United States. The analysis, compiled by a coalition of environmental and human rights organizations including the Center for International Environmental Law (CIEL) and  Break Free From Plastic , claims that banks and investors have provided the vast sums of capital necessary to build over 100 new facilities or expansions, despite significant risks to human health, the climate, and the financial system itself.

Concentration of wealth in India at levels 'comparable to colonial times', says new report

A new report published in March 2026 by the  Centre for Financial Accountability  and the Tax The Top campaign paints a stark picture of deepening economic disparity in India, documenting a concentration of wealth that it argues is “comparable to colonial times.” Titled  Wealth Tracker India | Tax the Top. Close the Gap , the compilation presents data from the  World Inequality Database  and the  Hurun Rich List  to illustrate the meteoric rise of the ultra-wealthy alongside the stagnation and debt burdens of the majority.