World trade is the exchange of goods and services and capital across international borders based on the principles of markets, where price acts as the primary regulatory mechanism. The patterns of world trade are shaped by the forces of demand and supply of goods and services and capital along with [...]

India needs a third generation of policy economists to provide the political leadership with a broad future agenda on the economy In an interview he gave to The Indian Express in July 2016 to mark 25 years of economic reforms, Manmohan Singh spoke about the importance of the policy economists who had [...]

A recent report by the National Institute of Fiscal Policy and Research (NIFPR) released in July 2017 reveals that economically backward states like Bihar, Jharkhand and Odisha spend less than half of the desired requirement for each student at the elementary level on an annual basis, when compared to more [...]

Background – It’s akin to expecting someone to climb Mount Everest in a month, Rajan Wadhera says of having to leapfrog to the much stricter Bharat Stage VI (BS VI) emission norms from BS IV in less than three years. […]

Click Here to Read   Thank You UPSCTREE

Although our understanding of the linkages between gender and growth is still evolving, there is mounting evidence that economic crises affect women more than men. Women are often laid off first as men are traditionally considered to be the main breadwinners. […]

A proposal to further extend the already 20-year-long patent term for pharmaceuticals is on the negotiation table of the Regional Comprehensive Economic Partnership (RCEP). As India negotiates the RCEP, a free trade agreement that can change the intellectual property (IP) landscape of its member countries, this week, we need to [...]

Hyperglobalisation has been used to describe the dramatic increase in international trade witnessed for about a decade and a half from the early 1990s up to the global financial crisis of 2008. The imagery intended is one of an increasing connectedness among nations leading to a virtuous cycle of economic [...]

One of the toughest environmental and social challenges of our time is managing the mobility of people and goods. By 2030, passenger traffic will exceed 80,000 billion passenger-kilometers—a fifty percent increase—and freight volume will grow by 70 percent globally. […]

Background- There is a saying in the business circles that:- If you want to become a millionaire, then start with a billion and invest in airline. And another one related to Air India is :- If Jaitley wants to sell Air India, he may have to give money to someone [...]