Somnath Mukherjee
A Calcutta story: Blame thyselves, Bhadraloks
The city was a hub of intellectual excellence as long as it hosted a thriving business ecosystem. That’s a truth few Calcuttans are willing to admit
Is inequality in India really the great monster?
A closer look reveals India is no different from other countries at similar income levels. Plus, equity valuation of billionaires is an irrational measure of wealth concentration
80k question: Why’s market okay with macro problems?
Investors are cheering good news from the top 10% of the economy. Post-reforms, stock market booms have never waited for broad-based economic growth
Noora Kushti, West Asian style
Oil prices fell after Iran’s attack. That suggests Iranians were perhaps coordinating with US & Israel. So, a global economic headache is unlikely
- Somnath Mukherjee
- TIMESOFINDIA.COM
Why gold is so hot right now
Gold prices in India hit record high on March 5. Prices have been high globally for over 2 years. Reasons vary. A short primer on why the yellow metal is so red hot
Make in India, make for defending India
R-Day parade of Indian weapon systems is a reminder: Global conflicts mean stressed global supply chains. Domestic defence manufacture needs to ramp up fast
There’s no stopping us now? Wrong
India’s growth has always been pegged to global ups and downs. Any other story, no matter 2023’s striking macro numbers, is a fairy tale
The 70k story: What’s really powering Sensex
Domestic investors betting big, huge consumer market, GOI’s fiscal rectitude & high capex are overriding negatives from skewed growth
What explains India's full tilt to US? TINA
America’s share of global GDP has stayed at 24-25% for 50 years. Post-Covid, its $25trn economy saw robust growth. America more than makes up for the decline of rest-of-the-West
Will 2020s be a decade of disruption? Can India profit from it?
First, Covid, then China’s aggressive rise, then Ukraine war and now Middle East conflict…how Asia’s second largest economy can use the churn to its benefit
China’s BRI now faces a credible Indian challenger
India-Middle East-Europe Economic Corridor, announced at G20, gives New Delhi new purchase in West Asia. But a lot will depend on delivery, and India’s economic performance
BRICS is brittle, and may it remain so
The grouping today is a pretty toothless talk shop. But this serves India’s interests and prevents the rise of another strident, anti-West, China-dominated platform
Chawal is the new oil
Nothing wrong in government’s decision to ban rice exports, even when Russia ups its attacks on Ukrainian ports. Food is a strategic tool, as US has shown many times
Why the bulls are rampaging on Dalal Street
The stars have really come together to take Indian markets to all-time highs. Corporate profits are up, non-performing assets are down, and China has tried very hard to make itself unattractive to investors
No, India's big businesses are not driving inflation
Recent critiques of ‘excessive economic power’ of Indian conglomerates by Nouriel Roubini, Viral Acharya aren’t supported by either global comparisons or data
Why India must focus on both manufacturing and services
Manufacturing vs services is a false binary for India. We need both. But why we need them is not properly understood
Why SVB isn't second Lehman — not for India, not for the world
SVB’s collapse is thanks to lax regulation of a mid-sized bank. Indian start-ups will be barely affected
Faceoff: Is dollar's dominance on petro trade ending? No
Is the dollar monopoly threatened by oil trade’s geopolitical rivalries?
Why Budget speech will say more than numbers
Most expenditure is fixed and finance ministers can do little. What we get is more like an economic version of the State of the Union speech
Why you can't go wrong betting on Indian markets
Policy reforms and huge population mean nimble big companies have a growing market