Unless the government acts fast, India faces deep, structural economic problems

Covid-19-induced lockdowns were expected to take a toll on India’s economy, like anywhere else. But the first-quarter GDP numbers paint a much grimmer picture than expected. After the government’s data showed that India’s economy contracted by a record 23.9% in the June quarter, former central bank governor Raghuram Rajan set the alarm bells ringing. Comparing […]

Bitcoin is still a clear favourite among India’s crypto investors

Indians have a clear favourite when it comes to cryptocurrencies. The world’s largest virtual currency by market capitalisation—bitcoin—is the most traded cryptocurrency in India. Since March when the ban on cryptocurrencies was revoked, bitcoin accounted for 20% of the total traded volumes on WazirX, one of the popular cryptocurrency exchanges in India. Over the last […]

How climate change will hurt India’s already wounded economy

The only silver lining in India’s worst-ever quarterly GDP contraction was the agriculture sector. Between April and June, when the economy contracted by 23.9%, the sector posted a growth of 3.4%. But this silver lining could also fast fade off as the spectre of climate change haunts the agriculture sector. The Reserve Bank of India […]