Who’s in charge here?

India spends around just under 2% of its GDP on managing external threats as a core sovereign function of the Union government. By all accounts, this arrangement works well. Two generations of Indians since 1965, have never known war personally, except those brave hearts, who chose to take upon themselves, the weighty task of protecting […]

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Unraveling fiscal stress

Economists belabour the point that emerging out of the pandemic–induced economic downturn is qualitatively different from emerging out of a long–drawn economic recession. Simply put, it is easier to get back to where you were. Turning on a light switch and flooding a dark room with light instantly is apt for describing what happens once […]

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