Statistics: Credibility concerns

What distinguishes truth from lies? Statistics, of course. Nothing illustrates the criticality of timely, accurate, consistent data for sound economic decision-making than US Federal Reserve chairperson Jerome Powell’s lament about contemporary monetary policy being like “driving slowly through a foggy night”. He was referring to the consequences of reducing the US Federal Reserve rate below […]

Sane Budgeting for a Crazy World

India has a budgeting problem, like any other middle-class household. Aspirations are larger than means, possibly, driven by the doubtful glory of being the fourth largest economy and politically primed, by future expectations of becoming a “developed” country by 2047. Coddled by obliging import tariffs, clunky private corporates are risk averse and the financial sector […]

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