Dr. Nilanjan Banik

By Dr. Nilanjan Banik   In 2009, the Swedish car company Volkswagen ran a unique ad campaign to promote its newly launched fuel-efficient car. They hired the ad agency DDB Stockholm and transformed the standard staircase of the Stockholm metro station into a ‘piano staircase’ which produced musical sounds when stepped in. People responded to […]

The post The Real Story Of Rising Tomato Price And Plight Of Small Farmers first appeared on IPA Newspack.

By Dr. Nilanjan Banik As per the State of World Population Report published by the United Nations Population Fund, India will become the most populous country in the world in the summer of 2023. At this point, India also has a relatively ‘younger’ working-age population compared to China. Depending upon how one read the data, […]

The post Faulty Policies By Modi Govt Have Led To Shrinking Of Indian Middle Class first appeared on IPA Newspack.

By Dr. Nilanjan Banik Recently, numerous articles have been written on the demise of the dollar. The argument is that China, the second largest economy after the US, is increasingly convincing the world’s largest suppliers of energy, including Russia, Saudi Arabia, Iran, and Venezuela to trade in Chinese Yuan. This, according to the commentators, will […]

The post Who Will Be The Ultimate Winner In Currency War? Dollar Or The Yuan? first appeared on IPA Newspack.

By Dr. Nilanjan Banik And the story goes on like this. There is this bank named Silicon Valley Bank (SVB) that lent money to the tech industries, and the start-ups primarily in the tech domain. During 10th March 2023, the news broke that this bank collapsed and did not have enough funds to pay back […]

The post What Exactly Went Wrong Leading To Collapse Of Silicon Valley Bank? first appeared on IPA Newspack.

By Dr. Nilanjan Banik February 24, 2023 marks the one-year anniversary of the Russia-Ukraine war. What seems to be a fight between David and Goliath is still continuing. The Russian armed force has the world’s largest stockpile of nuclear weapons, the second largest fleet of ballistic missiles, and almost five times more military personnel in […]

The post European Economy Is The Worst Sufferer In One Year Of Ukraine War first appeared on IPA Newspack.

By Dr. Nilanjan Banik 2022 was a good ‘growth’ year for India. India’s economy was among the fastest growing large economies. This was commendable, especially in a year marred by war and extreme climate events, rising commodity and energy prices, tightening global monetary policy, and slower global economic growth. India is poised to grow at […]

The post Indian Economy’s Main Problem Is Falling Industrial Growth And High Inflation first appeared on IPA Newspack.

By Dr. Nilanjan Banik Trade numbers for the fiscal 2022-2023 are looking dismal. The expectation is that for the Q1 and Q2 Fiscal 2022-2023, the Current Account Deficit (CAD) is expected to be the highest in 9 years. A quick search on items using the harmonized system (HS) at a 2-digit level reveals that there […]

The post India’s Current Account Deficit Is Now Highest In Last Nine Years first appeared on IPA Newspack.

By Dr. Nilanjan Banik   Over the last two weeks, the Opposition is disrupting the Lok Sabha on the grounds of high LPG price and GST on pre-packaged food items as factors behind inflation. And on August 5, Reserve Bank of India (RBI) increased the repo rate by 50 basis points to 5.4%.However, my take […]

The post More Tightening Of Monetary Policy May Not Be Effective At The Moment first appeared on IPA Newspack.

By Dr. Nilanjan Banik All is not well when it comes to India’s trade deficit and value of Indian Rupee. While the trade deficit has widened to a record $25.63 billion in the month of June, latest data suggests Indian Rupee for the first time has crossed 80-mark against US dollar. There are two aspects […]

The post Falling Rupee Will Add To Inflationary Pressures On Indian Economy first appeared on IPA Newspack.