Economy

India to Expand its Economy to $16 Trillion by 2042

India to Expand its Economy to $16 Trillion by 2042

India is set to enter a crucial phase of economic expansion. This period could redefine long-term wealth creation. The insight comes from Motilal Oswal Financial Services’ 30th Wealth Creation Study, which highlights a significant acceleration in the country’s economic growth and consumption patterns over the next 17 years. A wealth-creation study outlines a parallel with…

Corporate Bartering: The Billion-Dollar Economy You Don’t See

Corporate Bartering: The Billion-Dollar Economy You Don’t See

When most people think of bartering, they picture an old-world marketplace where traders swap livestock for grain or gold for spices. But in today’s corporate world, bartering has evolved into a sophisticated, strategic practice where companies exchange goods and services without ever exchanging cash.  From media companies trading ad space for hotel accommodations to airlines…

Why Strong Data Feels Like a Weak Recovery?

Why Strong Data Feels Like a Weak Recovery?

Despite a series of positive economic indicators, many Americans are grappling with a pervasive sense of unease about the nation’s financial trajectory. This paradox—where robust data contrasts with public sentiment—stems from a confluence of factors that, while numbers may not fully capture, profoundly impact daily life. Economic Indicators vs. Public Perception According to the Economic…

India Outdrives Japan and Becomes  4th-largest Economy

India Outdrives Japan and Becomes  4th-largest Economy

According to the IMF World Economic Outlook for April 2025, India will become the fourth-largest Economy Globally, leaving behind Japan. Reports also indicate it will be the third-largest by 2028, overtaking Germany. However, until 2024, India was the fifth-largest Economy in the world, but in 2025, it increased to fourth. The IMF also predicted that…

Why Millennials and Gen Z Are Choosing Mobility Over Mortgages

Why Millennials and Gen Z Are Choosing Mobility Over Mortgages

The American Dream was synonymous with a stable job, a suburban house, and a comfortable retirement for decades. However, for Millennials and Gen Z, that vision feels increasingly outdated. Economic realities, technological advancements and shifting values have given rise to a new definition of success that prioritizes flexibility, personal fulfillment, and experiences over traditional markers…

The ‘Cashless’ Dilemma: A Nation on the Brink 

The ‘Cashless’ Dilemma: A Nation on the Brink 

In a country where convenience is king, the United States is rapidly embracing a cashless economy. From high-end restaurants in Manhattan to mom-and-pop shops in Silicon Valley, more businesses are opting for digital transactions. Contactless payments, mobile wallets, and cryptocurrency transform how Americans spend, save, and invest. But as the digital tide rises, an important…

Shaktikanta Das Appointed Principal Secretary to PM Modi

Shaktikanta Das Appointed Principal Secretary to PM Modi

In a significant bureaucratic reshuffle, former Reserve Bank of India (RBI) Governor Shaktikanta Das has been appointed as the Principal Secretary to Prime Minister Narendra Modi, as per a government notification released today. The Appointments Committee of the Cabinet (ACC) has confirmed that Das’ tenure will be co-terminus with the Prime Minister’s term or until…

India To Surpass Japan and Germany In Economic Growth

India To Surpass Japan and Germany In Economic Growth

The annual meeting of Tamil Magazine ‘Thuglak’ took place in Chennai on January 14, 2025. It was the 51st anniversary of Thuglak, which Cho Ramaswamy founded on January 17, 1970. Many politicians, including Amit Shah, LK Advani, and PM Narendra Modi, attended this annual meeting.  Piyush Goyal, the Union Minister of Commerce and Industry, addressed…

Economic Inequality: Definition, Causes, and More 

Economic Inequality: Definition, Causes, and More 

A lack of access to quality education, a higher crime rate, growing poverty, etc., are signs of economic inequality in your country. Brazil, Chile, Peru, etc., experience the worst inequality. The World Bank shared in its World Development Report 2024 that around 100 countries are stuck in the middle-income trap, which is connected to this…

Tech Companies Laid Off Over 27,000 Employees In August

Tech Companies Laid Off Over 27,000 Employees In August

Major tech companies like Cisco, Intel, and others have reduced or are planning to reduce their labour force. So far this year, 422 companies have laid off  136,000 tech professionals, and 27,000 employees lost their jobs in August itself. Intel Cuts 15% Of Its Total Labour Force Yesterday, in its memo, Intel announced that it…