India’s economy is not showing signs of a robust recovery and the risk of higher US tariffs as well as increased dumping of low-cost Chinese goods could weaken the outlook, former Chief Economic Adviser Arvind Subramanian said in an interview. Data released this week as part of government’s advance estimates show the economy expanding 7.4% in the year ending in March, extending India’s world-beati...
India’s economy is not showing signs of a robust recovery and the risk of higher US tariffs as well as increased dumping of low-cost Chinese goods could weaken the outlook, former Chief Economic Adviser Arvind Subramanian said in an interview. Data released this week as part of government’s advance estimates show the economy expanding 7.4% in the year ending in March, extending India’s world-beating growth streak. “We should read that figure cautiously,” Subramanian said in an interview on Friday with Bloomberg Television’s Menaka Doshi . He said the estimate may suffer from the “age-old problem” of whether it is well measured, given an unusually low deflator, which is used to strip out inflation from the gross domestic product calculation. “Even directionally, it is not obvious that the economy is recovering,” said Subramanian, a senior fellow at the Peterson Institute for International Economics. He pointed to decelerating nominal indicators and slowing high-frequency data as reasons for caution about both the level and direction of growth. “I would not put a precise number on growth, but if growth next year ends up similar to this year, India should consider itself fortunate and view that as a job well done, given the heightened uncertainty,” he said. Risks from US trade policy also remain high. President Donald Trump’s punitive 50% tariffs on Indian goods, partly linked to New Delhi’s purchases of Russian oil, added to the uncertainty. “It is now looking less likely that there will be a trade deal,” Subramanian said, adding that “tariff rates may even move higher.” READ: Modi’s Failure to Call Trump Derailed Trade Deal, Lutnick Says India also faces pressure from what Subramanian described as “Chinese mercantilism,” as it rapidly exports and diverts goods to developing countries, including India, weighing on the domestic economy. He also flagged concerns around public finances. “While the macro position is reasonably strong, the fiscal situation, partly because ...
Over the past few decades, there's been a paradigm shift in how audiences consume entertainment . Many viewers have abandoned broadcast and cable TV in favor of streaming services . This shift has coincided with a secular decline in movie theater ticket sales. Leading the charge has been Netflix (NASDAQ: NFLX) . The streaming giant reported over 300 million global subscribers to close out 2024, al...
Over the past few decades, there's been a paradigm shift in how audiences consume entertainment . Many viewers have abandoned broadcast and cable TV in favor of streaming services . This shift has coincided with a secular decline in movie theater ticket sales. Leading the charge has been Netflix (NASDAQ: NFLX) . The streaming giant reported over 300 million global subscribers to close out 2024, although the company no longer provides updates on its subscription data. The company's insistence on shorter theatrical windows and "day-and-date" -- the practice of releasing movies to its vast streaming audience on the same day its movies hit cinemas -- caused a long-standing rift between Netflix and cinema operators. AMC Entertainment Holdings (NYSE: AMC) , the world's largest theater chain , opposed these practices, and CEO Adam Aron has long been one of Netflix's most vocal opponents. However, the past few months have seen a warming of relations, and a couple of successful collaborations suggest the tide has turned. Continue reading
We shouldn’t be surprised when our experiences on competitive TV shows or the football field are consistent with everyday life Has the world gone woke? Some would have you believe it has, but I disagree. We’re not very “woke” if we’re still surprised when Black people are kicked out of reality TV shows first. Some people are now arguing that unconscious racial bias may well be influencing the outc...
We shouldn’t be surprised when our experiences on competitive TV shows or the football field are consistent with everyday life Has the world gone woke? Some would have you believe it has, but I disagree. We’re not very “woke” if we’re still surprised when Black people are kicked out of reality TV shows first. Some people are now arguing that unconscious racial bias may well be influencing the outcome of The Traitors . But why wouldn’t it? Racial bias influences the outcome of all our lives. I think we are simply watching reality TV reflect reality. We cannot know what is in people’s heads and it is difficult to ascribe motive, but Judy, who was booted out last week, was described by a fellow contestant as being “angry” and “having her back up” when she was accused of being a traitor. This may have been a criticism specific to her – but it also rings alarm bells. I’ve heard this before. Hands up if you’re a Black woman who has been called surly at work when “assertive” or “confident” would have been more appropriate? There have been countless studies of misogynoir (discrimination that uniquely affects Black women) in the workplace and they all come to the same conclusion. Being a Black woman at work means being judged negatively for behaviour that would be innocuous in another person. Athena Kugblenu is a comedian and writer Continue reading...
IM Alex Golding, 22, who earned nearly £2,000, is among the rising talents aiming to match the leading English grandmasters Hastings is the grandfather of international chess tournaments, first staged in 1895 and then every year since 1920, with breaks for war and pandemics. Its vintage years were the 1930s, 50s and 70s, when world champions and challengers lined up to compete, while the badminton...
IM Alex Golding, 22, who earned nearly £2,000, is among the rising talents aiming to match the leading English grandmasters Hastings is the grandfather of international chess tournaments, first staged in 1895 and then every year since 1920, with breaks for war and pandemics. Its vintage years were the 1930s, 50s and 70s, when world champions and challengers lined up to compete, while the badminton legend Sir George Thomas and the Bletchley Park codebreaker Hugh Alexander both shared first after defeating renowned opponents. Nowadays, Hastings has publicity problems, sandwiched as it is between the London Classic and Tata Steel Wijk and Zee, and running simultaneously with the Magnus Carlsen show in the World Rapid/Blitz. Continue reading...