Chart: A Look At Global Military Expenditure

  A recent report by Stockholm International Peace Research Institute (SIPRI) highlights that global military expenditure fell 1.9% in real terms to $1,747 billion in 2013, making it the second consecutive year of fall in expenditure.   Interestingly, the total expenditure of the top 15 countries comprised 80% of the overall global military expenditure.   … Continued

Blame Lower Current Account Deficit On Slowing Economy Too

  The good news is that India has brought about a drastic reduction in its frightening current account deficit (CAD) numbers.   The not-so-good news is that the drop did not happen only because of a curtailment of gold imports (by imposing duties).   Rather, it happened because of economic slowdown and a drop in … Continued

Can India Meet Growth Target of 4.9%?

India’s growth slowed down to 4.7% for the third quarter ended December 31, 2013 at Rs 14.8 lakh crore as against Rs 14.1 lakh crore in Q3 of 2012-13 at factor cost at constant (2004-05) prices. This was against a growth of 4.8% in the second quarter and 4.4% in the first quarter of the … Continued

Does Higher GDP Growth Mean Less Crime Against Property?

Why are crimes committed? And what are rising crimes linked to? Inequality, disparity, need, a feeling of lawlessness or desperation that arises from a combination of some of the above?   There are many well documented sociological answers to this question but fewer economic ones. The answer actually appears to be that there is very … Continued

World Bank Projects Economic Growth In India At Over 6% in 2014-15

Takeaways from the Global Economic Prospects (GEP) released by the World Bank.   In the Global Economic Prospects (GEP) released in January 2014, the World Bank has said that the world economy is projected to strengthen this year, with growth picking up in developing countries coupled with the fact that high-income economies are appearing to … Continued