The real challenge of Indian enterprises is large presence of micro firms & few very large firms. There is a “missing middle”. This is primarily due to protection of the smallest and the largest. Real reforms needed to make the economy competitive & let the mid size firms emerge.

We shd discuss tariff & trade vis a vis massive current account surpluses of some countries. These countries are forcing the common citizens to save, while the Govts use these savings to buy massive US debt. In return cheap access to credit is forcing US citizens to consume more.

At some point in time, the real burden of US imposed tariffs will be on low income US households. They will no longer have access to cheap global goods, made available by cheap credit which the surplus countries are willing to provide. Economic forces move in mysterious ways.

Sometimes indifference to rants & petulant remarks, hurt more than a hateful response. Becoz a response no matter how hateful is still an acknowledgment but being indifferent implies a total lack of recognition. Thus, indifference might be more hurtful than a hateful response.

India’s export of Goods to the US is ~1.95% of the GDP( for Vietnam its 30%). The impact of tariffs on growth might not be as important. However, the self imposed uncertainty by over thinking, over discussing, and over analysing it might be more problematic, so time to move on.

RT @ShamikaRavi: Double Counting of Investment - by Robert Barro. Very useful article. Clearly shows that countries with artificially high….

There r arguably 2 approaches to academic inquiry: “either you are a seeker of truth or pretend to be a possessor of truth.” Most activist academics r the latter. Before v claim to be speaking truth to power, we should 1st ask with humility whether we know the truth in 1st place.

RT @ShamikaRavi: An excellent column from @amitabhk87 - on how India can fulfill the long held promise of the apparel sector. We must start….

RT @ShamikaRavi: There is a major resurgence of female LFPR across India, specially in rural areas, since 2017-18. This is a significant de….

Unfortunately the estimates in this paper are not very reliable as they depend on sampling weights which grossly underestimates the current population by >15%.

RT @ShamikaRavi: My heart aches as I share the news of Bibek Debroy’s passing. Besides being a scholarly giant, he was an incredible storyt….

RT @ShamikaRavi: The things you discover in Diwali Mela! IFFCO Kisan Drones - super impressive that farmers have been renting drones for pr….

RT @ShamikaRavi: “This may be the greatest farce in modern medicine.” The study showing that HRT causes breast cancer does not show that HR….

RT @EACtoPM: Recent HCES data from 2022-23 challenges the narrative of rising inequality. The Gini coefficient indicates a decrease, with a….

RT @ShamikaRavi: Onam Ashamsakal! 🙏

RT @ShamikaRavi: What is the dominant source of iron (micronutrient) for people across India?.Rajasthan: 84% iron comes from cereals .Uttar….

RT @ShamikaRavi: Massive improvement in the availability & affordability of fresh fruits across regions of India is remarkable. While all s….

RT @ShamikaRavi: Ten years back, there was significant seasonality in the consumption of certain food items by average Indians. Example: fr….

RT @EACtoPM: India's food consumption patterns are changing rapidly, with household spending on food dropping below 50% for the first time….

RT @ShamikaRavi: There are major changes unfolding in India’s food consumption pattern - across all classes- with serious implications for….