Three problems for the world economy; Economic stress in Russia; IT is the biggest industry; History of disinvestment

My column in the Business Standard today is Three problems for the world economy.

Sudipto Banerjee, Renuka Sane, Srishti Sharma and Karthik Suresh have an article on The Leap Blog, History of disinvestment in India, where they motivate and unveil a valuable new paper on the subject.

I wrote Economic stress in Russia, on The Leap Blog, on 20 March. The USSR got to a low GDP while doing self-reliance, but being thrust into self-reliance suddenly is worse.

I did some elementary calculations, of the size of the major industries as seen in 26,040 Indian firms in 2018-19. This is The industry structure of India’s large firms: IT is the biggest industry, on The Leap Blog on 13 March.