Does your AI assistant annoy you daily?
As a user of any large language model (LLM), you’ll face annoyances on an almost daily basis. From making things up, to seemingly refusing to obey instructions, to making mistakes…
Climate change is costing the economy—whether climate-deniers admit it or not
Unfortunately, extreme spells of winter weather can still happen in an atmosphere made more chaotic by rising heat. The fact that a record-smashing summer heat wave is happening in Australia…
The overhaul of India’s rural job guarantee needs field trials before its full rollout
What explains this shift and what is its context? In 2004, India made a distinctive choice: an unconditional public employment guarantee for rural citizens. Most countries, up to that point,…
It’s not just about enlarging the country’s financial sector
Measures such as the introduction of a market-making framework for corporate bonds, the development of total return swaps and bond-index derivatives, incentives for large municipal bond issuances and the creation…
It combines strategic ambition with fiscal discipline to set India up for a sustainable growth trajectory
What marks the budget out is its fiscal discipline and strategic ambition. It reveals a government betting on India’s long-term trajectory. After years of successful fiscal consolidation, India is channelling…
Rate cuts are done. Liquidity is now the real challenge for RBI
The MPC is focused on growth and inflation, both of which are rebounding. Our growth nowcasting model, which tracks 40 high-frequency indicators, shows economic momentum strengthened to around 7% in…