Term of the Week : Path Dependence

History matters. Where you have been in the past determines where you are now and where you can go in future. Indeed, even small, apparently trivial, differences in the path you have taken can have huge consequences for where you are and can go. In Economics, path dependence refers to the way in which apparently [...]

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Tussle of Power: The RBI Vs Government of India

By Shreya Arora, Junior Editor The struggle of power between the Reserve Bank of India and the Central Government has a long drawn history, and it doesn't look like it's going to end anytime soon. The RBI (Reserve Bank of India) and the current Modi regime have not been on the same page for quite [...]