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Roshan Kishore

Roshan Kishore is the Data and Political Economy Editor at Hindustan Times. His weekly column for HT Premium Terms of Trade appears every Friday.

Articles by Roshan Kishore

Terms of Trade: How should India respond to US mercantilism?

India’s economic destiny can only be redeemed by pushing for a more egalitarian global economic order than doing distress-deals with a mercantilist US 

That multilateral bodies such as the WTO are bystanders to this disruption by Trump only underlines the fact that the so-called rules-based order was always tilted towards the US than actually multilateral in the true sense of the term. (REUTERS)
Published on Mar 13, 2025 01:09 PM IST

What the virus cost us: 5 years on, Roshan Kishore writes on the pandemic impact

The Indian economy contracted (by 5.8%), for the first time in four decades. The road to recovery is littered with new roadblocks. We are still paying the price

 (HT Illustration: Rahul Pakarath)
Updated on Mar 07, 2025 06:34 PM IST

Terms of Trade: History is finally catching up with economics

The liberal geopolitical order has outlived its economic utility. India should draw the right lessons from Sino-US competition that’s reshaping geo-economics

US President Donald Trump and Ukraine’s President Volodymyr Zelenskyy meet in the Oval Office of the White House on February 28. (AFP)
Published on Mar 05, 2025 04:45 PM IST

India’s GDP growth picks up in Q3 at 6.2%

The latest data also shows the Indian economy crossed a critical psychological threshold when its quarterly nominal GDP crossed the $ 1trillion mark for the first time in a quarter

The latest GDP numbers also mean that the Indian economy has lost 2.7 percentage points in terms of growth momentum between 2023-24 and 2024-25. Even form a supply side perspective, the slowdown is pretty sharp. (Shutterstock)
Published on Mar 01, 2025 06:04 AM IST

TERMS OF TRADE: What would an honest conversation on federalism look like?

Meaningful resolution of the federalism debate requires the belief that the Indian state's future cannot be a zero-sum game, unlike today’s electoral politics

Tamil Nadu chief minister Stalin has called a meeting of all political parties in the state on the issue of delimitation (a rejig in the number of Lok Sabha constituencies per state) in the country (PTI)
Published on Feb 28, 2025 03:16 PM IST

Terms of Trade: How to look at the rise of electoral consultants in India

A new book gives an excellent account of the rise of political consultants but there is merit in looking at the larger political economy of their rise.

The Parliament House in New Delhi. (Bloomberg)
Updated on Feb 21, 2025 04:37 PM IST

Number Theory: How CMs underscore BJP's dominance in electoral landscape

The Delhi oath aside, this is a good day to statistically examine the BJP’s current dominance in Indian electoral politics.

Delhi CM-designate Rekha Gupta at the BJP HQ in Delhi on Wednesday. (Sanchit Khanna/ HT Photo)
Updated on Feb 20, 2025 08:25 AM IST

Terms of Trade: Are freebies also serving a macroeconomic cause?

Instead of being a drain on growth-enhancing resources, freebies might be serving a useful macroeconomic purpose in the short-term

Women express happiness over the deposit of <span class='webrupee'>₹</span>3,000 in their accounts under the Maharashtra Government's Ladki Bahin Yojana on August 16, 2024. (Hindustan Times)
Published on Feb 14, 2025 01:25 PM IST

Number Theory: How did Muslims vote in Delhi this time?

This is not an insignificant share. How did they vote in these elections?

AFP file photo(AFP)
Updated on Feb 11, 2025 06:36 PM IST

Number Theory: How Kejriwal’s New Delhi loss puts AAP’s debacle in perspective

In many ways, Kejriwal’s defeat, only puts the AAP’s larger predicament in perspective

Aam Aadmi Party (AAP) chief Arvind Kejriwal addresses a press conference, in this file photo.
Updated on Feb 10, 2025 08:58 AM IST

Why the results in Delhi matter at a national level

Despite its limited parliamentary footprint, Delhi has always had an important voice in shaping the national political narrative.

BJP workers gather to celebrate the party's win at the party headquarters on Saturday. (PTI)
Published on Feb 09, 2025 07:58 AM IST

The revolution will not be subsidised

AAP's rise in Delhi politics has been marked by welfare schemes, but its lack of ideological challenge to BJP may cost it support amid shifting voter bases.

New Delhi: Empty chairs are seen at Aam Aadmi Party (AAP) office amid the counting of votes for the Delhi Assembly polls, in New Delhi, Saturday, Feb. 8, 2025. (PTI Photo/Manvender Vashist Lav) (PTI02_08_2025_000156B) (PTI)
Published on Feb 08, 2025 08:59 PM IST

Terms of trade: The revolution will not be subsidised

The voter base of the BJP which used to make an exception for the AAP in previous assembly elections has not done so this time. 

Aam Admi Party’s (AAP) came out of nowhere in 2013 and went on to sweep the Delhi assembly elections in 2015 and 2020. (HT Photo)
Published on Feb 08, 2025 12:59 PM IST

RBI cuts key policy rate for first time in 5 years

RBI cuts policy rate by 25bps to 6.25%, aiming to boost slowing growth while managing inflation; further cuts expected in April amid cautious stance.

The logo for Reserve Bank of India (RBI) at the central bank's headquarters building in Mumbai, India, on Friday. India's new central bank governor cut interest rates for the first time in almost five years. (Bloomberg)
Updated on Feb 08, 2025 04:14 AM IST

Manufacturing: The dark underbelly of Delhi’s economy

70 years ago, industrial areas were envisioned to usher Delhi into an age of egalitarian growth. But today, this remains a distant dream

Mayapuri industrial area in New Delhi. (Sanchit Khanna/HT Photo)
Published on Feb 04, 2025 05:08 AM IST

What the budget does for politics

The budget aims to appeal to BJP's urban middle class, solidify support in Delhi, and bolster its Bihar narrative ahead of upcoming elections.

What the budget does for politics
Published on Feb 02, 2025 06:46 AM IST

What the budget does for demand

The budget focuses on economic prudence, maintaining income support allocations, while reducing income taxes to boost middle-class purchasing power and demand.

What the budget does for demand
Published on Feb 02, 2025 06:36 AM IST

What the budget does for the fisc

The budget focuses on fiscal consolidation amidst slow growth and inflation, with increased reliance on income tax collections from wealthy taxpayers.

What the budget does for the fisc
Published on Feb 02, 2025 06:34 AM IST

What the Budget 2025 means for economic reforms

The finance minister will introduce a new income tax bill next week, signalling major tax reforms. The budget includes customs duty cuts and support for MSMEs.

Union finance minister Nirmala Sitharaman addresses a post-budget press conference in New Delhi on Saturday.(HT_PRINT)
Published on Feb 02, 2025 01:16 AM IST
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