TJEF Journals

Volume 4, Issue 1

October 2019, Volume 4, Issue No.1

The global economic scenario continues to remain bleak with subdued demand and spiraling global tensions. US-China trade war scenario worsens over the first half of 2019 with some respite coming after the G20 summit in June. This trade war scenario has threatened the global supply chains impacting businesses worldwide leading to a reduction in investments. Brexit-related uncertainty continues despite providing a six-month extension in April as political stability takes a hit in the UK. The rising geopolitical tensions impacted the energy prices hurting the global economy. The softening inflation and low-interest rates highlight the fact that households are holding back from long-range spending. Amidst all these, the International Monetary Fund has reduced the global forecast to 3.2% in 2019 improving to 3.5% in 2020, lowering 10 basis points for both the years.

India is not immune to global headwinds and also internal factors have a key role to play. The world was looking towards the outcome of the 17th Lok Sabha elections which will define the political stability and hence policy objectives. The re-election of Narendra Modi led NDA provided required impetus but weakening demand and increasing unemployment outweighed the impact. The lingering NPA problem and shadow banking crisis impacted the credit availability and demand for consumer durables slumped with the automobile sector is the worst hit. 

Hence, in the first issue of the fourth volume of TAPMI Journal of Economics & Finance, we tried to dig deep into these issues and find the impact of these on Indian and Global economy. TJEF has always tried to narrate the stories that facts and scenarios don’t by themselves. I would like to appreciate the sincere efforts put by all the students to write for us. We are publishing a few of the research papers in this edition of the journal.

Happy Reading!

Co-Managing Editor – K A Bharadwaj

Here is the PDF version of Volume 4 Issue 1:

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