Tag: Trades & Markets

Reflections, Ideas & Perspectives

Globalization’s Precursor: The Enduring Lessons of the Silk Road

Indrajit Roy Choudhury

The Silk Road, a vast trade network spanning from East Asia to Europe, played a transformative role in shaping ancient commerce and settlements. Beyond facilitating the exchange of luxury goods, it fostered cultural, technological, and economic interactions that laid the foundation for global trade. Its principles of specialization, collaboration, and innovation continue to influence modern supply chains, underscoring the enduring importance of interconnected trade in driving economic growth and sustaining complex settlements worldwide.

Banking Excellence & Financial Innovation

The Boston Tea Party: A Timeless Lesson in Supply Chain Disruption

Indrajit Roy Choudhury

The Boston Tea Party in December 1773 exemplified the impact of supply chain disruptions, highlighting their role in historical movements and modern commerce. Today's global supply chains face challenges from pandemics, natural disasters, and cyberattacks. Emphasising resilience, businesses must diversify suppliers, optimise inventory, adopt technology, assess risks, and strengthen partnerships to navigate future uncertainties effectively.

Reflections, Ideas & Perspectives

The Indian Rupee’s Rising Global Profile: A New Era of International Trade

Indrajit Roy Choudhury

The Indian rupee (INR) is gaining international acceptance, with 18 countries agreeing to trade in INR, and the UAE considering settling trade in rupee-dirham. Trading in INR offers benefits such as reduced exposure to exchange rate fluctuations, lower transaction costs, and enhanced economic sovereignty for India. While India aims for international currency status, challenges remain, including exchange rate volatility and capital flow restrictions. Despite challenges, INR's growing international use enhances India's economic influence and stability.

Reflections, Ideas & Perspectives

Greed, Stupidity, & the Looming Recession: Lessons from a Samosa Seller

Indrajit Roy Choudhury

Banwarilal's samosa business serves as a parable for economic downturns, highlighting the impact of greed and poor decision-making. His son's fear-driven cost-cutting measures nearly led to the business's collapse during a recession. Returning to ethical practices, Banwarilal revived his business, illustrating the importance of quality and ethics for sustainable success. This story emphasizes the need for responsible and far-sighted economic practices to prevent future crises.

Reflections, Ideas & Perspectives

The Indian Rupee’s Struggle: A Detailed Analysis

Indrajit Roy Choudhury

The Indian rupee has plunged more than 6 per cent against the US dollar this year and tumbled to record lows against the American currency in recent weeks, weighed down by broad strength in the greenback and as investors retreated from domestic share markets. This is in spite of the Indian central bank’s conviction and actions to stall a freefall. The Reserve Bank of India (RBI) has attempted to save the vulnerable rupee. The analysts say the dollar is likely going to remain strong for the next three months, possibly to the end of the year. The Fed wants to maintain a strong dollar so that the dollar can remain the world's major reserve currency.