Trade Deficit
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Understanding Michael Hudson's 'The Dollar's Original Sin' in Global Finance
Michael Hudson's influential concept, 'The Dollar's Original Sin,' argues that the US dollar's role as the primary global reserve currency gives the US unique economic advantages, often at the expense of other nations. This framework helps explain persistent imbalances in international trade and finance.
India Records Rare $4.7 Billion Current Account Surplus as Remittances Surge
India's economy achieved a rare milestone in April with a current account surplus of $4.7 billion, fueled by strong earnings from service exports and money sent home by Indians living abroad. While oil imports remains high, this surplus strengthens the Rupee and helps keep the national economy on stable ground.
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