The Economics and Future of E-commerce Fraud in India

E-commerce is one of the Indian economy’s fastest growing sectors. Bank of America Merrill Lynch estimates the Indian online retail market to carry a gross merchandise value (GMV) of $62 billion by 2020, with a GMV of $17 billion this year. This growth is fueled by businesses which are increasing efficiencies in demand and supply …

Performative Effects and Politics of Sovereign Credit Ratings

At the BRICS summit in Goa last October, five nations agreed to explore the possibility of launching a credit rating agency. The following month, S&P decided to leave India’s sovereign credit rating unchanged. The way events surrounding India’s credit rating have been unfolding are of great importance and significance. They point to many inherent flaws …