Arvind’s Newsletter

Issue No #671

1. Recession, really? Revenge travel: Indians splurge record $10 billion on foreign trips this fiscal

2. Post-Hindenburg what happens to Adani’s Energy plans? And how will the contagion affect India’s ‘green growth’ ambitions? M Rajshekhar reporting in Carbon Copy opines on this . Long and interesting read.

  1. Ben Carson, writes a investment blog “A wealth of Common Sense” . In his latest, post he writes , “ My contention is a long time horizon is your biggest ally as an investor. Historically, the longer your time horizon in the stock market the higher your probability for a positive outcome.” Read on.

4.Lost cities -Muziris: did black pepper cause the demise of India's ancient port?

The mystery of India’s ancient port of Muziris has captivated archaeologists for decades. Once at the heart of one of the world’s most influential trading routes, and hailed by Roman author Pliney the Elder as “the first emporium of India”, Muziris was known for its opulence, frequented by ships carrying spices, gems, ivory and silk.

However, suddenly, in the 14th Century, it was no more. Seemingly wiped from the map, the great port of Muziris disappeared without a trace. To this day, there is still huge debate over Muziris true location, but could new archaeological evidence finally provide an answer? Listen to this video and read another article on the topic which discusses this mystery.

5.Russian economy is resilient

Almost a year after its invasion of Ukraine, Russia’s economy has proven surprisingly resilient. GDP fell only 2.2% in 2022, despite forecasters — even Russian ones — predicting it would shrink up to 12% under pressure from Western sanctions. The IMF now forecasts it will grow 0.3% this year. Embargoes on Russian oil exports have proved underwhelming. Russia exported 3.7 million barrels per day in January, the highest level since June, with most going to China and India, which have not imposed sanctions. Still, there are challenges: export revenues are likely to decline further this year, and budget deficits could worsen. “2023 will more closely resemble a typical international crisis,” a UCLA economist wrote.