Saon Ray

Thread: 1/8 Our book "A Primer on Electric Vehicles in India: A Machine-Generated Literature Overview" is out. (with Deb Mukherji) This book tries to answer everything you want to know about electric vehicles in the Indian context. link.springer.com/book/10.1007/9…

IMF Managing Director @KGeorgieva: The global economy faces another major test. The Middle East war has triggered a large supply shock, cutting oil flows by about 13% and LNG flows by about 20%, pushing up prices and disrupting supply chains globally. imf.org/en/news/articl…

Tariffs on vehicles can benefit domestic producers, but tariffs on imported parts raise costs and reverse these gains, with effects driven by firms’ global supply chains, from Luke Heeney, @KnittelMIT, and @MandiaJasdeep nber.org/papers/w35023

New at JIE: "The US-China trade war creates jobs (elsewhere)" by Tiago Cavalcanti (@TiagoCavalcan), Pedro Ogeda (@OgedaPedro), Emanuel Ornelas (@EmanuelOrnelas_) doi.org/10.1016/j.jint…

It is striking how much direct trade between the US and China has fallen off over the last decade. China's share in US imports at 9% is back down to what it was right before China joined the WTO (2001).

This is based on my presentation at the UNU-WIDER's Development Conference in New Delhi, March 18-20, 2026. wider.unu.edu/programme/conf…

Sharing my Substack post on Inclusive services growth: saonray.substack.com/p/inclusive-se…

The Strait of Hormuz disruption is affecting more than #oil and gas, with impacts emerging across a range of key #commodities. Here are 9 materials now most exposed to the shift in global supply flows. weforum.org/stories/2026/0…

🚨 NEW | Emerging economies skipped fixed-line phone networks entirely. Now the same leapfrog is happening in energy – and it's moving faster than most people realise ⚡📱 A thread on the electric fast-track 🧵1/6 @TheCVF ember-energy.org/latest-insight…

Underdeveloped markets tend to fund larger firms and a narrow set of industries, leaving many smaller, innovative businesses without the capital they need to grow and innovate. 📕Get insights on financing constraints and their effects on growth: wrld.bg/GIgm50TSrrP

Will AI destroy jobs? The 23-year-old data analyst is being told to reskill. Into what, exactly, is left as an exercise for them to figure out. @kaul_vivek looks at the questions that should be at the centre of every AI summit newslaundry.com/2026/04/02/wil…

Food for thought! "Is the Inflation Process in Advanced Economies Different After the Pandemic?" by François de Soyres, Avani Pradhan, and Zina Saijid. "Even as headline inflation returns to or nears central bank targets in advanced economies, according to the approach we have followed here, the composition of price pressures remains different from the pre-pandemic era. A larger share of CPI categories now experiences inflation above 3 percent, while deflation has become rarer. In some countries, the relationship between inflation and the breadth of price changes may have shifted, but more data will be needed to assess whether this shift represents a lasting change in the inflation process." federalreserve.gov/econres/notes/…

Talking with @ChathamHouse Director @bronwenmaddox on how energy policies of different governments over decades have led to the UK’s energy costs being so high, and on what to do about energy costs and energy security, and who should pay. bit.ly/4s6a6zq

"Global versus Domestic Supply Chain Disruptions: Implications for Inflation and Economic Confidence" is published at International Finance: onlinelibrary.wiley.com/share/author/Q… Working paper version is available at dx.doi.org/10.2139/ssrn.4…

PODCAST: Great to be back at "Odd Lots" with @tracyalloway and @TheStalwart. Lots to discuss linked to the US-Iran war: why oil prices will go much higher to destroy demand, but why expensive fertilizer doesn't mean a food crisis is coming. podcasts.apple.com/us/podcast/jav…

"Thresholds in the Finance-Growth Nexus: A Cross-Country Analysis" is available at the World Bank Economic Review: doi.org/10.1093/wber/l…

In 2006, countries had on average 28 direct shipping partners. By 2026, that number fell to 25. Fewer direct connections reshape maritime trade access—especially for smaller economies. See the all the maps: wrld.bg/oI0I50YBjPG

How does technology diffuse? Last month on Ideas in Development, Josh Lerner @HarvardHBS joined @deenamousa & @oliverhanney to discuss why is there a gap between innovation & impact, and the role of venture capital, universities & China in diffusion: voxdev.org/topic/technolo…

Tesla received billions in government loans, tax credits and subsidies, making Elon Musk the world's richest person. The public? No equity stake, no profit-sharing, no guarantee of affordable access. My working paper with @rodrikdani has now been published in Industrial and Corporate Change. It explores the conditionalities—profit-sharing, reinvestment requirements, knowledge transfer—that can ensure industrial policy delivers public value, not just private wealth. [LINK IN NEXT POST]

IIM-Ahmedabad to study why PLI schemes fell short, recommend course correction (@vijaycroy, @Moreorleshphil report ) livemint.com/news/iim-ahmed…

Trump’s second term trade war decimated US farm exports to China in 2025. Real agriculture exports fell to roughly 2018 levels, the last time the two countries were in a tariff fight. Learn more: piie.com/blogs/realtime…