The writer is chief economist, CRISIL. Co-written by Vidya Mahambare, principal economist and Neha Saraf, junior economist, CRISIL.
RBI is right to hold off on rate cuts. Inflation must hit a sustained low first.
To keep CAD in check, India needs to pay attention to the rising trade deficit in mining, not focus on gold imports.
While RBI is holding rates steady, government needs to overhaul food markets.