Wednesday, Feb 01, 2023
Journalism of Courage
Advertisement
Dharmakirti Joshi
The writer is chief economist, CRISIL.
Authors you can follow
More From Dharmakirti Joshi
Economic Survey 2023: A broad-based recovery has lifted all major sectors above pre-pandemic levels. But that is about to be tested by slowing global growthPremium Story
January 31,2023 18:33:15 PM
Survey touches upon wide-ranging aspects that will shape outlook in coming fiscal year and medium term. How much of that will be a pre-election year Budget foreground? We are about to find out
Wed, Feb 01, 2023
How can India make a soft landing amid global economic crash?
December 02,2022 06:21:57 AM
Dharmakirti Joshi writes: India’s growth cycle has become well-synchronised with those of advanced economies. So, a sharp slowdown in these countries will spill over to India.
Fri, Dec 02, 2022
Rising interest rates and slowing external demand will dampen growth over the foreseeable futurePremium Story
October 10,2022 04:15:15 AM
Given so many moving parts and geopolitical complexity, policymakers and market participants have an unenviable task of anticipating turnarounds, and the speed of recovery or downturn. The long-term trend rate of growth will be influenced by many factors including efficiency-enhancing reforms.
Mon, Oct 10, 2022
What the first quarter’s GDP numbers reveal: The new growth normalPremium Story
September 02,2022 04:08:16 AM
Dharmakirti Joshi writes: Maintaining momentum next year could be more challenging, with global growth slowing and lagged impact of monetary tightening in economy
Fri, Sep 02, 2022
Dharmakirti Joshi writes: RBI leans harder to rein in inflation, but rebound in services will put upward pressure on pricesPremium Story
June 09,2022 04:15:29 AM
Dharmakirti Joshi writes: What does all this mean for growth and inflation?
Thu, Jun 09, 2022
Tackling the inflation hydraPremium Story
April 28,2022 04:00:29 AM
Dharmakirti Joshi, Pankhuri Tandon write: There is little that the RBI can do in the near term.
Thu, Apr 28, 2022
A growth-focussed monetary policyPremium Story
February 11,2022 03:09:17 AM
Dharmakirti Joshi writes: RBI stays the course despite risks to inflation, changing global environment
Fri, Feb 11, 2022
What GDP data says about state of economy, its influence on budget prioritiesPremium Story
January 10,2022 03:33:58 AM
🔴 Government needs to ramp up infrastructure-focused spending, while bringing down deficits over the medium term
Mon, Jan 10, 2022
An upturn in the economy is here, as is OmicronPremium Story
December 02,2021 04:00:49 AM
🔴 Dharmakirti Joshi writes: What lies ahead in terms of growth, even as new Covid variant reminds us of that the virus is yet to be defeated?
Thu, Dec 02, 2021
Decoding RBI’s monetary policy statementPremium Story
October 12,2021 03:00:36 AM
Dharmakirti Joshi writes: The central bank will continue to be tolerant of inflation until the economy is on surer footing.
Wed, Oct 13, 2021
It’s time for RBI to turn its attention to inflationPremium Story
June 24,2021 03:01:58 AM
Dharmakirti Joshi, Pankhuri Tandon write: So far, it has not responded to high inflation. But recent trends will persuade it to turn focus back on prices.
Thu, Jun 24, 2021
What India needs for economic recovery: policy support in general and fiscal support in particularPremium Story
June 02,2021 03:02:15 AM
Dharmakirti Joshi writes: Without such support, recovery would be unbalanced, leaving a significant share of both companies and households in acute distress, even as overall GDP numbers show better growth.
Wed, Jun 02, 2021
Economy is doing better in year’s second half. Pandemic scars won’t be erased merely by growthPremium Story
March 01,2021 03:15:08 AM
For a broader and more sustainable revival, the trigger will still need to come from government investment spending with higher multipliers, crowding in private investments
Mon, Mar 01, 2021
Budget 2021 comes in an unusual macroeconomic backdrop. Economic Survey has provided some cuesPremium Story
February 01,2021 03:00:44 AM
Growth cannot be sustained without lubrication from a healthy financial sector and, for that, the Survey suggests withdrawal of forbearance once growth is back on track followed by an asset quality review and another round of recapitalisation of banks.
Mon, Feb 01, 2021
Public sector investments are likely to remain depressed as states cut back on spending, making recovery difficultPremium Story
November 26,2020 03:02:15 AM
The bottom line is that with the slowdown in growth, and as a consequence in government's revenues (for both, the Centre and states), debt servicing for states, which looked comfortable, is set to become burdensome.
Thu, Nov 26, 2020
India will have to swim against the tide to capture shrinking pie of global tradePremium Story
September 21,2020 03:00:40 AM
Developing countries like India need to fast-track reforms to improve the investment climate and attract investments, relocating away from China.
Mon, Sep 21, 2020
Improvement in economy might slow down or even stagnate in the second quarterPremium Story
July 17,2020 03:15:40 AM
India has had little option but to open up the economy. That has led to some improvement in economic activity towards the latter part of the April-June quarter — but this is unlikely to sustain. In the July-September quarter, we expect the pace of improvement to slow down or even stagnate and fall in some cases..
Fri, Jul 17, 2020
Maintaining adequate domestic savings is essential to sound macroeconomic managementPremium Story
June 26,2019 01:56:30 AM
Focus should be on lifting savings rate, else there is a risk of private investments being crowded out.
Wed, Jun 26, 2019
India can benefit from the US-China tariff war if it plays its cards wellPremium Story
May 21,2019 01:45:01 AM
If this trade war continues over a longer horizon, it could even result in shift of production bases and restructuring of global supply chains. Chinese firms are already moving production to their plants in other countries. India figures in the list of such probables.
Tue, May 21, 2019
The new public investorsPremium Story
December 10,2018 00:45:08 AM
With the Centre focusing on fiscal consolidation, public investments by state governments spur infrastructure development
Mon, Dec 10, 2018
Look beyond Mint RoadPremium Story
October 03,2015 00:00:53 AM
More needs to be done to reduce the delay in interest rate transmission in India.
Sat, Oct 03, 2015
Make the cutPremium Story
August 03,2015 00:00:00 AM
A waning supply shock in an environment of tepid demand affords RBI elbow room to wield the knife.
Mon, Aug 03, 2015
States are ablePremium Story
June 01,2015 00:00:23 AM
They must also be willing to do the heavy lifting to kickstart the investment cycle.
Mon, Jun 01, 2015
Unspectacular, but in the right directionPremium Story
March 03,2015 00:42:24 AM
For the budget to succeed, government needs to build institutional capacity to carry through proposed public investment, step up divestment.
Tue, Mar 03, 2015
A cut in timePremium Story
February 03,2015 00:00:14 AM
Low rates will help. But sustainable higher growth requires the government to debottleneck sectors and push through pending reforms.
Thu, Oct 31, 2019