Columnists

Dharmakirti Joshi

The writer is chief economist, CRISIL.

What GDP data says about state of economy, its influence on budget priorities

Mon, Jan 10, 2022

🔴 Government needs to ramp up infrastructure-focused spending, while bringing down deficits over the medium term

An upturn in the economy is here, as is Omicron

Thu, Dec 02, 2021

🔴 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?

Decoding RBI’s monetary policy statement

Wed, Oct 13, 2021

Dharmakirti Joshi writes: The central bank will continue to be tolerant of inflation until the economy is on surer footing.

It’s time for RBI to turn its attention to inflation

Thu, Jun 24, 2021

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.

What India needs for economic recovery: policy support in general and fiscal support in particular

Wed, Jun 02, 2021

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.

Economy is doing better in year’s second half. Pandemic scars won’t be erased merely by growth

Mon, Mar 01, 2021

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

Budget 2021 comes in an unusual macroeconomic backdrop. Economic Survey has provided some cues

Mon, Feb 01, 2021

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.

Public sector investments are likely to remain depressed as states cut back on spending, making recovery difficult

Thu, Nov 26, 2020

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.

India will have to swim against the tide to capture shrinking pie of global trade

Mon, Sep 21, 2020

Developing countries like India need to fast-track reforms to improve the investment climate and attract investments, relocating away from China.

Improvement in economy might slow down or even stagnate in the second quarter

Fri, Jul 17, 2020

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..

Maintaining adequate domestic savings is essential to sound macroeconomic management

Wed, Jun 26, 2019

Focus should be on lifting savings rate, else there is a risk of private investments being crowded out.

India can benefit from the US-China tariff war if it plays its cards well

Tue, May 21, 2019

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.

The new public investors

Mon, Dec 10, 2018

With the Centre focusing on fiscal consolidation, public investments by state governments spur infrastructure development

Look beyond Mint Road

Sat, Oct 03, 2015

More needs to be done to reduce the delay in interest rate transmission in India.

Make the cut

Mon, Aug 03, 2015

A waning supply shock in an environment of tepid demand affords RBI elbow room to wield the knife.

States are able

Mon, Jun 01, 2015

They must also be willing to do the heavy lifting to kickstart the investment cycle.

Union Budget 2015

Columnists

Dharmakirti Joshi

What GDP data says about state of economy, its influence on budget priorities

An upturn in the economy is here, as is Omicron

Decoding RBI’s monetary policy statement

It’s time for RBI to turn its attention to inflation

What India needs for economic recovery: policy support in general and fiscal support in particular

Economy is doing better in year’s second half. Pandemic scars won’t be erased merely by growth

Budget 2021 comes in an unusual macroeconomic backdrop. Economic Survey has provided some cues

Public sector investments are likely to remain depressed as states cut back on spending, making recovery difficult

India will have to swim against the tide to capture shrinking pie of global trade

Improvement in economy might slow down or even stagnate in the second quarter

Maintaining adequate domestic savings is essential to sound macroeconomic management

India can benefit from the US-China tariff war if it plays its cards well

The new public investors

Look beyond Mint Road

Make the cut

States are able

Unspectacular, but in the right direction

A cut in time

Fools rush in

Mining a slow death

Agriculture can’t wait

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