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Journalism of Courage

Jahangir Aziz

The writer is chief Asia economist, JP Morgan. Views are personal.

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US courts might well upset the best laid plans of mice and men. Continued uncertainty is the only certainty.

Uncertainty around US tariffs will not be over after August 1, even with signed trade dealsSubscriber Only

July 28,2025 07:30:39 AM

There is an overlooked event that could easily make these deals moot and plunge the tariff discussions into more uncertainty.

Mon, Jul 28, 2025

US tariffs are likely to remake the global trade system. Few economies are prepared for thisSubscriber Only

April 22,2025 17:47:23 PM

We will have to consider things that are almost unthinkable in India. For example, raising consumption necessarily means lowering savings

Wed, Apr 23, 2025

global financial crisis, climate change, Post-pandemic life, Covid 19, India’s GDP, SME investment, indian express, indian express news

Post-pandemic, climate change will drive investmentsSubscriber Only

June 03,2023 07:25:54 AM

If the importing countries do not want to or cannot, because of regulations, use high-carbon products, then firms in emerging markets will either need to produce lower carbon products or pay the cost of offsetting the carbon-content differential. The time to worry is getting close

Sat, Jun 03, 2023

Credit Suisse collapse: The collapse of two mid-sized banks in the US does not portend a hard landing or a tipping pointSubscriber Only

March 20,2023 18:46:59 PM

Jahangir Aziz writes: It appears to be the start of the process by which interest rate hikes first slow credit, then the economy and eventually, inflation

Wed, Mar 22, 2023

Monetary policy alone won’t bring down inflationSubscriber Only

May 13,2022 02:20:17 AM

Jahangir Aziz writes: Bringing down today’s inflation requires a resolution of geopolitical tensions in Europe, changes to China’s zero-Covid policy, much stronger fiscal support from the government, and reforms that help repair the disrupted domestic supply chain

Fri, May 13, 2022

Budget indicates growth will have to be public sector drivenSubscriber Only

February 04,2022 03:03:26 AM

Jahangir Aziz writes: With debt already at a high level, this strategy could prove to be challenging

Fri, Feb 04, 2022

Why China has decided against saving EvergrandeSubscriber Only

September 25,2021 03:45:40 AM

Jahangir Aziz writes: It is the strongest signal yet that no corporate is ‘too big to fail’ and that there are no state guarantees for them.

Sun, Sep 26, 2021

Recovery? Different numbers tell different storiesSubscriber Only

March 08,2021 02:14:12 AM

With a more accurate way of measuring GDP growth, the pace of recovery is much slower in real terms

Mon, Mar 08, 2021

Budget puts welcome emphasis on health, infrastructure, privatisation. But lack of income support continuesSubscriber Only

February 02,2021 03:26:58 AM

While the Budget is constructive and has helped to allay fears of excessive fiscal tightening, it did not go far enough to mitigate the tail risk that the current economic recovery does not turn into a “dead cat bounce”.

Tue, Feb 02, 2021

Govt citing lack of fiscal space for reluctance to provide adequate support to economy is oddSubscriber Only

December 15,2020 00:56:35 AM

What needs to be ensured is that the recovery is not hamstrung by damaged household and SME balance sheets because of the extended loss of wages and incomes. This requires extensive income support now.

Tue, Dec 15, 2020

India should opt for income support so that pandemic does not turn into a financial crisisSubscriber Only

September 17,2020 05:38:19 AM

What is needed is ample income support for households and firms now so that the recovery is not hamstrung by excessively damaged balance sheets

Thu, Sep 17, 2020

Cut interest rates, increase liquidity, allow fiscal deficit to widen as a response to COVID crisisSubscriber Only

June 24,2020 03:00:53 AM

However, this is not a crisis like the ones before. This time around, we need to weigh not the cost of taking these measures but the cost of not taking them.

Wed, Jun 24, 2020

india coronavirus, coronavirus, india lockdown, india lockdown economy loss, india coronavirus measures, india coronavirus health care, india coronavirus rbi measures

Policy support for Covid-19 crisis must be determined by extent of economic damageSubscriber Only

April 02,2020 00:34:06 AM

As long as the government credibly commits to reversing the action as soon as the crisis is over, rating agencies and fiscal conservatives alike will likely treat this kindly, as it is a response to a crisis caused not by poor economic policies, but by an act of nature.

Thu, Apr 02, 2020

Economic policy should bridge the gap between the brutal downturn and eventual recoverySubscriber Only

March 24,2020 00:30:16 AM

Income support to most vulnerable is key. India cannot complain that it does not have the fiscal space or infrastructure to provide it.

Tue, Mar 24, 2020

Domestic demand must play a greater role in India’s growth storySubscriber Only

March 05,2020 00:12:35 AM

Policymakers need to stop thinking about India as a perennially supply-constrained economy focusing almost all policies and reforms to easing these constraints. Instead, it is time to let domestic demand play a greater role in India’s growth story.

Thu, Mar 05, 2020