The writer is co-head of Asia Pacific Strategy and India Strategist for Credit Suisse.
November 02,2024 03:00:10 AM
For those who worked with him in PM's Economic Advisory Council, Debroy's handling of differences, commitment to deep reform will be of abiding significance
Sat, Nov 02, 2024February 02,2024 06:55:18 AM
Government is undertaking difficult job of dialling back its spending, marking a near complete unwinding of the pandemic-driven fiscal expansion
Fri, Feb 02, 2024February 01,2023 20:26:10 PM
As the resilience of the domestic economy gets tested by global headwinds, deft fiscal manoeuvres may be necessary
Thu, Feb 02, 2023April 21,2022 04:00:53 AM
Devesh Roy and Neelkanth Mishra write: India’s prospects for sustained wheat exports are limited. The surplus stocks are a fraction of the quantity exported annually by Russia and Ukraine.
Thu, Apr 21, 2022February 02,2022 03:17:41 AM
Neelkanth Mishra writes: Government now has more funds than it can allocate
Wed, Feb 02, 2022October 14,2021 03:01:28 AM
Neelkanth Mishra writes: While there are certain risks, for now, the flow of funds is a welcome booster for an economy that is still recovering from the pandemic
Fri, Oct 15, 2021July 22,2021 03:21:30 AM
Neelkanth Mishra writes: It is likely to be much higher than currently expected, but still below the pre-pandemic path
Thu, Jul 22, 2021May 05,2021 03:39:15 AM
The surge in cases and deaths might be a result of patient migration from surrounding districts. A revamp of rural healthcare system is urgent.
Wed, May 05, 2021April 06,2021 03:52:51 AM
Tapping foreign savings is one step in the right direction, but more needs to be done to make the economy conducive to post-pandemic recovery.
Tue, Apr 06, 2021February 02,2021 03:00:06 AM
Despite being acutely aware of the plight of the urban poor, given the lack of efficient channels to provide direct help, the government is relying on boosting economic growth, which can then create opportunities for them.
Tue, Feb 02, 2021January 26,2021 03:41:11 AM
On February1, Finance Minister Nirmala Sitharaman will present what could turn out to be India's most consequential Budget in years. What is the status of the post-Covid recovery process, and what are the concerns going forward? What should you look for in the Budget – and what should the Budget be looking at?
Sat, Jan 30, 2021November 14,2020 03:30:03 AM
One must appreciate the restraint in “spending other people’s money”, a tendency most regimes find hard to resist. But it is equally important that nominal GDP growth picks up strongly.
Sat, Nov 14, 2020October 12,2020 02:00:50 AM
The economic scars of the last six months are likely to take time to heal, the financial system still needs a major overhaul, and the only permanent solution to the large BoP surplus is stronger domestic demand, which will take time, and is best achieved through a well-designed fiscal stimulus.
Mon, Oct 12, 2020September 07,2020 02:30:31 AM
The contraction seen in first-quarter GDP data is severe, but not unexpected. What should be done — or not done – at the level of govt policy so that the economy gets a chance to rebound as quickly as possible?
Sun, Sep 13, 2020July 29,2020 03:00:35 AM
As private investment and consumption settle at far lower levels than earlier anticipated, the government’s role in the economy over the next two years or so would need to be much larger than it has been in the last three decades.
Wed, Jul 29, 2020May 15,2020 03:50:17 AM
We believe a continued focus on reforms and on sustaining India’s growth potential will be critical in preventing macroeconomic instability.
Fri, May 15, 2020March 28,2020 03:30:28 AM
Some observers are also concerned about what high deficits would do to India’s credit ratings. It remains to be seen how agencies respond to globally large fiscal deficits monetised by central banks; India may not be an outlier here.
Sat, Mar 28, 2020February 06,2020 02:10:34 AM
With central reforms increasingly announced outside budget speeches, and both revenue and expenditures starting to become predictable, it might be more productive for public attention to move to other areas of government functioning like state and municipal budgets.
Thu, Feb 06, 2020August 30,2019 00:49:58 AM
The government needs to take a decisive approach on the financial architecture in India: It needs to take an axe to the system, as a scalpel will no longer suffice.
Fri, Aug 30, 2019July 08,2019 00:12:18 AM
Budget takes a calculated risk to fund part of borrowings through foreign currency bonds
Mon, Jul 08, 2019May 31,2019 02:05:09 AM
New government should utilise its enormous political capital to introduce economic reforms
Fri, May 31, 2019April 17,2019 00:05:14 AM
The constraints in the financial system have further worsened the monetary tightness. As growth continues to slow and inflation stays below the target, interest rates may keep falling, but likely not fast enough to revive growth quickly.
Wed, Apr 17, 2019February 05,2019 01:26:57 AM
The income transfer scheme was the highlight of the budget. But its success will need deft manoeuvring.
Tue, Feb 05, 2019October 23,2018 00:11:18 AM
India needs to bring structural changes, reset targets, influence global policy and choices.
Tue, Oct 23, 2018June 18,2018 00:30:04 AM
With volatility in global currency markets up again, debate on rupee’s correct value has restarted
Mon, Jun 18, 2018