Sajjid Z. Chinoy
The writer is chief India economist, J.P. Morgan.
Mon, Feb 08, 2021
Budget's success, and in turn the sustainability of India’s recovery, will now come down squarely to policy execution and coordination.
Mon, Jan 11, 2021
India’s faster-than-expected rebound is very encouraging. But given labour market pressures and prospects of a K-shaped recovery around the world, the economy will need to be carefully nurtured and stoked.
Sat, Dec 05, 2020
So even as economies heal from COVID-19, the distribution of incomes across capital and labour risks becoming very skewed in favour of capital. Why does this matter? Equity issues apart, this portends ominously for future demand.
Thu, Nov 19, 2020
There are no silver bullets or quick fixes. Only a well-thought-out and sequenced reform plan. One that Reclaiming lays out meticulously and comprehensively.
Tue, May 19, 2020
The corona crisis has highlighted the criticality of social infrastructure. India must monetise existing assets in the public sector to fund growth-enhancing investments in physical and social infrastructure.
Thu, Mar 12, 2020
The global market mayhem reflects an unprecedented intersection of worldwide demand destruction, an adverse supply chain shock from China, and a positive oil shock.
Sat, Aug 31, 2019
Stimulative impact of RBI transfer is lower than presumed. Sustained reforms remain key
Sat, Jul 06, 2019
All told, the budget has performed an artful balancing act against a difficult macro backdrop. The big themes — financial, external, fiscal — are all well-intentioned. Now, the authorities must walk the talk with equal skill.
Wed, Jul 03, 2019
Fiscal tightening will accentuate growth slowdown, fiscal stimulus will hurt monetary transmission. There is a third way.
Fri, Jan 11, 2019
Policymakers have done well in the last few years to ensure macroeconomic stability. They must not now give in to the clamour for fiscal, monetary and regulatory easing.
Fri, Feb 09, 2018
Global markets are finally reconciling themselves to the fact that the goldilocks story of 2017 was always too good to be true.
Sat, Sep 30, 2017
Economy could be in a temporary supply shock. Fiscal stimulus will only accentuate external imbalances
Wed, Apr 19, 2017
Current buoyancy in global markets is misleading. Structural flaws have not been corrected, economic nationalism is surging and we could be heading towards an economic malaise
Tue, Jul 19, 2016
India has institutionalised its monetary policy framework in two years; this has to be taken to its logical conclusion
Union Budget 2016
Tue, Mar 01, 2016
A batsman’s mettle is judged more by the deliveries he lets go. FM does well to resist the lure of spending recklessly in the name of growth
Tue, Jan 26, 2016
Asset sales are the way for government to protect credibility while avoiding procyclical fiscal stance
Wed, Nov 11, 2015
If there is to be competitive federalism, borrowing costs for states with varying deficits can’t be the same.
Tue, Sep 08, 2015
GDP deceleration is a statistical quirk. Inability of numbers to capture growth will have consequences.