Sajjid Z. Chinoy

The writer is chief India economist, J.P. Morgan.

Articles By Sajjid Z. Chinoy

There is no space for an inadvertent confluence of fiscal, regulatory, monetary easing

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.

Plunging to reality

Global markets are finally reconciling themselves to the fact that the goldilocks story of 2017 was always too good to be true.

Pause before you leap

Economy could be in a temporary supply shock. Fiscal stimulus will only accentuate external imbalances

Boom, bust

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

A strong foundation

India has institutionalised its monetary policy framework in two years; this has to be taken to its logical conclusion

Well left, Finance Minister

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

Sell to spend

Asset sales are the way for government to protect credibility while avoiding procyclical fiscal stance

No more hand holding

If there is to be competitive federalism, borrowing costs for states with varying deficits can’t be the same.

Gross Deflator Problem

GDP deceleration is a statistical quirk. Inability of numbers to capture growth will have consequences.

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