The writer is chief India economist, J.P. Morgan.
Global markets are finally reconciling themselves to the fact that the goldilocks story of 2017 was always too good to be true.
Economy could be in a temporary supply shock. Fiscal stimulus will only accentuate external imbalances
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
India has institutionalised its monetary policy framework in two years; this has to be taken to its logical conclusion
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
Asset sales are the way for government to protect credibility while avoiding procyclical fiscal stance
If there is to be competitive federalism, borrowing costs for states with varying deficits can’t be the same.
GDP deceleration is a statistical quirk. Inability of numbers to capture growth will have consequences.
Atal Bihari Vajpayee initiated the famous Delhi-Lahore bus service to foster better relationships between India and Pakistan. Vajpayee had travelled on the same bus during its inaugural run on February 19, 1999 and was received by Nawaz Sharif, his counterpart in Pakistan.