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Thursday, June 24, 2021

Sonal Varma

Sonal Varma is chief economist (India and Asia ex-Japan) and India economist, respectively, for Nomura

The virus threatens India’s economic recovery again. But don’t panic yet
Sat, Apr 10, 2021

The spectre of lockdowns is looming large once more, and while there are bright spots, there are also risks and uncertainties to watch out for.

Budget 2021’s turn to fiscal activism could have positive multiplier effects
Thu, Feb 04, 2021

Policy normalisation is often feared, but it is, in fact, a good sign that the economy is returning to normal after the pandemic-inflicted shock. The hope is that this is not the old slow normal, but a new, and brighter, normal.

Coordinated fiscal and monetary policies will be needed to finance higher deficits
Tue, Sep 08, 2020

While we may estimate a sequential improvement in GDP growth in the second quarter, there is likely to be another massive contraction of (-) 10.4 per cent. Growth is likely to remain in negative territory for the next two quarters.

Skidding on the flat mobility curve
Mon, Jul 27, 2020

Easing the lockdown before controlling the pandemic is now stalling activity significantly below normal as the post-lockdown euphoria is ebbing

The Bank’s reserves
Wed, Jul 03, 2019

Discourse on RBI’s capital shows it is becoming sensitive to growth concerns.

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