The writer is the chief economic advisor with the State Bank of India.

December 05,2025 07:14:16 AM
Liquidity in the system is optimal and supportive of growth. The healthy pick up in credit off take is evident. Credit growth from the larger ecosystem, including NBFCs and private credit, looks robust as deal volumes suggest across India Inc. where a wave of M&A activities is indicative of renewed interest in capturing markets and mindsets of consumers.
Fri, Dec 05, 2025
July 19,2025 07:10:35 AM
MSMEs could thus benefit from a plethora of overlapping factors, capacity expansion in a benign regime when public policies are getting increasingly reoriented for their welfare
Sat, Jul 19, 2025
May 29,2025 06:50:59 AM
Multilateral agencies need to introspect about need and justification for aid to Pakistan
Thu, May 29, 2025
September 03,2024 07:35:31 AM
Even with first quarter growth coming in below expectations, RBI’s estimate of 7.2 per cent for the full year looks reasonable
Wed, Sep 04, 2024
August 28,2024 07:35:00 AM
PMJDY account holders have entered the formal financial system after a lot of push. Future government programmes must explore interlinking accounts for a holistic approach to economic empowerment
Wed, Aug 28, 2024
February 09,2024 07:07:11 AM
Monetary and fiscal policies have put in place conditions for a phase of steady growth and moderate inflation
Fri, Feb 09, 2024
December 02,2023 07:30:35 AM
The Indian growth story remains a beacon of hope. The economy is unlikely to slow down in line with other major economies of the world as the government continues to undertake reforms
Sun, Dec 03, 2023
October 17,2023 00:01:54 AM
Near normal monsoon, government’s thrust on capital spending and increase in credible borrowing are good signs. India is likely to grow at a faster-than-expected pace despite the conflict in West Asia
Tue, Oct 17, 2023
September 22,2023 07:07:32 AM
Despite claims to the contrary, India’s economic momentum is strong, and the country is likely to continue being one of the fastest-growing economies in the world
Fri, Sep 22, 2023
August 11,2023 07:07:56 AM
Central Bank has been able to steer through the ongoing period of acute global economic uncertainty
Fri, Aug 11, 2023
June 02,2023 07:00:01 AM
Soumya Kanti Ghosh writes: While challenges and questions remain on our glide path, half-baked research must not be allowed to influence the narrative around India’s growth story
Fri, Jun 02, 2023
March 21,2023 07:05:20 AM
Regulators need to plan their moves with clarity, in consultation with broader market participants to continue to remain in the driving seat
Tue, Mar 21, 2023
March 02,2023 07:49:50 AM
GDP data shows pandemic impact is less severe than feared. Monetary policy should decouple from US Fed
Thu, Mar 02, 2023
February 10,2023 07:07:05 AM
Exit from current policy stance should differ across countries depending on the risks to growth and price stability
Fri, Feb 10, 2023
September 23,2022 18:35:20 PM
The Indian currency has weakened because the dollar has strengthened, not because economic fundamentals have worsened
Mon, Sep 26, 2022
July 19,2022 22:33:37 PM
Soumya Kanti Ghosh writes: India's economic fundamentals are robust. Rupee crossing the $80 mark is a result of Ukraine war, decisions by major central banks
Wed, Jul 20, 2022
July 02,2022 03:30:44 AM
Soumya Kanti Ghosh writes: It did not get fixated on a one-point agenda, daring to look beyond the inflation print, focussing on economic reinvigoration.
Sat, Jul 02, 2022
May 05,2022 03:43:23 AM
Soumya Kanti Ghosh writes: It may have surprised the markets, but the move was prudent. More hikes are likely to follow
Thu, May 05, 2022
April 08,2022 04:00:53 AM
Soumya Kanti Ghosh and Bikramjit Chaudhuri write: Ukraine crisis could catapult India to the centre of a diplomatic and economic triangle, with Russia and China, in Indo-Pacific
Fri, Apr 08, 2022
March 09,2022 04:00:11 AM
Centre and RBI must rely on unconventional policies to manage finances better, ensure the least disruptions to the government's borrowing programme
Wed, Mar 09, 2022
December 13,2021 03:01:11 AM
🔴 Soumya Kanti Ghosh, Saket Hishikar write: While there are obvious concerns of money laundering and benami transactions, there are equal concerns with respect to company laws, payment systems and banking, securities and other commercial laws, and consumer protection
Tue, Dec 14, 2021
October 23,2021 04:00:03 AM
Pandemic has set the stage for a decade of churn. Central banks across the world are facing a great challenge
Sun, Oct 24, 2021
July 27,2021 03:25:53 AM
Soumya Kanti Ghosh, V Anantha Nageswaran write: It is sensible to wait for better data, which should become available in 2023, if not sooner
Tue, Jul 27, 2021
July 05,2021 03:09:12 AM
Soumya Kanti Ghosh, Sachchidanand Shukla write: While the government went all out last year to shield the rural economy and households by way of free food, free gas, front-loading PM-Kisan payments, increasing MGNREGA allocation, moratoriums etc, it seems to have changed tack in the current fiscal.
Mon, Jul 05, 2021
June 08,2021 03:02:36 AM
It must plan for vaccinating children, step up support to households, MSMEs, take steps to strengthen the health infrastructure.
Tue, Jun 08, 2021




