Category: Uncategorized
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India @2047: A Developed Nation?
(This was published by the Quint on 26 August 2022 under the title: ‘Make India No 1’: Nation Needs This To-Do List of Reforms) On India’s 75th anniversary of independence, Prime Minister sounded a bugle for making India a developed nation by 2047. Chief Minister Delhi, two days later, issued his clarion call for India…
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RBI kept the policy rates unchanged today. This pause is after five continuous cuts aggregating to 135 basis points. My take on what has been the impact of monetary policy actions so far and what possibly would be needed to revive the credit and growth cycle
RBI Keeps Policy Rates Unchanged Is Monetary Policy Working to Spur Credit and Growth Monetary Policy Committee (MPC) of Reserve Bank of India today kept the repo rate unchanged at 5.15% and reverse repo rate at 4.90%. This pause keeps the aggregate rate cuts unchanged to 135 basis cuts effected in last five MPC meetings. …
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Quarter 2 GDP numbers were released today. Sharper slowdown at 4.5% in Q2. My take on the state of economy at this juncture
Economic Slowdown Gets Deeper CSO released second quarter GDP growth numbers today. GDP growth in real terms slipped to a decade low of 4.5%. GDP growth for the first half 2019-20 is now only 4.6%. Growth has slipped by 2.7% compared to the first half growth last year. India has rarely witnessed sub 5% quarterly…