There may not be a sharp pick up in consumption growth unless investment growth and job creation both pick up
The sharp rise in asset prices globally aided by abundant liquidity is a cause for concern
GST, the new tax regime, has brought with it a lot of anxiety in terms of implementation.
Even after 70 years of independence, healthcare facilities for the common Indian are in a dismal state. The contrast is quite remarkable—on one hand we have made rapid strides in medical technology, and have top quality doctors to the extent that we are promoting medical tourism even amongst developed world patients, on the other 70% […]
Rising global PMI since mid-2016 is supportive of commodity prices, however, another super-cycle is not visible on the horizon
Thirteen months ago—December 2015—the US Fed hiked its policy interest rate by 25 bps. With much optimism it indicated four rate hikes in 2016. Of which, only one happened, that too at the fag end of the year. In December 2016, again the Fed has indicated three rate hikes in 2017. Given the plethora of […]
We still have a substantial unhedged forex exposure. India’s outstanding ECBs of $183 billion imply unhedged borrowings of around $90 billion. Hence, unhedged dollar borrowings do pose a major risk