A silver lining is the recent forecast for 2019 south-west monsoon. The MET has forecast a near-normal monsoon, and the Skymet has forecast south-west monsoon for 2019 at 93% of LPA. In case these forecasts fail to hold and t
India will need much more energy as its people prosper. Therefore, given the dependence on coal-fired power and its indispensability to some sectors, steps should be taken to reduce emissions from existing fuels and make powe
Despite the emphasis on renewables, coal remains critical for electricity generation. CEA officials have mentioned that new coal-based generation capacity is essential for increased base-load demand and grid stabilisation. Th
Barring food and fuel, some categories of the core CPI basket may not be responsive to RBI policy. Certain categories within core inflation seem to have dominance of supply-side factors. Demand in such categories is relativel
People decide based on their perceptions of gains and losses, rather than actual final outcomes. During next year’s elections, it’s likely that a major chunk of the population will decide whom to vote on the basis of how
A few months ago, many on the street were in favour of a weak rupee. Even former Chief Economic Adviser Arvind Subramanian had said that the rupee should be allowed to depreciate as a part of the adjusting mechanism.
India imported 1.7 billion barrels of crude in the last fiscal, worth $88 billion, when the average price of Indian basket of crude was about $52 a barrel.
Oil contributes around 35% to the UAE government revenues. Had it not been for the revenues from oil, fiscal deficit would have ballooned to 10.2% of GDP in 2017 from 0.2%.
While the push towards cleaner renewable sources is appreciable, it should not be at the cost of making energy expensive and unreliable. The overall footprint of fossil fuels—such as coal and oil—at the moment is quite lo
The best way forward would be to align “Skill India” and “Make-in-India” with a focus on our comparative advantage. A single-minded pursuit of increasing India’s manufacturing base might not yield the best results.
While the central government is promoting alternative and multi-modal means of transport, these will take some time to get implemented. In the interim, state governments and municipalities must undertake quick-fix measures to
Budget 2018: The finance minister, in his Union Budget 2018 speech, mentioned “education” the most number of times (to be precise, 29 times), amongst other buzzwords like agriculture (26 times) and health (21 times). Howe
Last year, India joined the Paris Agreement to tackle climate change. India accounts for 4.1% of global emissions, and the country opted for increased use of clean and green energy to reduce its emissions relative to GDP, rat
India’s growth has been lopsided driven by government and private spending. Private sector investment hasn’t recovered sustainably for two years. Jump-starting the economy through financing growth is also not possible whe
A sharp fall in both retail and wholesale inflation has raised the stakes for a rate cut by the Reserve Bank of India (RBI) in its next monetary policy review.
Just when the rural sector was showing signs of revival, partial withdrawal of old currency notes in November last year created a dent in rural demand.
