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Kaushik Das

Articles By Kaushik Das

6 Articles

FY22 fiscal deficit target likely to be met

The fiscal deficit estimate stays unchanged, at 6.8% of GDP for FY22

It must be said that the revenue targets that were set for FY22 were realistic and conservative to start with.

Expect a neutral guidance from Monetary Policy Committee

We expect the accommodative monetary policy stance to remain unchanged not only in the upcoming April policy, but at least till the June policy

We expect the monetary policy statement to reiterate that RBI will buy at least Rs 3 trillion of government bonds in FY22 to provide support to the bond market and to ensure that financial market conditions remain accommodative, in line with the broader accommodative monetary policy stance, but we don’t see RBI providing an OMO calendar in advance.

Union Budget 2021: A growth-focused, credible Budget

Union Budget 2021 India: Transparent and realistic projections will reduce uncertainty-premium

Budget 2021-22, Union Budget 2021

Macro taking a positive turn? Improvement in high-frequency growth indicators has been stronger than expected

Consensus may have turned pessimistic after the release of Q1 GDP data and, relative to that, there is scope for upside surprises

However, in Q2, growth will dip by 9% from last year, as services sector metrics despite improving from Q1 remained relatively weak.

A monetary policy to remember: 5 key elements of the policy announcement

Holding the repo rate at the current 4% level, rather than cutting it, while continuing with unconventional measures such as proactive bond purchases, should be the strategy under the present circumstances

rbi, reserve bank, state finances, gdp growth,

What will RBI do on April 5?

While RBI may go for a 25bps rate cut, the possibility of further cuts is not ruled out

What will RBI do on April 5?
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