Budget arithmetic should factor in the quasi-fiscal costs of exchange rate management
Close industry-export links suggest expansion is critically dependent on the external environment
Failure to build political consensus on structural reforms will hurt investment revival
Revised GDP data debunks the hypothesis that policy paralysis resulted in slowdown beginning 2011-12
Some of the key recommendations of Patel committee report are in contrast to RBI governor?s comments last month
Investment revival requires monetary policy support in a demand-compression environment
The central bank has however staked too much on the December inflation numbers
Monetary policy must combat rather than exacerbate the effects of fiscal consolidation
Prima facie, it appears that market misread the Governor?s views on CPI inflation
China may reduce the influence of the state on stock markets as part of its sweeping reform agenda
Inadequacy of data, questionable predictability are among the many issues with CPI that should make RBI wary
It would be risky for the RBI to base its monetary response upon the new inflation index, whose linkages with…
RBI using CPI instead of WPI will lock the economy into a very high policy rate in the short- to…
