Markets need to recognise the regime change at the RBI and the new reality that we live in
Given the T20 nation that we are, it is no surprise that we are constantly keeping score.
The first generation of reforms focused on product markets; the next round should target factor markets
Reining in prices is not only good economics but also good politics
Markets? hopes are rising relentlessly, but don?t ignore the tyranny of economic reality
The central bank deserves credit for moving towards a more transparent, rule-based approach
Big challenges remain, but let?s be grateful for small mercies
Attributing the pick-up in inflation momentum largely to onion prices is a misreading of the data
RBI could begin easing policy incrementally from today, avoiding any knee-jerk dismantling of its rate defence
Policymakers needs to stay the tightening course to stabilise the R. There?s more at stake than 2 quarters of growth
Yet growth prospects remain weak despite 100 bps of rate cuts and a 20% depreciation of the exchange rate over…
They say fortune favours the brave. For all the criticism that policymakers has copped over the last few years
Yesterday?s RBI?s review was reduced to a side-show for two reasons. Markets have been obsessing about the role of monetary…
Rebalancing growth, the nature of fiscal consolidation, and CAD financing are key to macroeconomic stabilisation.
Aadhaar will drive fiscal savings but cash transfers will increase the fiscal multiplier; the impact on aggregate demand will depend…
