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Toshi Jain

Articles By Toshi Jain

5 Articles

Inflation spiral: Higher wages will spur food prices; CPI will rise to around 5%

As the output gap closes, wages will start rising in rural areas as well. This will put pressure on food inflation from both the demand and supply side

Inflation expectations, CPI, CPI inflation data,  Urjit Patel Committee, RBI, fiscal policy, food inflation

Budget 2019: Five questions to help navigate PM Modi’s interim budget

Perceived distress in both agriculture and SME sectors has increased pressure on authorities to announce some sort of ‘agrarian package’ or a quasi-universal basic income potentially involving cash transfers, and palliati

State fiscal deficits: Narendra Modi’s consolidation at Centre set to be undone as deficits widen to 12-year high

Even small changes to targets and paths often elicit disproportionate market reactions. But this obsession with the Centre’s finances belies the fact that India’s fiscal centre of gravity has rapidly shifted from the Cent

Column: Making sense of FY16 fiscal policy

Despite higher transfers from Centre, state budgets reveal neither much fiscal consolidation nor a greater capex thrust.

Column: Making sense of FY16 fiscal policy
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