Indian Economy Review | December 2020
H I G H L I G H T S • Rerating of economic recovery prospects • Most agencies upgrade India growth estimates• Is India in a recession? Not really!• The other upsides of the Indian economy• A seven-pronged strategy from the RBI• Industrial output bounces back, but will it be sustained?• Retail inflation down, but […]
Indian Economy Review | November 2020
H I G H L I G H T S • In spite of recovery, growth set to elude India in 2020-21 • Govt finances show the stress, but they are getting better• Opening up banking to corporates raises hackles of experts• Extending PLI scheme to 10 sectors: A double-edged sword?• Stimulus III: Fiscal cost contained […]
Indian Economy Review | October 2020
H I G H L I G H T S • Worrying signs in state finances• State Budgets shrinking with expenditure cuts• Stimulus II, but with negligible impact on the fisc• LTC measures may benefit 850,000 govt staffers• 6 % rise in Central capex, but states may be worried• Confusion over GDP contraction estimates• Implications […]
Indian Economy Review | September 2020
H I G H L I G H T S • Vodafone tax controversy back to haunt the Govt• No resolution of the tax case even after 13 years• What it actually means for Govt finances• A lot about investment sentiment and a political promise• The 2014 Budget and its treatment of the Vodafone tax• […]
Indian Economy Review | August 2020
H I G H L I G H T S Covid-19 has made growth challenges more complex, says RBI No definitive growth forecast; post-pandemic recovery to be different No hasty or disruptive withdrawal of regulatory easing A long list of policy prescriptions for boosting the economy Focus on global supply chains and free trade agreements […]
Indian Economy Review | July 2020
H I G H L I G H T S Financial sector gets the Covid-19 jitters RBI’s financial stress report raises NPA alarms Challenges of moratorium, restructuring, capitalisation & funding To extend moratorium or not to extend it beyond August One-time loan restructuring and its implications for IBC Demand for more bank capital; Govt finances […]
Indian Economy Review | June 2020
H I G H L I G H T S Moody’s paints a gloomy picture S&P softens the Moody’s blow Growth may recover, but indebtedness will rise Different strokes from Moody’s and S&P China story remains unscathed Booster dose for Indian agriculture Freeing up inter-state farm trading Leg-up for contract farming, with pre-fixed farm prices […]
Indian Economy Review | May 2020
Surprises galore in the Modi package The Narendra Modi government sprang a series of surprises on almost every commentator and critic, who had been wondering how it would meet its commitment of rolling out as large an economic package as Rs 20 lakh crore to counter the adverse impact of Covid-19 on the economy. On […]
Indian Economy Review | April 2020
Making growth forecasts post-Covid becomes more difficult How serious will be the impact of the Covid-19 outbreak on India’s economic growth? The range of estimates on India’s growth of gross domestic product (GDP) in 2020-21 is quite wide and, therefore, puzzling. It is difficult to state with certainty at this point in time which forecast […]
Indian Economy Review | March 2020
Corona response; impact on the economy What appeared very distant just two months ago became a danger signal next door within a few weeks and has now engulfed the whole nation as a full-blown crisis with an unprecedented impact on the country’s health and economy. On January 30, the first Coronavirus case was confirmed in […]