The RBI’s relentless high interest rates are killing the new entrepreneurial class and has forced India’s growth rate to fall below the average of the past 30 years.
The Modi government’s attempts to reshape the economy lie entirely in the financial realm; they come on the back of concerted efforts to strip workers of legal protection in not just the informal sector, but also the formal.
The RBI stated that the “inflation outlook is clouded by several uncertainties on the upside” and “fiscal slippage as indicated in the Budget could impinge on the inflation outlook”.
New analysis shows that India’s place on the World Bank’s ‘Doing Business’ index would have been much more modest when methodological changes are ironed out.
The panel had suggested a fiscal deviation band of 0.5% to deal with unforeseen events and enacting a new Debt and Fiscal Responsibility Act.
Vinod Dua discusses the upcoming Union budget 2018 and communal violence in Uttar Pradesh’s Kasganj.
Subramanian said the markets are surging because of money being diverted from real estate to gold and that vigilance should be increased to ensure that a sharp correction does not happen.
A startlingly pessimistic vision of India’s looming environmental and economic collapse – aired by a senior business leader – deserves our urgent attention.
After cancelling investment treaties with 50 foreign governments in 2017, India is struggling to convince some to accept new terms which make seeking international arbitration for disputes harder.
The inability of the economy to generate employment opportunities for millions of Indians is developing into a serious social, economic and political issue.
The latest GDP figures prove that the economy has taken a battering because of the hasty implementation of GST.
In conversation with the economist on his work with randomised control trials, demonetisation and the GST, the ‘Gujarat model’ and more.
The Left alone can provide a way out of the socio-economic and political dead end India is in now since it can provide an agenda transcending neoliberal capitalism.
An RBI survey found that 40.7% of people in metropolitan areas think the economic situation has worsened, up from 25.3% in the same period last year.
Many BJP leaders are attacking the finance minister every day, but there is a convenient silence around the prime minister’s role in the economic decisions that brought us here.
With the government planning a fiscal push, it is likely that the central bank will be concerned with price stability and not rate cuts in its October policy meeting.