24 results found

Looking for honesty in the wrong places

We all have a choice — we can either debate evidence, or manufacture conclusions

It’s interest rates, stupid

Inflation is down by 700 bp since 2013, and policy rates have declined by 200bp — and you are still wondering why GDP growth is slow?

Madness in monetary policy

In India we have a monetary authority that admits to not understanding inflation — but persists in damaging an already weak economy because it does not understand it

Leave your ego at home

Average CPI inflation for eight months since September 2016 has been 3.7 per cent. How long are you going to wait and watch, MPC, before you admit that you were wrong in your assessment?

Battle of the elites

The old elite won’t give up their privileges easily. They will try to derail the structural transformation happening in India and object at every turn.

Just why are farmers rioting?

It is politics that best explains the phenomena of farmer riots amidst growing prosperity.

MPC — you are not in D-School any more

One logical way for the MPC to change course and lower rates is by being Keynesian at the June 7 meeting — the facts have changed, so we have changed our mind

The good, the ugly

Narendra Modi’s tenure thus far has brought about significant structural change in the economy. But the nation needs to be careful about false morality and cow vigilantism

RBI, enough of elevator economics

The inflation forecast is the most important aspect of the most crucial economic decision that the RBI makes — it needs to be more in tune with reality.The Indian economy has likely gone through a mega structural-break experience via demonetisation....

Case for an inter-meeting rate hike

A ‘rate hike in time is just fine’ is a wise RBI saying. With CPI inflation at near-historic lows, this must mean, according to the RBI law of mean reversion, that the future will bring high inflation. Hence, the urgent...