19 results found

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...

Seeking redemption in UP 2017

Many expect the Uttar Pradesh election to go the Bihar way — a big loss for BJP. However, the same math suggests the BJP is likely to win a comfortable majority in the state

PLUs deafened by the Big Bang

Make no mistake — demonetisation is an important first step in what will be remembered as India’s biggest reform.

Black cash in India

Rumours of even a 1 percentage point decline in GDP growth for 2016/17 are vastly exaggerated, have no basis in logic or fact.

Demonetisation’s short-term cost

Ideologies are determining politicians’ assessment of the costs of the policy. Amid the commotion, food prices have been stable

Son preference, fertility decline and the future of the sex ratio at birth

This paper analyses the effect of fertility decline on the sex ratio at birth in various regions of the world including the states and provinces of India and China. Two important findings emerge. First, we find that there is no...