India: MPC Makes the Right Decision on Interest Rates
Against the expectation of most economists and policymakers, the Monetary Policy Committee chose to keep rates unchanged on Friday while it changed...
309 Views
India: IL&FS Default and The Nature of the Shadow Banking System
The shadow banking sector in India is principally the Non-Banking Financial Companies (NBFCs) which are subject to lower regulatory supervision but...
468 Views
India: Benign Inflation, Not so Positive Growth Data and Pause in Monetary Tightening
While headline CPI inflation fell sharply in August, that was largely due to food inflation which continues to surprise on the downside. That said,...
430 Views
India: No Need for Overseas Bond Issue to Stem Fall in the Rupee
At current rate, 2018 will be the third worst year for the Indian rupee in the last 25 years. The rupee has already fallen more than 13% Ytd. Yet,...
281 Views
India: GST Collections Still Below Trend, Incipient Signs of Fiscal Stress
Over a year into the GST, tax revenues are still running below trend. This is partly due to the tax cuts from the government but also reflects low...
260 Views