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,...
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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,...
270 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...
245 Views
India: Bond Markets Calm Down, but Risks Increasing
Bond markets in India have calmed down a bit in the last few weeks. Long bond yields have stabilised and the short-term spreads have narrowed...
365 Views
Rural Distress and the Need for Disinflation
One of the consequences of the sharp fall in inflation in India between 2013-2017 was the rise in rural distress due to sharp fall in Agriculture...
345 Views