India: Big Shortfall in Tax Collections, but Fiscal Deficit Likely to Be Contained
Tax revenues in India are running sharply lower than budget estimate. At current run rate, tax revenues would miss the budget estimate by almost...
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India: What Now After Urjit Patel's Resignation?
The RBI Governor resigned yesterday, only the second time that a sitting RBI Governor has resigned before his term has ended. The last time this...
444 Views
India: No Reversal in Interest Rate Trajectory Yet
As expected, the Monetary Policy Committee (MPC) kept the repo rate unchanged at its meeting yesterday. This was widely expected post the continued...
461 Views
India: Slower Growth and Low Inflation Imply a 50bp Cut in Policy Rates over the Next Half Year
India's real GDP decelerated to 7.1% YoY growth in July-September 2018 (from 8.2% YoY in the previous quarter), primarily because net exports...
419 Views
India: Why Are Services Exports Not Rising?
India’s (net) services exports has historically been an important offset to widening deficit on the merchandise account. However, last few years...
434 Views