Chief Economist & Political Strategist, CrossASEAN Research

Prasenjit K. Basu

PK Basu has 34 years experience covering Asia's economies and markets (equities, fixed income and currencies), including 20 years covering the global economy. He was Chief Economist (SE Asia & India) at Credit Suisse First Boston for 5 years, and Chief Asia (x-Jpn) Economist at Daiwa Securities for a similar period. Among other roles, he was global head of research at Maybank Kim Eng, Malaysia equity research head and chief ASEAN economist at Macquarie, Chief Economist at ICICI Securities, ASEAN economist at UBS and the first chief economist at Khazanah Nasional (where he was co-head of research, and led all agri-business initiatives). PK Basu started his career in the Asia Service of WEFA (Wharton Econometrics) in Philadelphia in 1990, rising to be Director of their Asia Service in June 1994. 
PK's book, "Asia Reborn: A continent rises from the ravages of Colonialism and War to a New Dynamism" won the Tata Literature First Book Award (non-fiction) for 2018. It is the first single chronicle of the modern economic and political history of the whole of Asia (from Iraq and Turkey to Korea and Japan, and everything in between), told from an Asian perspective.

Chief Economist & Political Strategist

RRG Global Macro - Inflation Continues to Rise - Trade War Won't Help - Opportunities in EM

Fiscally-Prudent Budget Benefits Farmers, Informal Workers; Lower Policy Rate to Spur Faster Growth

India: Modi's Charisma Set to Overcome the Headwinds of Incumbency and Electoral Pacts

RBI Raises Rates, but Will Likely Look Foolish when Inflation Moderates

The Investment-Led Rebound Accelerates to 7.7% Real GDP Growth

The Investment-Led Recovery Has a Broader Base, and Corporate Earnings Are Gaining Too

REAL-Economics.com

Macroeconomics

<p><strong>India's money supply (M3) decelerated to just 9.8% YoY growth in June -- too slow for an economy that is seeing 7.7% real GDP growth and has an inflation target of 4% YoY. The rate hike a month ago will be a drag on growth, at a time of cost-push inflation caused mainly by accelerating energy prices. Both CPI and WPI inflation were nudged higher in May-June by large increases in fuel prices. The 1970s provide a reminder that supply side inflation shouldn't be countered by higher interest rates</strong>…</p>

India's money supply (M3) decelerated to just 9.8% YoY growth in June -- too slow for an economy that is seeing 7.7% real GDP growth and has an inflation target of 4% YoY. The rate hike a month ago will be a drag on growth, at a time of cost-push inflation caused mainly by accelerating energy prices. Both CPI and WPI inflation were nudged higher in May-June by large increases in fuel prices. The 1970s provide a reminder that supply side inflation shouldn't be countered by higher interest rates…

Hint of Stagflation Highlights RBI Policy Error, but Exports Are an Island of Strength