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, 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

Demonetization's Fading Impact: Exports, Imports and Motor-Vehicle Sales Rebound

On the Road in India: Infrastructure Building, Industrial Acumen and the Buzz of Rapid Expansion

India: Trim Positions in an Overvalued Market Compounded by RBI Policy Error

REAL-Economics.com

Macroeconomics

<p><strong>Real GDP grows 7.4% in 2016, 7% YoY in 4Q 2016</strong>. India's real GDP growth slowed only marginally to 7% YoY in October-December 2016 (from 7.4% YoY in the previous quarter and 7.2% YoY in Apr-Jun 2016), defying the gloom merchants who predicted a collapse in economic activity and private consumption after the two largest-denomination bank notes (Rs500 and Rs1000) were demonetized (or banned from circulation) on 8 November 2016. People's lives were disrupted, and long queues formed outside ATM…</p>

Real GDP grows 7.4% in 2016, 7% YoY in 4Q 2016. India's real GDP growth slowed only marginally to 7% YoY in October-December 2016 (from 7.4% YoY in the previous quarter and 7.2% YoY in Apr-Jun 2016), defying the gloom merchants who predicted a collapse in economic activity and private consumption after the two largest-denomination bank notes (Rs500 and Rs1000) were demonetized (or banned from circulation) on 8 November 2016. People's lives were disrupted, and long queues formed outside ATM…

Negligible Impact of Note Ban on GDP