Janak Raj

A durable liquidity surplus calls for a lasting solution, with a higher CRR helping the RBI align the call rate with the repo rate while preserving interbank market activity.

The benefits of keeping it free far outweigh the costs

The dollar-rupee forex swap was necessary and successful. Now, it is time to weigh the pros and cons of making capital inflows more attractive

A net-zero target without sector transition plans and transition finance is a destination with no map

Despite its rapid expansion, the sector struggles to balance the interests of platforms, sellers, gig workers, and the state

A stable rupee also lowers the currency-risk premium FPIs demand, reducing both required returns and inflation risk

India's current account deficit (CAD) is modest, but portfolio flows and oil price volatility mean the rupee is driven more by sentiment and positioning than by exports and imports

India's oil imports (in volume terms) have, in fact, been decelerating. Against an annual average growth rate of 10.8% during 2005-06 to 2009-10, crude oil imports grew 1.9% during 2020-21 to 2024-25

Budget must prioritise divestment to create fiscal space to tackle unexpected shocks and support critical sectors including health and education

Recent studies have estimated climate finance requirements of EMDEs at $1-4 trillion per year up to 2030, which is seen as daunting, leading to even less action than might have been possible

Multiple factors have contributed to weak private consumption in the country, such as the slowdown in wages - both in the informal and formal sectors

Visa fee hike poses a major challenge for the industry, but it is also an opportunity for cash-rich firms to rethink their model

With enough firepower to counter FIIs, DIIs have made India's equity market more resilient, but what's driving the shift?

The global tariff war poses risks but also offers India a chance to position itself as a go-to destination for firms relocating from China

The gross fiscal deficit (GFD) target for 2025-26 has been budgeted at 4.4 per cent, a tad better than the 4.5 per cent target set out in 2021

Anticipating the current liquidity deficit, the RBI in its December policy proactively reduced the cash reserve ratio (CRR) of all banks in two equal tranches of 25 basis points

Stagnating wages, derivative losses, and rising debt burdens-India's consumption story grapples with multiple challenges

FIIs started withdrawing from the Indian equity market from September 25 - a day after the People's Bank of China introduced the monetary stimulus

While it has successfully weathered economic challenges before, this time is different

It is important to ensure that headline inflation is aligned with the target, which will further enhance the credibility of the FIT framework