Pranjul Bhandari

Rupee depreciation finds a new ally

With the Reserve Bank of India's first policy meeting since the ongoing energy shock underway, the obvious question is whether rate hikes are coming

Fiscal restraint and policy stability are key for a pivot from consumption to investment led growth

HSBC economist argues GDP overstated, inflation structural, and currency depreciation acts as a needed shock absorber

The market's memory can be short. The same time last year we were fretting about weak deposit growth. Today, we are fretting about weak credit growth

If India wants more growth and jobs, business-as-usual won't do the trick

Using the widest variety of data available should give a more thorough picture of growth trends

The reforms that may follow could help determine India's medium-term growth and economic aspirations

Core inflation is falling, and the rupee is stable. But the more pertinent question here is whether there is a need for monetary easing. Let's discuss the key determinants

Rising services surplus is likely to offset the goods trade deficit in the short and medium term

Lowering the fiscal deficit to sustainable levels will be the biggest challenge for the government, but there are enough reasons for it to keep pedalling hard

Strong export volumes have been a major driver of India's growth over the last few years; high technology exports have clearly outperformed medium and low technology exports

Goods producers have passed on more input cost increases than services producers

The recent uptick in economic activity is heartening, but urgent reforms are needed for growth to be sustained

As challenges mount, the central bank will need to strike a fine balance between managing the rupee, domestic liquidity and fiscal financing

Attention is turning to India's post-pandemic potential growth, which could fall to a two-decade low

India's unique characteristics may add a layer of uncertainty to its Covid outcome; policymakers should be prepared

Three years of slowing growth hold two important lessons for the Budget

An intricate web of links between rural incomes, construction activity and shadow banks are fuelling the economic slowdown

The big question doing the rounds is: Will headline move towards core or will core move towards headline?