Sujan Hajra

A 25-bps hike today may reduce some near-term policy flexibility, but it also lowers the risk of having to undertake a much sharper adjustment later, said Sujan Hajra, chief economist at Anand Rathi

It is the behaviour of a central bank preparing for a period of external stress, said Sujan Hajra, chief economist and executive director, Anand Rathi Group

The organising idea is clear: India is no longer trying to grow fast; it is trying to grow well

Union Budget 2024 news: The budget prioritises sectors like agriculture, education, and employment generation, broadening the base for economic advancement

Yet, such discrepancies in India's economic data are not unprecedented. That's also the case with large downward revisions of past data that boost recent growth rates

Given the robust tax buoyancy seen in recent years and the govt's modest expenditure plans, it is conceivable that the actual fiscal outcomes next year may surpass the budget's projections