Economists

FM Nirmala Sitharaman meets leading economists ahead of FY27 Budget

Ahead of the Union Budget 2026-27, Finance Minister Nirmala Sitharaman on Monday met leading economists to elicit their views on the forthcoming Budget. Those present at the meeting include Sajjid Chinoy, Neelkanth Misra, Dharmakirti Joshi, Ridham Desai, Sonal Varma and Indira Rajaraman. "Union Minister for Finance & Corporate Affairs Smt @nsitharaman chairs the first Pre-Budget Consultation with leading economists in connection with the upcoming Union Budget 2026-27, in New Delhi, today," the Ministry of Finance said in a social media post on X. "The meeting was also attended by Secretary, Department of Economic Affairs (DEA) @FinMinIndia; and Chief Economic Adviser, Government of India, besides senior officers from the DEA," it added. Sitharaman is likely to present the Budget on February 1. She will present the Budget in the backdrop of geopolitical uncertainties and the steep US tariff of 50 per cent imposed on shipments from India. The Budget for the next fiscal year will .

Updated On: 10 Nov 2025 | 8:17 PM IST

Best of BS Opinion: Will the real Adam Smith please stand up?

Today's pieces cover wide ground, from Adam Smith to Bihari exceptionalism to the AI behemoth that threatens to swallow advertising whole, and the enduring vision of Ritwik Ghatak

Updated On: 08 Nov 2025 | 6:15 AM IST

Economists torn between rate cut and pause in next MPC | BFSI Summit 2025

While participants in the domestic financial market are expecting a 25 basis-point policy repo rate cut in the December meeting of the Monetary Policy Committee (MPC) of the Reserve Bank of India

Updated On: 30 Oct 2025 | 5:23 PM IST
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BS BFSI Summit: 'Inflation-targeting worked, no major revamp required'

At BS BFSI Insight Summit 2025, a high-level panel of economists said that flexible inflation targeting has largely worked in keeping inflation under control and no major revamp is required

Updated On: 30 Oct 2025 | 12:28 AM IST

Bernanke, Yellen urge US Supreme Court to overturn Trump's tariffs

Economists say US trade deficits are normal and not the "unusual and extraordinary" threat cited by Trump for imposing emergency tariffs

Updated On: 25 Oct 2025 | 9:02 AM IST

Why 'creative destruction' defines this year's Economics Nobel Prize

They won the prize for explaining the Innovation-driven economic growth, which is a theory that states that a nation's long-term growth depends on its ability to innovate

Updated On: 13 Oct 2025 | 8:17 PM IST

Closer India-China ties positive for both: ADB Chief Economist Albert Park

Albert Park tells that the 50 per cent US tariffs offer opportunities to India to diversify its export destinations

Updated On: 03 Oct 2025 | 11:35 PM IST

Bank-AI collab improves pricing, risk models: Philadelphia Fed's Jagtiani

Bank-fintech collaborations are allowing for more proper pricing and risk underwriting, said Julapa Jagtiani, Senior Economic Advisor and Economist at the Federal Reserve Bank of Philadelphia, on Thursday. Jagtiani was addressing a webinar on "Beyond Intuition: AI, Crypto, and Social Algorithms Shaping the Future of Finance", organised by Indian Institute of Management Bangalore (IIMB) Centre for Software and IT Management (CSITM). "When banks team up with vendors of AI solutions, we see more correct pricing of non-prime borrowers. Rather than pricing all as equally risky, AI differentiates who will default and who will not," said Jagtiani. The webinar was attended by more than 170 participants and included pre-eminent finance professionals from the United States, United Kingdom, and India. Apart from Jagtiani, the panel comprised Evelyn de Rothschild, Professor of Finance at Cambridge Judge Business School, Marina Niessner, Assistant Professor of Finance at Indiana University's ..

Updated On: 21 Aug 2025 | 5:08 PM IST

Trump says June jobs data 'rigged', Wall Street and economists disagree

The monthly jobs report is already closely-watched on Wall Street and in Washington but has taken on a new importance after President Donald Trump on Friday fired the official who oversees it. Trump claimed that June's employment figures were "RIGGED" to make him and other Republicans "look bad". Yet he provided no evidence and even the official Trump had appointed in his first term to oversee the report, William Beach, condemned the firing of Erika McEntarfer, the director of the Bureau of Labour Statistics appointed by former President Joe Biden. The firing followed Friday's jobs report that showed hiring was weak in July and had come to nearly a standstill in May and June, right after Trump rolled out sweeping tariffs. Economists and Wall Street investors have long considered the job figures reliable, with share prices and bond yields often reacting sharply when they are released. Yet Friday's revisions were unusually large -- the largest, outside of a recession, in five decades.

Updated On: 05 Aug 2025 | 8:15 AM IST

Eminent economist Meghnad Desai dies at 85 in London, PM condoles death

Desai moved to London in 1965 and began teaching at the prestigious London School of Economics. Over time, he rose to become a full professor and was later honoured as professor emeritus

Updated On: 30 Jul 2025 | 12:50 AM IST

A World in Flux: Sitharaman flags need to reshape institutions for present

At the launch of 'A World in Flux', Finance Minister Nirmala Sitharaman said multilateral institutions are now in limbo and stressed the urgent need to reshape them for today's rapidly evolving world

Updated On: 26 Jul 2025 | 6:47 PM IST

Official India jobless data not accurate, say top economists: Poll

India is the world's fastest-growing major economy at an annual rate of 7.4% in the January-March quarter, but so far growth has failed to create enough well-paying jobs for millions of young people

Updated On: 22 Jul 2025 | 8:52 AM IST

RBI monetary policy: August rate cut hopes get a fillip, says BS poll

Economists pencil in 25 bps reduction in the repo rate by December

Updated On: 15 Jul 2025 | 11:26 PM IST

Obituary: Remembering Dr Radhika Pandey (Dec 18, 1978 - June 28, 2025)

Some of her main research contributions were on household consumption behaviour, analysis of business cycles, the inflation targeting framework and regulation of the financial sector

Updated On: 29 Jun 2025 | 9:40 PM IST

Best of BS Opinion: India must heed the warning signs from without

India's economy and technological prowess are on a steady path, but it faces external challenges in the form of both policies and nations

Updated On: 02 Jun 2025 | 6:15 AM IST

David C Engerman looks at six S. Asian economists who shaped their nations

Of the Apostles still with us, there are few intersections between them and age-related constraints on all

Updated On: 01 Jun 2025 | 10:53 PM IST

Economists see global growth coming under strain; India story intact: WEF

Chief economists from across the world are the most optimistic about a strong economic expansion in South Asia, with India looking set to be the primary engine of growth in 2025 and 2026, a new survey showed on Wednesday. The chief economists, however, warned of the overall global growth coming under strain from trade policy shocks and AI disruption, the World Economic Forum (WEF) said in its latest 'Chief Economists Outlook' report. A majority of surveyed economists saw the current US economic policy as having a lasting global impact, with 87 per cent expecting it to delay strategic business decisions and heighten recession risks. The global growth outlook was divided, with weak prospects in North America, resilience in Asia-Pacific and cautious optimism in Europe. "The outlook for China remains muted, and the chief economists were divided over whether it will reach its target of 5 per cent GDP growth this year. "Optimism remains highest for South Asia, where 33 per cent expect .

Updated On: 28 May 2025 | 3:46 PM IST

Icra projects India's Q4 growth at 6.9%, FY25 GDP expansion at 6.3%

ICRA on Monday projected India's GDP growth at 6.9 per cent in the quarter ended March 31, and at 6.3 per cent for the full 2024-25 fiscal, undershooting the the National Statistics Office (NSO) estimates made in February. In February, the NSO had projected the Indian economy to grow at 6.5 per cent in 2024-25. With economic growth in June, September and December quarter at 6.5 per cent, 5.6 per cent and 6.2 per cent respectively. To achieve the NSO's projected 6.5 per cent growth in FY25, the GDP growth in Q4 or March quarter should be 7.6 per cent. The NSO is scheduled to release the provisional estimates of FY'25 GDP and quarterly estimates for Q4 on May 30. ICRA in its note said it projected the year-on-year (YoY) expansion of the GDP to rise to 6.9 per cent in Q4 FY 2025, from 6.2 per cent in Q3 FY2025, significantly undershooting the NSO implicit estimate of 7.6 per cent for the quarter. Unless there are material revisions in the data for Q1-Q3 FY2025, ICRA projects a sharp

Updated On: 19 May 2025 | 4:51 PM IST

KV Subramanian to exit IMF role early, govt begins search for replacement

Krishnamurthy Subramanian is set to leave his IMF post early amid reported concerns over data issues and book promotion. Meanwhile, the Indian government begins searching for his replacement

Updated On: 04 May 2025 | 6:51 AM IST

Q4 IIP blip likely to drag India's FY25 GDP growth down: Economists

Aditi Nayar, chief economist, ICRA Ratings, said growth in Q4 FY25 is anticipated to fall short of the level implicit in the NSO's second advance estimate for FY25

Updated On: 29 Apr 2025 | 11:58 PM IST