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Madan Sabnavis is chief economist at Bank of Baroda. He completed his M.A. in Economics from Delhi School of Economics and B.A. in Economics (Hons) from St Stephen's College. He has been a corporate economist since 1987, and has worked in the fields of development banking, commercial banking, engineering, commodity markets, and credit ratings. He has written over 2,500 pieces for various financial publications since 1988. He has also been chairman and co-chairman of committees at BCCI and IMC.
Madan Sabnavis is chief economist at Bank of Baroda. He completed his M.A. in Economics from Delhi School of Economics and B.A. in Economics (Hons) from St Stephen's College. He has been a corporate economist since 1987, and has worked in the fields of development banking, commercial banking, engineering, commodity markets, and credit ratings. He has written over 2,500 pieces for various financial publications since 1988. He has also been chairman and co-chairman of committees at BCCI and IMC.
Looking forward, it does appear that GDP growth will move towards the 7.5% mark with a downside risk in case the present liquidity crunch affects prospective investment.
Jaitley's Budget 2018 speech was more on the expenditure side, with higher allocations being announced for infrastructure and social services
The effect of demonetisation continues to linger, especially on industry and consumption
The author believes that the government's huge divestment programme is largely responsible for the monopoly-like situation arising in the secondary issues market because it crowds out private players
With post office deposits and Jan Dhan already in place, is there really place for yet another institution for banking inclusion?
Instead of slipping into denial over our poor score, let's look at what we can do better
States need to create alternative marketing structures for farm produce since middlemen also provide vital services that are otherwise unavailable to the farmer
The idea is good in theory but a raft of regulatory and logistic issues need to be solved before the postal department can become a bank
A fixed cap on retail prices of farm products across the country would bring down retail margins
The former has been more pro-farmer, and delivered better GDP growth while the latter was steadier on the fiscal and industrial side
A festschrift with contributions from leading global and Indian economists examines the world economy from an unusual angle
The government urgently needs to consider 5 'Ss' before it launches itself into this commitment
Countries have to carve their own paths to growth because conventional notions no longer hold
Both consumption, investment have taken a backseat this year
The story of India's pioneer rating agency Crisil underplays the issues it faced in its development
Respected economic journalist D K Rangnekar's book provides a useful analysis of Nehruvian socialism at its height