The imperatives for 2024 are more nuanced: Nurturing recovery while ensuring public debt is stabilised and financial exuberance contained
If the exogenous pressures were the same across 2013 and 2022, why were outcomes so different across the two episodes?
What's different this time is that global financial stress - which has its genesis in four policy choices made in recent years - is juxtaposed with a more resilient real economy
Having raised policy rates to about 6 per cent, does India's Monetary Policy Committee need to do more? And, if so, is more front-loading warranted?
Against an increasingly stagflationary global backdrop, domestic policy will have to judiciously assign different policy instruments to help achieve competing macro objectives
If the terms of trade shock persist, the rupee will have to be a key part of the needed macro adjustment
This first of a two-part essay assesses the emerging economic fallout of the second wave
The Budget can generate an expansionary fiscal impulse even as it consolidates the headline deficit
The recent economic acceleration is encouraging, but below the hood, palpable risks still loom
Flattening the outbreak curve will necessarily entail steepening the economic cost curve; policy will have to cushion the economic blow
Evidence of heightened risk aversion suggests a supply-shock has choked credit offtake
The second part of the series in which top economists and thinkers offer their views on how to revive the economy
The Economic Survey correctly argues for investment-led growth. The Budget understandably wants to tap a cheap pool of global savings. But can these co-exist?
Markets are clamouring for stimulus and romanticising about big-bang reforms. But the new administration's first job must be to fix the plumbing
A virtuous cycle has to take take off if electronic transactions as a medium of exchange is to soar in India following demonetization
The last two years have witnessed a dramatic, durable disinflation and a remarkable transformation of the monetary policy regime
If volumes don't pick up soon or commodities don't fall further, a choice would have to be made between lower inflation and higher corporate earnings
Lower oil prices have boosted growth by more than one percentage point; but that may soon go away
What markets have to begin to accept is that there is no space for a large easing cycle