Page 2 - Economists

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

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 .

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

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

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

Urgent need for collaboration to tackle urban begging: World Bank economist

World Bank Lead Economist Benedicte Leroy De La Briere on Friday said there is an urgent need for multi-sectoral collaboration and robust systems to address the intricate challenges surrounding urban begging and street homelessness. Addressing the 'Hard to Reach Population SMILE (Beggary)' seminar, she said there is a need for tailor-made solution to the issue. Because they are so complicated and they need to be so tailored to each individual, governments end up often implementing those programmes through non-governmental organisations, she noted. The cost of providing comprehensive care, including health support, identification services, skill development, and rehabilitation, is high, De La Briere added. They end up per beneficiary being quite expensive, she added at the seminar held by the Ministry of Social Justice and Empowerment in partnership with the World Bank. De La Briere said despite their visibility, people who beg remain hard to reach due to multiple systemic barrier

India's economic reset underway but clock is ticking: Experts at BS Manthan

India's economy is growing, but seizing its full potential means spurring corporate investment, tackling judicial delays and ensuring inclusive growth, said panelists on the first day of BS Manthan

Sabyasachi Kar appointed director of the Institute of Economic Growth

He currently serves as the Reserve Bank of India (RBI) Chair Professor at IEG and is a member of the Ministry of Statistics and Programme Implementation's (Mospi) Committee on Regional Accounts

Montek Ahluwalia bats for smaller states to drive economic growth

Ahluwalia added that creating newer cities in existing states is riddled with challenges that are both political and economic

Manmohan Singh, a gentle giant with vision and commitment to change

Singh also had his pre-proposed ideas; what was in the textbook or his experience. But he opened the door; because he had an openness of thought, driven by his commitment to change

Rate cut alone may not boost growth, economists tell RBI top brass

Say durable liquidity infusion needed to reinvigorate economy; bank CEOs to meet RBI officials today

Budget FY26: Economists urge govt to focus on consumption, tax reforms

India's economic growth slowed more sharply than anticipated in the July-September period of FY25, dropping to a seven-quarter low of 5.4 per cent

Less inequality can push growth, poverty alleviation in India: Piketty

Piketty advocated a wealth tax on Indian billionaires to finance social infrastructure

Economists expect 25-basis point rate cut by RBI MPC in February meeting

Nomura economists have suggested that they expect a 25 bps rate cut in February, marking a belated policy pivot, and 100 bps in total cuts in this easing cycle

Union Budget 2025-26: Economists stress need for manufacturing policy

Call for reining in food inflation and raising investment in pre-Budget talks

SBI economists see Q2 GDP growth slowing down to 6.5% this fiscal

Economists at the country's largest lender SBI on Wednesday said they see Q2 real GDP growth slowing down further to 6.5 per cent in the September quarter of this fiscal year. Amid concerns over the country's economic growth rate and if it is slowing down, the analysts said they expect FY25 growth to come "closer to" 7 per cent. It can be noted that the April-June period saw the real GDP expanding by 6.7 per cent, the lowest in 15 quarters. This led to a slew of analysts revising their expectations on growth to below 7 per cent for the fiscal and some also wonder if India is in a cyclical growth slowdown. "There is some incipient pressure evident on the domestic economy. Basis our analysis of 50 meaningful leading indicators (both consumption as also demand centric), a dip looks plausible across select cohorts of agri, industry and services in Q2," the SBI economists said. It said aggregate demand continued to grow albeit with a slower momentum than in the preceding quarters and ..

Privatising banks is essential: Arizona State University Economist Mehra

Mehra said that the bureaucracy is not going to voluntarily do anything that diminishes its influence

RBI's upbeat growth estimates create confusion, concern among economists

The central bank has stuck to its forecast that India's economy will expand 7.2 per cent in the year ending March 2025

RBI policy of not allowing crypto is a good approach: Amiyatosh Purnanandam

He said that the government needs to incentivize good long term risk taking by banks to push private investments

Daron Acemoglu, Simon Johnson, James Robinson win Economics Nobel for 2024

Nobel Prize 2024 in Economic Sciences: Acemoglu, Johnson, and Robinson's research delves into the formations of different political and economic institutions and how they affect a nation's prosperity