-The Indian Express High inflation reduces room for rate cuts. With limited fiscal space, FM must spell out plans to revive growth. Latest inflation data seems to corroborate fears articulated by the Monetary Policy Committee (MPC) in its December meeting when it refrained from cutting the benchmark repo rate. Retail inflation, as measured by the consumer price index (CPI), has surged to 7.35 per cent in December 2019, up from 5.54 per...
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Onions shouldn't hold up review of inflation target -Karan Bhasin
-Livemint.com With the term of the current monetary policy committee ending in September, it’s time to review the performance of the rate-setting framework Last year, there were calls to review RBI’s inflation targeting framework. With the term of the current monetary policy committee ending in September, it’s time to review the performance of the rate-setting framework. Mint explains the debate around this. * What are the terms of the policy framework? In 2016, the...
More »$5 trillion economy by 2024? Magic realism at play given current low -Maitreesh Ghatak
-NDTV Lately, the January releases from the Central Statistics Office (CSO) about the advanced estimates of national income have a touch of seasonal chill. The estimate of the real GDP Growth Rate for 2019-20 has touched 5%, falling from 6.8% in 2018-19, continuing a downward slide that started in 2016-17. This is the lowest Growth Rate since 2008-09, which was the year of the global financial crisis. Indeed, in the entire...
More »India's growth projected to 'decelerate' to 5% in 2019-2020: World Bank
-PTI The World Bank said India's Growth Rate was likely to recover to 5.8 per cent in the following financial year. Washington: The World Bank has projected a five per cent Growth Rate for India in the 2019-2020 fiscal, but said it was likely to recover to 5.8 per cent in the following financial year. The Growth Rate for Bangladesh has been projected to remain above seven per cent through the forecast horizon...
More »It's official: GDP rate seen slumping to 5% -Aanchal Magazine
-The Indian Express Manufacturing growth is seen slowing to 2.0 per cent in 2019-20 from 6.9 per cent last year, while construction is expected to post a growth of 3.2 per cent in 2019-20 from 8.7 per cent last year. WITH A sharp slowdown in manufacturing and construction, and the only major support coming from government expenditure, the Gross Domestic Product (GDP) Growth Rate is seen slumping to 5.0 per cent, the...
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