-The Hindu Why did the Union Finance Minister urge industry giants to invest in manufacturing? Is private sector financing at an all-time low? Has government intervention to boost and spend aggressively on infrastructure come at an opportune time? The story so far: Last month, Finance Minister Nirmala Sitharaman asked captains of industry what was holding them back from investing in manufacturing. She likened industry to Lord Hanuman from the Ramayana by stating...
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Trade pacts: India’s FTA thrust lacks clarity -Abhijit Das
-The Hindu FTAs are about pursuing economic goals. They should have little to do with achieving social or geo-strategic objectives After hurtling for many months towards finalising the India-UK FTA by Diwali, a substantial trade deal appears unlikely by this deadline. Instead of bemoaning this as a missed chance, it should be taken as an opportunity for introspecting India’s approach to FTAs, particularly with the developed countries such as the UK, European...
More »The three economic realities facing China -Uma Gupta
-Hindustan Times The 20th National Congress of the Communist Party of China (CPC) began in Beijing on October 16. While the run-up to the 20th congress has been dominated by talks of Xi Jinping getting elected as the highest leader for an unprecedented third consecutive time, the gathering will also have to confront serious and somewhat new questions as far as the Chinese economy is concerned. The 20th National Congress of the...
More »A reality check -Renu Kohli
-The Telegraph India’s economic recovery is uneven India’s ranking as one of the world’s fastest growing economies — a bright spot in a troubled and slowing world economy — routinely figures in the public discourse. It was upheld even as oil prices zoomed and inflation surged early this year. It did not waver when growth forecasts were lowered some six months ago. It wasn’t rattled when growth underperformed in the April-June quarter....
More »Govt should pause rate hikes as growth fears loom: RBI MPC member Jayanth Varma -Swati Bhat
-Reuters/ Livemint.com In spite of unacceptably high inflation, the Indian central bank should hold off on raising interest rates, according to Jayant Varma, a member of the monetary policy committee India's central bank should pause interest rate hikes, despite unacceptably high inflation, to avoid stalling a recovery in ECONOMIC GROWTH, monetary policy committee member Jayant Varma told Reuters on Monday. The Reserve Bank of India's monetary policy committee has raised its key repo...
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