-The Telegraph The Central Statistics Office reported today that economic growth sank to a three-year low at 5.7 per cent, striking at the core of Prime Minister Narendra Modi's promise of achchhe din. The sharp slowdown is a result of the two biggest disruptive measures taken by the Modi government: demonetisation and the goods and services tax. The double whammy has badly crimped factory output and squeezed the services sector. The GDP growth...
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Why risks to inflation in India are on the rise -Roshan Kishore
-Livemint.com There is a growing risk that inflation may spike in the coming months The sharp drop in prices of farm products over the past few months has not just upset farmers across the country, but also seems to have complicated the task of India’s monetary authorities. The minutes of the last meeting of the Monetary Policy Committee (MPC) of the Reserve Bank of India (RBI) show that the committee is divided...
More »Retail inflation cools to 5-year low of 3.2% in January
-The Times of India NEW DELHI: Retail inflation cooled to five-year low in January on the back of sliding vegetable and food prices but the lurking price pressure may prompt the Reserve Bank of India (RBI) to maintain a wait-and-watch policy on interest rate for now. Data released by the Central Statistics Office (CSO) on Monday showed inflation, as measured by the consumer price index (CPI), rose 3.2% in January, slower than...
More »Reading between the lines: Forget the rhetoric, this is no Budget for India's poor -Harsh Mander
-Scroll.in India's social-sector spending remains woefully low and despite claims of being a pro-farmer Budget, the effective allocations are nearly the same as last year. Some commentators expected that the Union Budget 2017-’18 would craft a sharp departure from earlier budgets of this government. This it would do to mitigate the immense suffering of millions of casual workers, farmers and small traders caused by the “shock and awe” of the astoundingly callous...
More »Why has inflation moderated in India? -Sajjid Z Chinoy
-Livemint.com Contrary to popular perception, it’s not because of good luck or necessarily a large growth sacrifice; policymakers deserve more credit than they get One of the most visible macroeconomic successes in India over the last three years has been the sustained moderation of headline consumer price index (CPI) inflation. CPI (industrial workers) averaged 9.5% for six years between 2007 and 2013. For the last 30 months, however, it has averaged...
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