BUSINESS
Budget Snapshot | How does India’s government debt compare to its peers?
While India’s government debt is high, it does not pose a problem as the bulk of it is in the form of long-dated, fixed-rate instruments denominated in domestic currency and predominantly held by residents
BUSINESS
Budget Snapshot | India's government punches above its weight in garnering revenue
Budget 2024: Given its low per capita income, India’s government revenues as a percentage of GDP is quite good compared to its richer peers
BUSINESS
Budget Snapshot | How does India compare with East and Southeast Asian nations on government spending?
Budget 2024: Government spending, as a percentage of GDP, is relatively low in most economies in the region, with the exception of China
BUSINESS
Manufacturing PMI shows moderating growth, lower input costs
India’s Manufacturing PMI for December is the highest in the world---strong domestic demand combined with low input costs as a result of low global growth have resulted in high animal spirits
BUSINESS
Budget 2024 | IMF recommends a Fiscal Strategy statement for Union Budget, but government pushes back
Budget 2024: The IMF believes that more rapid fiscal consolidation is necessary to meet fiscal targets and create a buffer for shocks, while dovetailing the budget to a medium-term fiscal framework would make the budgetary process more transparent and focused
BUSINESS
Budget Snapshot | How does India’s fiscal deficit compare with its peers?
Budget 2024: The level of fiscal stimulus is still far above what it used to be before the pandemic
BUSINESS
RBI researchers warn against hasty rate cuts
The State of the Economy report underlines the fact that the objective of aligning inflation with the target on a durable basis is far from assured
BUSINESS
Tepid performance of unlisted companies may be the reason for sluggish corporate capex
A report titled “The Role of The Unlisted Corporate Sector in India’s Economy”, by Motilal Oswal economist Nikhil Gupta points out that while the listed part of the corporate sector has been going great guns, making huge profits and reducing its debt, the unlisted corporate sector hasn’t been doing so well
BUSINESS
IMF report points to uneven growth, low productivity in Indian economy
The report says that if 5 percent of the agriculture workforce were to shift into either services or manufacturing, it could contribute up to 1.2 percentage points to value added growth
BUSINESS
Don't take central bank pivots for granted, say flash PMIs
The US Flash Composite PMI for December is at a 5-month high, putting it at odds with Powell’s recent ultra-dovish message
BUSINESS
Moneycontrol Pro Panorama | The more the Fed gives, the more the market wants
In today's edition of Moneycontrol Pro Panorama: COP28 holds little importance for NTPC investors, regional political parties and dynasties, generative AI a cybersecurity challenge for businesses, NPS needs more strengthening, and more
BUSINESS
The Fed will have to consider a massive easing of financial conditions
The Chicago Fed’s measure of financial conditions in the US is at its lowest level in a year, indicating substantial easing. Easing financial conditions work against the Fed’s attempt to tighten monetary policy
BUSINESS
Smoke and mirrors in October industrial production numbers
While the year-on-year IIP growth figures for October 2023 are very strong for all sectors, the same can’t be said for month-on-month growth
BUSINESS
Why have jobs as unpaid helpers increased when GDP growth is 7.6 percent?
While the unemployment rate has come down, the rise in the proportion of unpaid helpers and of workers in agriculture point to disguised unemployment
BUSINESS
RBI surveys show disconnect between strong GDP growth and consumer confidence
With GDP growth at 7.8 percent in the June 2023 quarter and 7.6 percent in the September quarter, why aren’t perceptions about income growth and employment growth in the RBI survey better?
BUSINESS
BIS paper says significant tightening could lie ahead even if central banks stop raising policy rates
How realistic are expectations of a soft landing for advanced economies? How did the Fed Funds rate move during previous tightening episodes? Is this time different? The outlook for asset prices depends on answers to these questions
BUSINESS
What to look for in the Q2 GDP numbers
RBI Bulletin’s State of the Economy Report for October 2023 said their economic activity index (EAI) put GDP growth for Q2 2023-24 at 6.8 per cent
BUSINESS
Emkay’s Seshadri Sen says 6%+ economic growth needs recovery in mass incomes
Adverse geopolitical outcomes, according to the market observer, pose a major risk though the worst have been digested by markets
BUSINESS
How do the poll-bound states fare on the Misery Index?
According to the Misery Index, Rajasthan is the most miserable, while Chhattisgarh is the least. But a more nuanced look is needed, taking into account how many of those counted as employed are actually in disguised unemployment
BUSINESS
The contradictions at the heart of OpenAI
The belief that a technology as powerful as AI can be overseen by a non-profit entity is a Utopian one
BUSINESS
Is this the end of Higher-for-longer?
The fall in inflation in the US confirms the view of investors that both inflation and interest rates are headed lower next year, leading to a rally in the bond and equity markets
BUSINESS
Moneycontrol Pro Weekender: Ode to consumption
Can consumption continue to support growth? We'll soon know how strong festive demand has been
BUSINESS
Dependency on free foodgrains signals the demographic dividend can become a nightmare
A Niti Aayog document says, ‘’Despite the large public expenditure, gains in the food security and nutritional outcomes in India have been slow. India accounts for roughly 30 percent of the global burden of hunger.’’
BUSINESS
Job growth in India much lower than increase in working age population
The figure for employment in agriculture and allied sectors in 2020-21 in India was the highest since 2008-09 and is a sign of disguised unemployment
