Manas Chakravarty

ECONOMY

World Bank forecasts a shallow and prolonged recovery for India

Even in 2021-22, India’s GDP growth will be much lower than that notched up in 2018-19

ECONOMY

Six questions from the government’s growth estimate for 2019-20

Growth in GDP at current prices at 7.5 percent is the lowest since 1975-76

ECONOMY

Five lessons from India’s sustainable development scores

The scores for poverty and hunger have worsened, but where the government has pushed the agenda, much progress has been made

ECONOMY

A wake-up call from a friend of India

The economy is too fragile to be burdened with a disruptive programme such as the NRC

ECONOMY

What’s different about the fiscal deficit this year

Gross tax collections till November this fiscal year have gone up by a mere 0.8 percent, the lowest since 2009-10

ECONOMY

At the end of 2019, no sign of a bounce in the bank credit data

Bank credit outstanding to micro and small industries was lower in November 2019 than in December 2017

ECONOMY

Faced with a credit crunch at home, firms turn overseas for funds

RBI data show that almost two-thirds of the flow of funds to businesses in the first half of the current fiscal year came from abroad

BUSINESS

Book Review | How the elephant can learn to dance with the dragon

ECONOMY

What Xi Jinping really thinks about economics

The key message: While China, as well as other developing nations, must learn and seek help from economic theories that originate in the West, these theories must be adapted to specific national conditions.

ECONOMY

Arvind Subramanian and India’s Four Balance Sheet problem

Arvind Subramanian’s latest Harvard University paper says the Indian economy is trapped in a vicious circle, as stress in the corporate and financial sectors are feeding on each other, driving the economy downwards

ECONOMY

Non-oil, non-gold & silver imports are lower than they were five years ago

The fall in merchandise imports reflects the weakness in domestic demand

ECONOMY

Core inflation fell in November, indicating continuing weakness in demand

The dilemma the central bank faces is the combination of rising food prices and plunging core inflation

ECONOMY

Is the Index of Industrial Production an accurate yardstick?

Did fragrances really contribute 2.5 percentage points to IIP growth in October?

ECONOMY

Human Development Report: Who benefited the most from India’s economic growth?

We are ardent followers of Deng Xiaoping, who is reported to have said, ‘Let some people get rich first’

ECONOMY

RBI survey finds consumer confidence at its lowest in last nine years

The survey results show that the combination of demonetisation and GST broke the consumer’s back

ECONOMY

Macro Matters | The Composite PMI for November should provide comfort to the RBI

The gauge of private sector activity indicates a rebound after two months of contraction

ECONOMY

Rate cuts and the Streetlight Effect

India’s real policy rate isn’t high compared to several emerging markets

ECONOMY

Macro Matters |The government’s share in the economy is now the highest in sixty years

India's government spending as percentage of GDP well above those of most East Asian peers, except China

ECONOMY

Macro Matters | Manufacturing PMI for November offers ray of hope

The upturn is among the weakest in the last one and a half years

ECONOMY

Macro Matters | The government sector contributed 40 percent of GVA growth in September quarter

On the expenditure side, ‘discrepancies’ contributed a negative 44 percent to growth

ECONOMY

Why is India’s labour force participation rate so low?

If India had the same female labour participation rates as most other countries, the unemployment rate would be far higher

ECONOMY

Macro Matters | What to expect from the September quarter GDP data

The only question is: Will the growth number be jaw-droppingly bad?

COMPANIES

Privatisation | When a crisis becomes an opportunity

The government’s decision to sell BPCL, SCI and Concor indicates it is no longer diffident about privatisation