ECONOMY
No recovery seen in economy this festive season
The degree of optimism observed in October was among the weakest in the near 14-year survey history.
ECONOMY
Macro Matters | Real rural wage growth contracts in August
Contracting real wages an obvious reason for lack of rural demand
MARKETS
Markets | We could be on the cusp of a huge bubble in asset prices
Economists may warn that it’s going to be a long, slow slog of a recovery for the Indian economy, but as long as liquidity is going to flow in, the markets will party.
BUSINESS
Macro Matters | PMI manufacturing data fail to show any green shoots from festive demand
Stock market running well ahead of the economic fundamentals
BUSINESS
Macro Matters | Tax revenue growth in the first half has been pathetic
The government has however stepped up expenditure, thanks to the bonanza from the RBI
BUSINESS
Macro Matters | How South Asia can contribute a third of global growth in 20 years
If the Modi government seizes the opportunity for reform, the rewards will be substantial
WORLD
Global Markets | Look at the Fed chief’s view for cues
A rate cut this week is baked in, but much depends on what Powell says about the future
ECONOMY
Credit Suisse report says number of Indian dollar millionaires could increase to 1.2 million by 2024
On the flip side, the poorer 50 percent of the Indian population owns a mere 2.8 percent of the nation’s wealth
BUSINESS
Policy | What will drive the rebound in economic growth?
The IMF’s World Economic Outlook database forecasts that India’s GDP growth will be well short of 8 per cent even by 2024. To beat this rather depressing forecast, it’s time for radical reforms
ECONOMY
Macro Matters | IMF report warns of rising risks in economy, markets and firms
Policy makers must find a way to wean the markets off their addiction to the narcotic of easy money
ECONOMY
Macro Matters | IMF says lower oil prices will lead to windfall gains for India
On the flip side, oil and commodity exporters such as Saudi Arabia, Kazakhstan, Nigeria, Russia and Indonesia will see windfall losses
ECONOMY
Macro Matters | How do Indian government finances compare with others in the region?
Apart from the Communist countries, India’s government spending is higher than East Asian countries, as a percentage of GDP
CURRENT-AFFAIRS-TRENDS
The thoughts of Nobel Laureate Abhijit Banerjee, largely in his own words
This year’s winners of the Economics Nobel prize shun clichés about poverty to focus instead on practical solutions arrived at after field experiments among the poor
BUSINESS
Macro Matters | Six points and a story about the slowdown
The slowdown may force the government to raise resources by fulfilling its promise of ‘minimum government’
BUSINESS
US-China trade truce: what is the market counting on?
There is great disorder under heaven; the situation is excellent
INDIA
Macro Matters | IMF and Moody’s say India will likely miss its government debt reduction targets
Moody’s estimates corporate tax cuts will add 0.1 percentage point to India’s GDP growth.
INDIA
Macro Matters | How does India score on structural reforms?
Countries with a large informal sector benefit the most from reform
ECONOMY
Macro Matters | The RBI’s implied estimate of nominal GDP for the current fiscal year is the lowest in seventeen years
RBI survey on business sentiment in Indian manufacturing at lowest level since the global financial crisis
ECONOMY
Macro Matters | RBI survey finds consumer confidence about current economic situation at lowest level in six years
Optimism about higher discretionary spending in the next one year is the lowest in at least four years
ECONOMY
Macro Matters | Global markets plunge as manufacturing PMIs slump
India’s September manufacturing PMI, though weak, is much better than the global average
ECONOMY
Macro Matters | Tax revenues lower, but RBI bonanza keeps fiscal deficit in check in August
Reducing expenditure to offset the tax cuts and keep the deficit in check would be an own goal for the government
ECONOMY
Macro Matters | Which is a bigger boost to the economy -- tax cuts or government spending?
The UN Conference on Trade and Development says that for India, a $1 billion cut in direct taxes will lead to a $0.2 billion boost to GDP
ECONOMY
Macro Matters | Demonetisation did not hit jobs in the organised manufacturing sector
Did demonetisation abort an incipient recovery? True, the manufacturing sector had bounced back in the year before demonetisation, but it’s hard to say whether this was sustainable, even if demonetisation did not happen
ECONOMY
The corporate tax cuts are the Modi 2.0 government’s first structural reform
The tax cuts were essential -- if they provide a cyclical boost too, that is an added bonus.
