ECONOMY
Macro Matters | Private consumption growth slumps in June quarter
If we leave out government consumption, growth in real GDP was just 4.5 percent
ECONOMY
Macro Matters | What, according to the RBI, are the reasons for the slowdown in the economy?
All the three engines of the economy -- consumption demand, investment demand and external demand -- are sputtering
ECONOMY
Jalan Committee: How the rules governing RBI reserves have changed over the years
In 2006–07, 75 per cent of RBI’s revaluation balances were wiped out, amounting to 1.5 per cent of GDP
ECONOMY
Sentiment Booster | The government responds, but global risks are rising
Global events could be far more important than any domestic stimulus for the Indian economy in the months to come
ECONOMY
Macro Matters | Whose economic advice does the government listen to?
Will the government walk the talk? If yes, whose talk?
ECONOMY
Macro Matters | How bad is the current slowdown in the Indian economy?
Bank credit numbers give us an insight about the extent of the slowdown
MARKETS
Monetary Madness | Why are global markets so nervous?
Since the early 1980s economic downturns have been triggered more by financial booms gone wrong than by monetary policy tightening to quell inflation flare-ups.
MARKETS
Macro Matters | Contraction in non-oil, non-bullion imports yet another sign of faltering domestic demand
Non-oil, non-bullion import growth has been negative every month since January 2019
BUSINESS
The Reliance model of development
Investors will appreciate the initiatives announced at the RIL AGM, not least the partnership with Microsoft. The stage has been set for a re-rating of the RIL stock.
BUSINESS
Macro Matters | The Prime Minister says he will do whatever is needed to revive animal spirits
The Prime Minister said that the vision for the next five years is to have investment-led growth. He spelt out that this would mean more liberalisation of foreign direct investment, simplification of labour laws, power sector reforms, lowering of tax rates, asset monetising and asset recycling in the public sector and further reforms in banking, insurance and the pension sectors.
ECONOMY
IIP | Production contracted in most manufacturing sectors in June 2019
Capital goods production has increased at a CAGR of 0.07 percent in the last seven years
ECONOMY
Three charts from the RBI consumer confidence survey that explain the slowdown
Discretionary spending is the weakest since at least September 2015
BUSINESS
Chart of the day | Market ignores good news, for good reason
The IHS Markit India Composite PMI for July at eight-month high
BUSINESS
Macro Matters | India one of a handful of countries where manufacturing sector is still expanding
The IHS Markit India survey says conditions in the manufacturing sector improved in July
BUSINESS
Chart of the Day | Gross tax revenue growth for June quarter lowest since 2009
Muted government spending in the June quarter due to the elections has exacerbated the slowdown
BUSINESS
Markets | The implications of the Fed rate cut
The gate is wide open for more rate cuts by the Reserve Bank
BUSINESS
Macro Matters | The slowdown in the economy is reflected in lower bank credit growth
The slowdown in domestic loans has however been partly offset by higher external borrowing
BUSINESS
The damage to the global economy is Trump-inflicted
We have a two-speed global economy, with the services sector offsetting huge weaknesses in manufacturing and trade
BUSINESS
Markets | Will Nirmala Sitharaman take steps to restore foreign investors’ faith?
Is the government’s social agenda overshadowing its economic one?
BUSINESS
Macro Matters | What the IMF said on Indian and US growth, interest rates and market risks
The IMF warns that triggers for risk-off episodes abound
BUSINESS
Markets | Will banks soon be able to transmit lower interest rates to borrowers?
Bank deposit growth is looking up and the credit-deposit ratio is coming down
BUSINESS
50th anniversary of bank nationalisation: a surreal personal memoir
Before he became a commentator on the economy and markets, our columnist was a public sector banker.
INDIA
Chart of the Day | Kerala beats Mexico, but Burundi does better than Madhya Pradesh
Infant mortality has improved, but India still lags behind some much poorer countries.
BUSINESS
Markets | Global Fund Manager Survey shows dangers lurking underneath a placid surface
Belief in central bank omnipotence is fading. Investors need to a close watch on how this tail risk evolves.
