BUSINESS
Macro Matters | RBI’s survey provides clues about how the Modi government shrugged off economic woes to return to power
The consumer confidence survey provides the key to the consumption slowdown
BUSINESS
Macro Matters | Who are most at risk of being unemployed in India?
There is wide variation in unemployment rates among the states
BUSINESS
Macro Matters | Wanted: A budget with credible fiscal arithmetic
The shortfall in FY19 revised estimates means that the projected numbers for FY20 will also need to be revised downwards
BUSINESS
Macro Matters | The Monetary Policy Committee should take into account the rise in manufacturing PMI in May
PMI readings were higher in January and February this year
BUSINESS
The key signals from the GDP numbers
Government consumption contributed more than a fifth of GDP growth in the March quarter
BUSINESS
Macro Matters: India is not alone—Flash PMIs show sharp deceleration in major advanced economies
In the US, the malaise is spreading to the services sector
ECONOMY
Policy Pulse | What policy makers will look for in the March quarter GDP numbers
Markets will take their cues from the expected reaction by the RBI and the government to the GDP numbers.
BUSINESS
Corporate woes: Two charts that show why it’s taking so long for capex to revive
If return on capital employed is so low, where’s the incentive to go in for capex?
BUSINESS
Policy | How the market highs can be put to good use
Selling off state-owned businesses provides an opportunity both for short-term fiscal stimulus as well as structural reform.
BUSINESS
A mandate for a New India
We now have another shot at a structural transformation of the Indian economy
BUSINESS
Macro Matters | OECD predicts cyclical bounce for Indian economy in FY21
Consumption is expected to remain the driver of growth this fiscal year
POLITICS
Political Economy | Ten messages from the exit polls
If the exit polls have got it right, Narendra Modi will now have enormous power to push through his agenda.
POLITICS
Loose Canon: What has this election been about?
Voters have been asked to take a stand on Rajiv Gandhi’s parties, Vidyasagar, radars, Nehru, time machines, Says’ Law, the Chola empire, chowkidars and prehistoric men
ECONOMY
Macro Matters | Protectionism is not the only reason for the slowdown in global trade
Resolution of the current trade disputes may not be enough to change the trend in global trade.
MARKETS
Chart of the Day | All four engines of the economy are now sputtering
Consumption, investment, government spending and now exports have all been hit
ECONOMY
Chart of the Day | SBI leading indicator points to sharp slowdown
SBI’s composite leading indicator now at much lower level than in March 2014 quarter
ECONOMY
Macro Matters | Why has India’s rank dropped in AT Kearney’s FDI Confidence Index?
Elections and regulatory challenges may be deterring would-be investors
ECONOMY
Macro Matters | RBI paper says low GDP growth may be reason for low bank deposit growth
Study implies there has been a secular deceleration in trend GDP growth since 2009
ECONOMY
Macro Matters | Manufacturing growth in FY19 lower than in FY14
Both consumption goods production and capex are contracting.
BUSINESS
Macro Matters | The NSSO spills the beans about the new GDP series
The report casts serious doubt about the credibility of a database used to compute GDP
BUSINESS
Macro Matters: PMI surveys confirm growth slowdown, but there is a silver lining
Will the economy revive once the political uncertainty is over?
BUSINESS
Money Matters | Have financial conditions in India been too tight in recent years?
Money supply has not kept pace with output growth
BUSINESS
Markets | Why on earth are hedge fund managers warning of class warfare?
If you have no capital, why be a capitalist?
BUSINESS
Macro matters | Why the rise in bank credit to industry is no sign of a manufacturing recovery
The relentless rise in the share of infrastructure in bank credit is a risk
