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.
BUSINESS
Macro Matters | Non-petroleum goods exports in June 2019 are lower than in September 2014
Non-oil goods imports in June 2019 lower than in June 2017
BUSINESS
Macro Matters | Why financial conditions are likely to get better
An RBI research paper as well as money supply data indicates that a turnaround in the financial cycle is likely
BUSINESS
Macro Matters: Is the current slowdown cyclical or structural?
If the slowdown is a warning that India is in danger of being caught in a middle-income trap, where does that leave investors?
BUSINESS
The government’s decision to stick to the fiscal deficit target is an unalloyed good
Businesses and equity markets will have to bear the short-term costs of fiscal restraint
BUSINESS
Budget 2019 | Should we take the Budget numbers at face value?
FAQs on the Budget estimates
BUSINESS
Economic Survey wants India to follow China’s shining example
The East Asian model is far from ‘blue sky thinking’, but what other successful growth stories do we have?
BUSINESS
Why the quality of Indian economic growth is less than stellar
India’s overall government expenditure is substantially higher than most peers in the region
BUSINESS
Why the US is targeting Huawei
Huawei is the only Chinese multinational in the top five list of R&D spenders
BUSINESS
The Bank for International Settlements warns of a build-up of financial risks
A prolonged period of ultra-low interest rates gives rise to many distortions and could set the stage for the next financial crisis
BUSINESS
Macro Matters | It’s a puzzle why household savings in physical assets have fallen, but foreign savings offer succour
It’s necessary for household savings to rise to ensure there are enough funds for capital formation in the economy. If savings do not go up, the current account deficit will bloat when the capex cycle turns.
BUSINESS
Budget 2019 | Central govt accounts up to May underline tight fiscal position of government
Capex fell during the first two months of the fiscal year
BUSINESS
Macro Policy | India’s merchandise exports have stagnated and it is vital to improve competitiveness
Export policy in the age of Donald Trump will have to be very different. Moreover, a large part of exports are now the result of being part of global value chains and parts and semi-finished goods make their way several times across borders. A policy of currency depreciation will not work when imports form a large component of exports.
BUSINESS
Macro Matters I The backdrop to the G-20 meeting in four charts
Policy uncertainty leads to low business confidence, in turn hurting growth and investment
BUSINESS
Budget 2019: What is the reason for the slowdown in the economy?
Why did consumption growth fall so sharply in the December 2018 quarter?
BUSINESS
The Empire Strikes Back, Starring Rene Descartes
China has done very well despite the widespread perception its GDP numbers are very dodgy
