Ashima Goyal

Last month, RBI Governor Shaktikanta Das, in an event in Mumbai, raised concerns over the widening gap between credit and deposit growth, saying it will expose the system to structural liquidity issues.

Growth is below potential since core inflation is below target, says Ashima Goyal

This is because if the demand and growth exceed the potential, then inflation should be rising, not falling, the veteran economist told Moneycontrol

MC Interview | Keeping interest rates high for too long likely to hit growth, says RBI MPC’s external Member Ashima Goyal

Goyal further said that high interest rates do raise the probability of delinquency for sectors.

As India develops, problem of high food inflation will get less severe: RBI MPC member Ashima Goyal

.Stressing that the share of food in the household budget is high in India, Goyal said policy needs to focus on increasing agricultural productivity, since stable agricultural prices are important for non-inflationary growth.

India needs rate cuts to reach potential growth, say MPC members Jayanth Varma, Ashima Goyal

"We are in a catch-up growth phase. Growth has to go up in order to create employment and jobs for young people, for the investment cycle to take off, and so on," Ashima Goyal, one of three external members on the six-member MPC, told Reuters.

MC Interview| Inflation target should be reached next year if there are no large, persistent shocks: Ashima Goyal

As per RBI’s projection in April monetary policy, CPI inflation in the second quarter of the current financial year is projected lower than the medium term target of the central bank.

MC Interview| G-Sec yields to soften on easing inflation, lower risk premium: Ashima Goyal

The yield on 10-year benchmark ended at 7.23 percent on April 19, which was highest since January 5, when it was at 7.235 percent, according to the Bloomberg data

Case for rate cuts strong if inflation keeps declining, says MPC's Ashima Goyal

According to Goyal, it should not be difficult for the RBI to manage higher foreign inflows into Indian government debt as an increase in the GDP and size of the markets should mean these funds can be absorbed without excess volatility.

Headline inflation should soon come down to core inflation levels, says Ashima Goyal

According to Goyal, one of the three external members of RBI's Monetary Policy Committee, the 'big mistake' India made in the early years of the millennium was to spend more during years of high growth instead of building buffers

Faster reduction in fiscal deficit will send 'very good signal': MPC's Ashima Goyal

According to Goyal, the government should continue to focus on building physical and human capital in the 2024-25 interim budget as the level of private investment in these areas is "less than optimal".

Election Commission should ask parties to estimate cost of freebies: MPC's Ashima Goyal

According to Goyal, political parties should also be asked to declare how their election promises will be financed – which taxes will rise or what expenditure be cut

All price-setting bodies should internalise 4% inflation target, says MPC's Ashima Goyal

According to Goyal, headline retail inflation could fall towards 4 percent on a sustained basis at a pace faster than what forecasts suggest

Indian economy doing well even in unsupportive global environment: RBI MPC member Ashima Goyal

The Indian economy has started doing well even in an unsupportive global environment, as the Modi-led government implemented various reforms in the last nine years, resulting in improvements in key macroeconomic indicators, according to RBI Monetary Policy Committee (MPC) Member Ashima Goyal.

Interview: MPC's Ashima Goyal calls on states to cut fuel tax, oil firms to lower prices

In an interview to Moneycontrol, Goyal said the Monetary Policy Committee had not raised real interest rates high enough for them to have "major adverse impacts" on growth

Sustained sub-5% inflation forecasts to give rate cut opportunity, says MPC's Ashima Goyal

Goyal, one of the three external members of the RBI's Monetary Policy Committee, also said that oil marketing companies should start cutting fuel prices now that they have made up for their previous losses.

Interview: MPC's Ashima Goyal sees policy pivot if inflation approaches 4% sustainably

Goyal, one of the three external members of the RBI's Monetary Policy Committee, also says the market will keep getting surprised by interest rate decisions if it continues to ignore warnings

MPC Minutes: War against inflation not yet won, premature to declare end to tightening cycle, says Jayanth Varma

The MPC chose to keep the rates unchanged in the meeting but said it would act if the situation warranted so.

MPC's Goyal calls out Fed on over-reaction to inflation, seeks data-dependent policy

Goyal pointed out that US actions have spillover effects for the rest of the world

Inflation expected to come down over the year: RBI MPC member Ashima Goyal

The Reserve Bank of India (RBI) has raised its benchmark repo rate by 250 basis points since May last year

RBI's FY24 growth forecast seems to be backward-looking, says MPC's Ashima Goyal

According to Ashima Goyal, growth could be severely hit if continued rate hikes result in a real repo rate that is well above 1 percent

MPC members hint at rate cuts in 2023 as global growth concerns mount

Rapid tightening of monetary policy across the world to fight inflation is leading to mounting concerns about growth. Central banks – including the RBI – could perform a quick U-turn and cut rates next year

Not the time for aggressive fiscal consolidation: MPC's Ashima Goyal

While economists expect the Centre to broadly target a fiscal deficit of 6 percent or so for the next financial year, the International Monetary Fund recently called on the Indian government to be more "ambitious" in improving its finances.

Demonetisation behind the buoyancy in tax collections, says RBI MPC member Ashima Goyal

On November 8, 2016, Prime Minister Narendra Modi announced the demonetisation of old Rs 1,000 and Rs 500 banknotes and one of the key objectives of the unprecedented decision was to curb black money flows and promote digital payments.

RBI rate hikes to contain price rise; inflation to fall below 6% next year: MPC member Ashima Goyal

Goyal further said that the policy rate hikes have largely reversed pandemic-time cuts but the real rate remains low enough not to hurt the growth recovery

Policy rate likely to peak by January-March quarter as MPC shifts focus to growth, say economists

Once inflation begins to moderate by FY24, economists expect the MPC to prioritise growth and assess the effects of policy transmission.