Shankar Acharya

This would give an impetus to exports and boost the domestic manufacturing sector, Acharya said at an economic forum organised by MCCI here. Acharya, an honorary professor with ICRIER, said that given the present state of the "ailing" economy, said that it would be difficult for the government to do pump priming by increasing expenditure.

Acharya panel on 'change in fiscal year' submits report to FM

The government had in July set up a committee headed by former Chief Economic Adviser Shankar Acharya, to examine "desirability and feasibility" of having a new financial year.

Government invites public comments on changing financial year

Some arguments are less on the intrinsic merit or demerit of the change and more on the timing of the change, such as when it coincides with other developments impacting businesses, said the write-up, inviting public comments by September 30.

Most TAC members wanted rate cut, Rajan chose status quo

The minutes of the Technical Advisory Committee (TAC) on monetary policy held prior to the RBI's fourth Bi-monthly Monetary Policy on September 30 revealed that four out of seven external members favoured reduction in repo rate.

RBI may pause rate hike on softer inflation: Acharya

Trade deficit numbers are encouraging. They are on the back of subdued import of gold and softening of oil prices in the last month, says Dr Shankar Acharya of ICRIER.

Can't cap fiscal deficit at 4.8%; polls to up costs: ICRIER

Shankar Acharya of ICRIER is skeptical on government's abilities to meet the fiscal deficit target of 4.8 percent. He also feels that key investment decisions may be delayed due to upcoming elections.

Expect to see 5.5-6% growth in FY14 also: ICRIER

Shankar Acharya of ICRIER expects 5.5 to 6% growth in FY14 as well. According to him, the underlying stress factors continue to press on the economy and therefore, chances of seeing a change is limited.

India has not averted rating downgrade: Shankar Acharya

Shankar Acharya of ICRIER says too much has been made out of Standard & Poor's warning yesterday, that there was a significant chance that India's credit rating may be lowered if its external position deteriorated, political climate worsened or fiscal reforms slowed.

Not optimistic about rate cuts from RBI: ICRIER

Slowing growth, high inflation and a sorry state of the economy has been playing havoc. Along with that, a not so good monsoon has started to ink fears of lower agricultural output. In an interview with CNBC-TV18, Shankar Acharya of ICRIER said the monsoon situation is worrying and by the end of July, a clear picture is likely to emerge.

Rate cuts unlikely in long & medium term: Shankar Acharya

There is a general expectation that the Reserve Bank of India will cut rates in its mid-quarter policy review. This time, RBI is expected to soften stance on weak industry growth in April which was flat at 0.1%. However, economists feel that the central bank may not continue slashing rates further from now.

No positive vein in the Budget to spur investments: ICRIER

Shankar Acharya (ICRIER) feels that the fiscal deficit at 5.1% by FY13 end is not too credible especially after the events that have happened the Railway Budget debacle.

India's FY12 growth may sink below 7%: Shankar Acharya

Even though the Reserve Bank of India, in its third quarter monetary policy review, slashed CRR, it is not able to impress economist Shankar Acharya of ICRIER.

Sluggish growth to continue next year: ICRIER's Acharya

Industrial output data in October saw a sharp de-growth of 5.1% compared to a growth of 1.9% in September due to poor capital expansion. Shankar Acharya of ICRIER indicated that a slowdown in IIP was along expected lines. However, he seemed very worried about the lack of investment growth.

Shankar Acharya warns GDP growth may slip below 7%

There are alarm bells already ringing that signals a slowdown in India’s economic growth. Inflation in burgeoning while industry growth is also not showing any signs of picking up.

RBI will hike rates this time, says Shankar Acharya

While most analysts expect a rate hike pause by the RBI, here is one person who thinks otherwise. Speaking to CNBC-TV18 in an exclusive interview, Dr. Shankar Acharya of ICRIER says that the RBI is left with no choice but to hike rate, given the loose fiscal policy we have.

See FY12 GDP growth in 7-8% range: ICRIER

According to the Prime Minister's Economic Advisory Council (PMEAC), India's gross domestic product (GDP) growth is expected to slow down further to 8.2% in the current fiscal. In an interview to CNBC-TV18, Shankar Acharya, ICRIER said, the PMEAC's estimate is a little optimistic and the GDP growth will be in the range of 7-8% this year.

1991 economic reforms: Did we switch our economic thinking?

This week marks the twentieth anniversary of the 1991 economic reforms. The Former Governor of the Reserve Bank of India, Bimal Jalan, Former Chief Economic Advisor, Shankar Acharya and Planning Commission Member and Former Chairman of the Boston Consultancy Group, Arun Maira about whether fundamental questions were answered.

Fiscal deficit was understated in budget: Shankar Acharya

In an interview with CNBC-TV18, Shankar Acharya of ICRIER says, the uncomfortably high inflation will persist for few more months.

Shankar Acharya: 4.6% fiscal deficit? Highly unrealistic

Shankar Acharya from ICRIER citing his views on the macro economic scenario of India said that there are signs which are encouraging that inflation is coming down and inflation for the year is likely to be around 6-7%.

Inflation may slip, RBI is still under pressure: Economist

Food and fuel inflation eased in late-February, but remained at elevated levels, maintaining the case for further monetary tightening to keep a lid on headline inflation. Shankar Acharya, ICRIER feels that there are signs of inflation coming down but RBI is under pressure to raise rates to combat the huge price.