The US Federal Reserve's March 2014 decision to continue with tapering off of its asset purchases indicates that this may continue until the end of 2015. The effects of the gradual winding down of...
Economic Notes
The Central Statistics Office's advance estimates of GDP in 2013-14 place growth in the year at 4.9%. The regular differences every year between the advance and revised estimates of GDP suggest that...
How is it that the United Arab Emirates has become India's largest trading partner in recent years, overtaking the United States, European Union and China? An unusual pattern of two-way flows in gold...
Large Indian corporate firms went on a borrowing spree abroad a few years ago attracted by the lower interests that came on external commercial loans. But sluggish profitability and currency...
Reviewing the policy responses of the Reserve Bank of India over the past few years, it is argued that in recent times the RBI has sent mixed signals to the market. On the one hand a reduction of the...
India's staggering gold import burden is to a large extent the result of liberal policies adopted towards the metal by the government in the post-reform years. Given Indian society's insatiable...
The fourth advance estimates of agricultural production in 2012-13 see only a small change in output forecasts, but the outlook for 2013-14 is for a substantially higher level of foodgrain production...
The Reserve Bank of India has in its attempt to control the exchange rate volatility of the rupee perplexed the market. The short-term measures announced to limit money market liquidity went against...
There is a fear that the current vulnerabilities on the balance of payments front signal another crisis as in 1991. This article analyses the factors underlying the current problems in the BoP and...
With the global recovery nowhere in sight, this note looks at alternative strategies available to India to bridge the widening current account deficit by playing to the strengths of domestic...
There is a widely-held view that due to widening inflation differentials in India vis-à-vis the advanced economies, the rupee is, infact, overvalued in real terms and a downward adjustment would help...
