[ad_1] The backdrop of the monetary policy committee (MPC) meeting later this week is a complex one. Growth momentum has slowed in 2024-25. Headline retail inflation is still high despite softening from the recent peak. The government maintained strong fiscal discipline, despite offering tax concessions towards boosting private consumption, reflecting a decelerating expenditure budget. Importantly,…
[ad_1] Mumbai: After finance minister Nirmala Sitharaman delivered a consumption-supporting budget, the ball is now in the Reserve Bank of India’s (RBI) court to deliver the last-mile push to growth with a rate cut next week. A majority of economists believe that the budget has set the stage for a rate cut by keeping fiscal…
[ad_1] India’s growth outlook has turned less rosy of late, raising expectations around policy support from the Central government, with the Union budget just around the corner. The First Advance Estimates (FAE) for FY25 released by the National Statistical Office (NSO) pegged GDP expansion at 6.4% for the fiscal. To be fair, this will exceed…
[ad_1] These are important parameters and merit close attention to understand the economy’s growth path. But there is another factor that will play a vital role in the budget-making process and decide the trajectory of all these critical macro-economic parameters. It is called the political economy. There are many definitions, but, in simple terms, political…
[ad_1] For millions of Indians, GDP growth has not translated into better livelihoods, creating the paradox of a booming economy that fails to uplift a significant portion of its population. Wage stagnation amid rising inflation: The disparity between India’s economic growth and stagnant wages is stark. Consider the IT sector, once a beacon of upward…
[ad_1] There is no concrete definition of what such a dream with Asian characteristics means, but inspiration could come from the ‘American Dream,’ a term coined by writer James Truslow Adams in 1931, when he wrote that it “is that dream of a land in which life should be better and richer and fuller for…
[ad_1] The remarkable insights into the changing pattern of household consumption thrown up by the latest Household Consumption Expenditure Survey (HCES) 2023-24 are of special relevance for a wide range of policy decisions. Take, for instance, an issue that seemed to have become a bone of contention between the government and the Reserve Bank of…
[ad_1] Education at Indian Institutes of Technology (IIs) should focus on what is relevant for the nation’s growth over the next three to four decades, instead of what is relevant to the US, according to Krishna Chivukula, who made the single-largest donation to his alma mater IIT-Madras. IITs have been export-led for a large part…
[ad_1] Mumbai: The government needs to explore options such as tax benefits to encourage individuals to keep more money in bank deposits, said Ashwini Kumar Tewari, managing director of State Bank of India, adding to the chorus on India’s worst deposit crunch in two decades. “We have to think through various things, what are the…
