Sunday, 27 November, 2022
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MacroSutra

Prudence over populism — why Modi govt must resist rolling out big-ticket schemes in Budget 2023

In the next budget, last of Modi govt's 2nd term, announcing a glide path to a deficit target of 4.5% of GDP by 2025-26 would lend credibility to its fiscal consolidation initiatives.

It’s Happy Diwali for economy despite inflation, recession fears. But seasonal joy must sustain

Moving holidays, like Diwali, deeply impact economic data. However, this should not be mistaken as a leading indicator of the long-term performance of segments.

RBI’s digital rupee concept has many pros, but also some risk to India’s financial stability

CBDCs have the potential to lead to greater financial inclusion, but a concept note issued by the Reserve Bank of India also rightly places emphasis on consumer protection.

Real estate, IT, gig jobs, MNREGA: Making sense of India’s roller-coaster unemployment crisis

Employment in India rose from 394.6 million in August to 404.2 million in September, and while the numbers are still below pre-Covid levels, the increase is encouraging.

India’s falling forex reserve isn’t a worry for now, but RBI has a tightrope walk ahead

With US Fed hiking rates, RBI might be pushed to increase its own rates to slow simultaneous fall of rupee & India's forex reserves. But this could also hurt economic growth.

Bank credit has bounced back, but rising interest rates & inflation can be new hurdles

Despite rising interest rates, bank credit growth rose to a nine-year-high last month. While credit to MSMEs has shown consistent double-digit growth, it’s large industries that have really helped.  

Why volatile food prices will keep the heat on India’s consumer inflation level this year

Lower rainfall in some parts of the country is expected to keep food prices elevated in the coming months. Which means inflation will be above 6%.

Falling exports, rising imports show why India has to look within to push growth for now

Boosting competitiveness is the key to enhancing exports. Inflation remains an issue but RBI should allow the rupee to gradually depreciate.

Don’t sneer at 13.5% GDP growth. But consumption, investment critical in future quarters

Q1 GDP numbers show uneven recovery and pace of growth is likely to moderate due to global headwinds and mixed monsoon.

Chinese economy has been hit by a perfect storm: Property shock, Zero Covid, climate, Taiwan

The world's second largest economy is in crisis, hit by lockdowns, impaired supply chains, slump in real estate sector and geo-political tensions.

On Camera

YourTurn

Representative image | Pixabay

Apple revolutionised smartwatch. Then came the budget wave and more—AmazFit, Fitbit to Samsung

The Fitbit Versa 4 and Sense 2 are good options for fitness fiends who want a smartwatch for fitness tracking only, while Garmin is great for extreme sports enthusiasts.
Representative image | Reuters

GameFi is revolutionising global NFT market. Here’s how crypto regulations could shape it

GameFi is the intersection of gaming and finance in an environment driven by use of blockchain, non-fungible tokens and smart contracts.

Defence

Illustration: Soham Sen | The Print

Modi govt moves with Arunachal Frontier Highway, among India’s ‘toughest’ projects yet, China in mind

The 2,000 km-long highway will be of strategic importance to military. Same equipment used on other side of LAC being deployed to carry out work on tough terrain, say officials.

A Gujarat gamble: A likely reason Rahul is not giving Modi a fight this assembly election

I'd rather not buy idea that Rahul's holding his fire until 2024. More likely, Congress believes Karnataka offers best chance of winning a Gujarat-sized state if Gujarat is too challenging.