The Union Budget must cut revenue expenditure so growth-boosting tax cuts are possible, while monetary policy should focus on growth-inflation dynamics instead of defending the falling rupee.
Rupee had a major fall this week, led by strong US macro data, rising crude prices. China's currency moves, Japan’s possible rate hike & domestic growth concerns may maintain pressure.
The first advance estimates peg India’s GDP (Gross Domestic Product) growth at 6.4 percent in FY 2024-25, compared to 8.2 percent growth recorded in...
Narrowing of the wedge between credit and deposit growth, and the possible easing of the monetary policy, could weigh on the net interest margin of banks in 2025.
A big source of uncertainty will be trade after Trump assumes office. However, within India, rural demand is likely to sustain momentum & inflation is less likely to be a big problem.
Economic activity has rebounded in LMICs post pandemic, but the debt accumulated in that period has continued to grow, driven by both short & long-term debt.
With Sanjay Malhotra at the helm, RBI could shift towards a more dovish monetary policy, but the conventional policy response of rate cuts will not be a given with rising pressure on rupee.
Corporate tax collections saw modest growth of just 1.2%, but a 20.2% rise in income tax collections helped strengthen the government's overall revenue position.
The rupee has been depreciating lately due to FPI outflows, dollar strength & weak corporate performance. The slide, however, is less steep compared to other emerging markets.
India posted healthy growth in exports in October, even as imports grew sequentially. Donald Trump’s policy stance will have significant impact on India’s trade balance with US.
The political trajectory is clear. Asim Munir is now prepared to convict and sentence Imran Khan for instigating a rebellion against the army chief, with no possibility of mercy.
RBI data shows 26 states and Union Territories couldn’t regain pre-pandemic foreign tourist footfalls in 2024, but domestic tourism surged 27 percent compared to 2019.
Of the total package, $649 million will be utilised for additional hardware, software, and support services, and the remaining for Major Defence Equipment (MDE).
None of Pakistan’s PMs has lasted 5 years. That the current PM has given Asim Munir 5 years shows that of all military dictatorships history has seen, Pakistan’s is most creative.
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