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Topic: Indian Economy

New govt should review RBI’s inflation goals, says PM Modi’s economic adviser

PM Modi’s Economic Advisory Council Rathin Roy says India will need to decide whether the inflation target band of 2% to 6% is too wide.
Woman walk past a transmission tower in Rajouri district, Jammu and Kashmir |Dhiraj Singh/Bloomberg

Weak power demand indicates more slowdown pain ahead

Listless growth in electricity demand points to lack of appetite among factories & commercial firms who consume about half of India’s power.
Representational Image | Dominique Faget/AFP/Getty Images

Growing slump in India’s $70 billion auto industry should worry the govt

With unemployment sky-rocketing and expenses growing, people in India don't have the purchasing power for vehicles anymore.
The Reserve Bank of India (RBI) logo is displayed inside the central bank building in Mumbai

Back-to-back rate cut in store. What to watch out for in RBI policy statement today

With inflation below RBI’s 4% medium-term target, MPC expected to drop repurchase rate by 25 basis points to 6%.
A giant cut-out of Prime Minister Narendra Modi installed at Ashok Road | Ravi Choudhary/ Getty Images

Pick-up in quarterly sales reflect an upswing in Indian economy as GST regime stabilises

There is finally evidence of formalisation of the economy as the GST regime stabilises & has a big positive effect on the business cycle.

India is one of world’s fastest growing economies, says International Monetary Fund

Indian economy details would be revealed in the upcoming World Economic Outlook survey report, which will be released by the IMF in April.
Bank notes | Dhiraj Singh/Bloomberg

New debt worries push borrowing costs of NBFCs to record highs

Access to funds will, in turn, become more expensive for a range of businesses at a time when economic activity is already teetering.
RBI Governor Shaktikanta Das

RBI’s new boss Shaktikanta Das is stuck between a rock and a hard place

If the RBI keeps buying government bonds, it surrenders its power to teach the government a lesson in fiscal arithmetic.
Mr Modi and his team expect to win the 2019 elections, the groundwork for improved performance of India's economy in their second term should be done now.

108 economists & social scientists accuse Modi govt of blocking unfavourable data

The scholars slammed the Modi govt for ‘political influence’, pointing at the decision to withhold NSSO jobs data and to alter GDP data from the UPA era.
An vendor carries a sack of pumpkins at a wholesale market in Chennai

India’s fiscal deficit widens as govt overestimates revenue

India is set to miss budget deficit target for a second straight year by overestimating the income it expects to receive from taxes, asset sales and other sources.

On Camera

Sadhvi Pragya Thakur

Sadhvi Pragya’s nomination is no advertisement for Hindutva, whatever you may think of it

In opposition, the BJP used to stand for law and order, and its leaders were known for measured language. The ticket to Sadhvi Pragya goes against all that.

IAS poll observer: With Modi breaking rules, should EC give him special security treatment?

The Election Commission has suspended an IAS officer who had inspected PM Narendra Modi’s chopper in Odisha’s Sambalpur Tuesday.

Defence

Satellite images suggest that China is testing and weaponising its naval platforms for space denial

China is now testing laser ASAT weapons from its naval ships

China has already tested missile & EMP anti-satellite weapons from the ground. Now it’s using icebreaker ships in the Yellow Sea/Bohai Sea area.
Graphic by Soham Sen | ThePrint

Modi & Shah have turned India into ‘Jingostan’ & are out to conquer the paranoid country

The Modi-Shah BJP has resurrected dangers & the enemy from the past, and built a scary jingoism. It’s a great diversionary tactic, but it never ends well.