In previous eras, a prolonged increase in geopolitical and supply-side risks would have been met with a coordinated fiscal response. This is not the current scenario.
The Union government’s fiscal discipline has not been matched by state fiscal discipline, thanks to the tendency to promise unconditional freebies to the electorate.
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.
ThePrint spoke to several prominent economists on whether RBI’s current interest rate policy is adversely impacting growth or if watching inflation should be the way forward.
It is crucial for banks and other financial institutions to conduct regular stress tests against known market risks, including inflation and interest rate risks, writes Atul.
Spillover from recent turmoil in financial markets in US, Europe pose risk to short-term investment flows to emerging markets, including India, said World Bank economist.
China patiently invested capital, skill and technology in coal gasification. Unlike it, we won’t move from words to action. As crude prices decline, we lose interest.
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