India’s industrial output growth saw a 10-month low in June, with Index of Industrial Production (IIP) growing by mere 1.5% as against 1.9% in May 2025.
Standing up to America is usually not a personal risk for a leader in India. Any suggestions of foreign pressure unites India behind who they see as leading them in that fight.
If the government wishes to use this transfer of reserves to pay down the public debt, wonderful. Transfer all of it tomorrow morning. What is actually happening is that reserves built up over the tenures of several Governors and governments in Delhi are sought to be burnt through in a couple of years, to cover humongous revenue deficits. 2. The RBI’s reserves – even assuming they are excessively large – are a national resource / asset, like the corpus of Harvard. Meant in fact to be added to, not fed into a fiscal afterburner. 2024 mein kya karenge, which depleted aquifers will we drill desperately into …
If the government wishes to use this transfer of reserves to pay down the public debt, wonderful. Transfer all of it tomorrow morning. What is actually happening is that reserves built up over the tenures of several Governors and governments in Delhi are sought to be burnt through in a couple of years, to cover humongous revenue deficits. 2. The RBI’s reserves – even assuming they are excessively large – are a national resource / asset, like the corpus of Harvard. Meant in fact to be added to, not fed into a fiscal afterburner. 2024 mein kya karenge, which depleted aquifers will we drill desperately into …