India: GST Collections Still Below Trend, Incipient Signs of Fiscal Stress
Over a year into the GST, tax revenues are still running below trend. This is partly due to the tax cuts from the government but also reflects low...
321 Views
India: Bond Markets Calm Down, but Risks Increasing
Bond markets in India have calmed down a bit in the last few weeks. Long bond yields have stabilised and the short-term spreads have narrowed...
463 Views
Rural Distress and the Need for Disinflation
One of the consequences of the sharp fall in inflation in India between 2013-2017 was the rise in rural distress due to sharp fall in Agriculture...
479 Views
Monetary Tightening Likely to Continue
As expected the Monetary Policy Committee (MPC) raised the policy rate by 25bps to 6.5% today. The 'neutral' policy stance has also been retained....
562 Views
India: Monetary Tightening Inevitable, Will Start to Hurt...
The third meeting of the Monetary Policy Committee (MPC) for FY19 starts on Monday with the rate decision on Wednesday (1st August). The backdrop...
520 Views