Anirban Nag
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Past articles by Anirban:
India’s Jobless Rate Slides in Signs Economy Is Turning Around
India’s unemployment rate dropped sharply last week, in the first sign that Asia’s third-largest economy may be turning a corner after the world’s worst coronavirus outbreak.The jobless rate for the week to June 13 fell to 8.7% from 13. → Read More
India MPC Member Sees Elevated Inflation Throttling Policy Space
The Reserve Bank of India has cut interest rates by “a great deal” and more policy space can be created only when inflation eases, its executive director and rate-panel member Mridul Saggar said. → Read More
India Services PMI Shows First Expansion Since Pandemic Hit
Activity in India’s dominant services sector expanded in October for the first time in eight months, supporting a view that a recovery has been picking up since the South Asian economy lifted a lockdown to stem the pandemic. → Read More
Indian Economy Accelerates in September as Animal Spirits Soar
India’s economy picked up speed in September as a revival in demand and business activity helped drive the South Asian nation toward recovery from the pandemic-induced slump. → Read More
Indian States’ Rising Debt Pose Risk to Their Finances, RBI Says
Indian states are racking up more debt to fund the prospect of wider budget deficits as they step up spending to fight the virus pandemic, the central bank said. → Read More
India’s Economy Heads for Double-Digit Decline as Virus Spikes
(Bloomberg) -- India’s economic recovery prospects have gone from bad to worse after the nation emerged as a new global hotspot for the coronavirus pandemic with more than 5 million infections.Economists and global institutions like the Asian Development Bank have recently cut India’s growth projections → Read More
Indian Central Bank May Douse Inflation by Letting Rupee Gain
(Bloomberg) -- India’s central bank has said a stronger currency will help contain imported inflation, signaling it may tolerate gains in the rupee as it tries to curb price pressures in an economy headed for recession. → Read More
India’s Animal Spirits Remain Fragile Despite Economy Reopening
(Bloomberg) -- An improvement in India’s exports and business activity in June signaled the worst may be over for the economy, but the rebound probably wasn’t strong enough to prevent the biggest quarterly contraction on record. → Read More
India’s Statistics Woes Return With Scrutiny Over Official Inflation Data
India had trouble collecting economic data during a more than two-month nationwide lockdown, but as it resumes publishing key numbers, a familiar concern is resurfacing -- that of credibility. → Read More
Drop in Chinese Exports to U.S. Didn’t Help India, Says Rabobank
India has not gained much from a drop in China’s share in American imports, despite New Delhi’s close diplomatic relation with Washington and a recent push to boost its own local manufacturing base, a study by Rabobank shows. → Read More
Over 80% of Indian Homes Lost Income in Lockdown, Study Says
About 84% of Indian households saw their incomes fall last month under the world’s strictest shelter-at-home rules, and many won’t survive much longer without assistance, a study shows. → Read More
Missing India Inflation Data Turns Focus to RBI Forecast Models
The absence of inflation data in India for April amid a lockdown may force monetary policy makers to rely on surveys and in-house forecasting models to make sense of price trends and decide on interest rates, say economists. → Read More
Flood of Cash With Indian Banks May Prompt RBI to Use New Tool
The Reserve Bank of India is running out of bonds to lend out. With the nation on lockdown, banks have parked an average of 7 trillion rupees ($92 billion) overnight with the RBI in the past week in return for bonds. → Read More
India’s Central Bank Has List of Policy Options to Combat Crisis
India’s central bank has a number of policy options to draw upon to cushion the economic blow from the coronavirus pandemic. With a limited fiscal response so far, the Reserve Bank of India has taken the lead in providing virus relief to the economy. → Read More
India Headed for Rare Quarterly Contraction on Lockdown
India’s economy is poised to shrink next quarter and full-year expansion set to suffer markedly, as a three-week nationwide lockdown starting Wednesday brings activity to a standstill, according to economists including from ING Groep NV and Deutsche Bank AG. → Read More
RBI to be ‘proactive’ in tackling coronavirus, says governor Shaktikanta Das
“If required, the RBI will act as and when required and, as in the past, the RBI will be proactive and act in time,” Das said, when asked if the central bank needs to make an emergency move. → Read More
RBI’s Das Sees Shadow Bank Crisis Abating as Liquidity Improves
India NBFC Crisis: The four NBFCs have less interconnectivity with other entities such as banks and mutual funds, RBI Governor Shaktikanta Das says. → Read More
India’s Fragile Economic Rebound Faces New Risk From Coronavirus
Just as India’s economy starts to show signs of a recovery, the coronavirus outbreak is looming as a new threat. Data on Friday is set to show growth accelerated for the first time in seven quarters, reaching 4. → Read More
Indian Economy May Be Set for the Road to Recovery in 2020
A sharp pickup in India’s business activity in January signaled momentum returning to Asia’s third-largest economy, although a strong recovery still looks unlikely as consumer demand remains subdued. → Read More
As budget falls short, RBI governor may focus on US-style operation twist
The burden of recovery now falls solely on the Reserve Bank of India. With inflation breaching RBI’s target at present, any rate cuts by the central bank are likely to be delayed and contingent upon inflation falling below the upper end of its 2%-6% target range. → Read More