“Apprehensions by India and other countries of possible excesses in capital inflows and the inflationary impacts led them stiffen the domestic interest rates. The Fed, however has reversed its policy to meet domestic inflation by pitching the US Fed interest…
The NDA regime has been characterised by a steep rise in NPAs and frauds, and a misguided view of 'corrective action'. click here for Full article (A shorter version of the article was published in The Hindu Businessline.)
Unless policy measures address the structural problems underlying India's current account imbalance, piecemeal steps like tariff hikes would fail to stall the tumbling rupee. There is an urgent need to bring down the import intensity of the growth process it,…
