Contributors
More »
Fiscal consolidation through tax buoyancy rather than expenditure compression will be a relatively less painful path towards economic growth recovery, according to Lekha Chakraborty.
The Union government must keep the fiscal policy accommodative to support growth recovery amid an uncertain global situation and monetary tightening, …
(Co-authored with Balamuraly B)
As states are doing the heavy lifting post-pandemic to enhance public investment, we do expect a hike in the capex transfers to the states in the upcoming Union budget
There is increasing recognition for state finances in the …
Why India needs a Fiscal Council
07/06/2022
(Co-authored with Emmanuel Thomas)
"Fiscal transparency and accountability need to be ensured to create room for market confidence in a high public debt regime. Constituting a Fiscal Council in India is therefore crucial at this juncture to analyse the fiscal risks and to formulate post-pandemic …
(Co-authored with Emmanuel Thomas)
“Fiscal and monetary policy coordination is crucial to sustain the economic recovery. The fact that the wholesale price index (WPI) inflation rate was continuing at two-digit numbers for a year and the CPI has remained above the upper band of 6% …
RBI’s hawkish stance on liquidity
22/04/2022
With inflation rising, a slower monetary policy tightening by RBI could accelerate de-anchoring of inflation expectations. RBI might “bite the bullet” by hiking policy rates in upcoming MPC meetings.
Against the backdrop of mounting global uncertainties emanating from the Ukraine war and the energy price …