India

India: On the road in Uttar Pradesh as confidence in demonetization drive dips India: On the road in Uttar Pradesh as confidence in demonetization drive dips, Amitabh Dubey, Shumita Sharma Deveshwar, 14 Dec 2016
Modi’s gamble heads for its moment of reckoning as the cash crunch shows no signs of abating two weeks before his own deadline expires
Macro policy
* India: RBI reveals limits of monetary policy, Shumita Sharma Deveshwar, 7 Dec 2016
Monetary policy cannot control the cash-dependent unbanked and informal sectors of the economy, which have been worst hit by the banknote ban
Macro policy
* India: Demonetization may succeed in electoral terms, but with huge collateral damage, Shumita Sharma Deveshwar, 24 Nov 2016
The economic fallout is bigger than the government anticipated and the effectiveness of implementation is in question
Macro policy
* India: Black money crackdown to hurt near-term economic growth, Shumita Sharma Deveshwar, 9 Nov 2016
A positive step for transparency, banking and formalizing the economy, but asset prices to deflate in the short run
Macro policy
* India: Slow resolution of bad debt retards revival of industrial growth, Shumita Sharma Deveshwar, Nicolo Bandera, 27 Oct 2016
The government lacks a comprehensive programme to resolve rising bad debts and to recapitalize cash-starved banks
Macro policy
* India: There is still a risk that tensions with Pakistan will escalate, Amitabh Dubey, 17 Oct 2016
A destabilizing tit-for-tat exchange could occur even though neither country wants war
Regional security
* India: What the RBI’s policy action tells us about changing government priorities, Shumita Sharma Deveshwar, 6 Oct 2016
Political concerns over unbalanced economic recovery trump policy orthodoxy
Macro policy
* India: Headed towards a new monetary policymaking paradigm, Shumita Sharma Deveshwar, 22 Sep 2016
New central bank leadership will probably shift emphasis to boosting growth
Macro policy
* India Monitor: Slow start for “Make in India”, Amitabh Dubey, 5 Sep 2016
FDI is rising but is flowing to services rather than manufacturing
Macro policy
* India: Why rolling out the GST by April 2017 is not guaranteed, Shumita Sharma Deveshwar, Amitabh Dubey, 24 Aug 2016
A political battle looms over the GST rate
Politics/governance
* India: New RBI Governor's appointment signals continuity, but expect change, Shumita Sharma Deveshwar, Amitabh Dubey, 22 Aug 2016
Inflation hawk Urjit Patel’s role may be circumscribed by a new MPC and pressure to go easy on indebted companies
Politics/governance
* India: The new RBI Governor will face pressure to cut rates, Shumita Sharma Deveshwar, Nicolo Bandera, 4 Aug 2016
But can growth be stimulated without pushing inflation higher?
Macro policy
* India: Political compromise to pass GST bill nears, Amitabh Dubey, 21 Jul 2016
The government and the opposition are close to an agreement to pass this long-delayed bill
Politics/governance
* India: Modi bets on faster growth, Shumita Sharma Deveshwar, Amitabh Dubey, 12 Jul 2016
Growth push to come at the expense of monetary and fiscal orthodoxy
Macro policy
* India Monitor: Modi’s reshuffle keeps political realities in mind, Amitabh Dubey, 8 Jul 2016
Politics/governance
* India Monitor: Rajan’s exit shows that all is not well with India’s growth story, Shumita Sharma Deveshwar, 20 Jun 2016
Politics/governance
* India Reform Watch: GST to remain stuck despite upper house gains for Modi, Amitabh Dubey, 13 Jun 2016
The government will lack the numbers to pass the GST bill until 2018
Reform Watch
* India Monitor: Why Rajan will stay on as RBI Governor, Shumita Sharma Deveshwar, 25 May 2016
Politics/governance
* On the road in West Bengal and Tamil Nadu: Why state elections matter, Shumita Sharma Deveshwar, 20 May 2016
Politics/governance
* On the road in Assam, Amitabh Dubey, 21 Apr 2016
Modi seeks to expand the BJP’s national footprint
Politics/governance
* India Monitor: Why the monsoon holds the key to economic recovery, Shumita Sharma Deveshwar, 13 Apr 2016
Macro policy
* India: On the road in Delhi and Mumbai – A political-economic divide emerges, Shumita Sharma Deveshwar, Amitabh Dubey, Jon Harrison, 23 Mar 2016
Politics remains difficult but growing evidence of policy movement on the ground
Politics/governance
* India Monitor: Competitive federalism paves way for investment reform, Shumita Sharma Deveshwar, 17 Mar 2016
Politics/governance
* India: Budget solid on macroeconomic stability but only incremental on reform, Shumita Sharma Deveshwar, Amitabh Dubey, 1 Mar 2016
Strong implementation and negotiating the tough political environment will be key to meeting goals
Macro policy
* India: Bank reform hits profits – and process likely to be protracted, Shumita Sharma Deveshwar, Nicolo Bandera, 15 Feb 2016
Sector reform is crucial despite the pain, but progress is mixed and execution will be key
Politics/governance