India: Macro policy

* Indian Reserve Bank seeks to regain its own voice, Shumita Sharma Deveshwar, 20 Apr 2017
The Governor’s focus on inflation and his criticism of the farm loan waiver are signs of the central bank trying to reassert autonomy
* India: Cautious budget does little to stimulate growth, Shumita Sharma Deveshwar, Amitabh Dubey, 2 Feb 2017
Structural reform is not being advanced
* India: Why the government is likely to deviate from fiscal conservatism, Shumita Sharma Deveshwar, Nicolo Bandera, 25 Jan 2017
State spending has compensated for the lack of private investment as the demonetization-induced slowdown delays any recovery
* 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
* 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
* 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
* 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
* 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
* 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
* 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