Shumita Sharma Deveshwar

Director of India Research
+44 203 006 3102

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Recent India research

* India: Fiscal policy puts Modi at odds with RBI, Shumita Sharma Deveshwar, 12 Oct 2017
* India: Gujarat poll to test identity vs economics, Amitabh Dubey, 5 Oct 2017
* India In Charts: A disappointingly slow recovery ahead, Shumita Sharma Deveshwar, 21 Sep 2017
* India: RBI firm on inflation, despite growth risk, Shumita Sharma Deveshwar, 14 Sep 2017
* India: Modi risks losing control of jobs narrative, Amitabh Dubey, 8 Sep 2017

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Food inflation will be the key macro driver in 2010

Overview

Food price inflation exceeding 19 per cent year on year has led market participants to conclude that the Reserve Bank of India will increase interest rates earlier and more aggressively than anticipated. The price increases are due not only to supply issues like the weak monsoon but to deeper structural factors including rising incomes and demand growth in a fast-expanding economy. We believe the stubborn rise in food prices will force the government to take more initiatives than...

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