Shumita Sharma Deveshwar

Director, India Research
+91 98718 22780

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Recent India research

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India: Fiscal policy puts Modi at odds with RBI

Overview

As India’s government frets about sluggish economic momentum, the debate over whether it should loosen the purse strings to boost growth or stick to fiscal discipline continues to rage. While Prime Minister Narendra Modi last week publicly praised his government’s success in narrowing the central government’s fiscal deficit, the Reserve Bank of India (RBI) warned that the worsening consolidated deficit of the centre and the states poses serious inflation risks....

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