Shumita Sharma Deveshwar

Director, India Research
+91 98718 22780

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Recent India research

* India: State banks still stand on shaky ground, Shumita Sharma Deveshwar, 9 Nov 2017
* India: On the road in Uttar Pradesh: GST woes hurt Modi’s popularity in busy poll season, Shumita Sharma Deveshwar, Amitabh Dubey, 26 Oct 2017
* 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

See all our India research >>

India: Politics hampers RBI’s battle for credibility

Overview

The record low June CPI inflation of 1.5% yoy will put further pressure on the Reserve Bank to cut its policy rate, which it has held steady over its past four monetary policy reviews. With inflation at multi-year lows but credit growth and investment spending at multi-decade lows, concerns are rising about whether the central bank’s inflation targeting policy is going too far, to the detriment of economic...

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