Shumita Sharma Deveshwar

Director, India Research
+91 98718 22780

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Recent India research

* India: On the road - Modi likely to win tough poll, Amitabh Dubey, Shumita Sharma Deveshwar, 11 Dec 2017
* India In charts: No easy fix for the economy as polls approach, Shumita Sharma Deveshwar, 30 Nov 2017
* India: New Congress takes the fight to the BJP, Amitabh Dubey, Shumita Sharma Deveshwar, 27 Nov 2017
* 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

See all our India research >>

India: What the RBI’s policy action tells us about changing government priorities

Overview

The unanimous decision of all six members of the newly formed Monetary Policy Committee to cut rates by 25bps surprised even us despite our call that the new leadership at the Reserve Bank of India will be dovish compared with the regime of former Governor Raghuram Rajan. This week’s monetary policy action confirms our view that the change at the helm of the central bank occurred because the government wanted a change, not continuity, of...

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