Shumita Sharma Deveshwar

Director, India Research
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Recent India research

* India: Fiscal policy puts Modi at odds with RBI, Shumita Sharma Deveshwar, 12 Oct 2017
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* India: RBI firm on inflation, despite growth risk, Shumita Sharma Deveshwar, 14 Sep 2017
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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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