Shumita Sharma Deveshwar

Director of India Research
+44 203 006 3102

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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 >>

Inflation clampdown and more

Overview

The Reserve Bank of India’s stated rationale for its recent surprise monetary tightening was to rein in inflation in a rapidly growing economy. However, many other motives are being ascribed to what is being called a “sledgehammer” move. Monetary policy can take up to six months to have an impact, but the current pace of tightening is unprecedented in India. Speculation over the real reason for the rate hikes ranges from political pressures to check inflation to the RBI’s dilemma in...

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