Shumita Sharma Deveshwar

Director of India Research
+44 203 006 3102

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Recent India research

* 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
* India: RBI firm on inflation, despite growth risk, Shumita Sharma Deveshwar, 14 Sep 2017
* India: Modi risks losing control of jobs narrative, Amitabh Dubey, 8 Sep 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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