Shumita Sharma Deveshwar

Director, India Research
+91 98718 22780

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Recent India research

* India: Strong economic growth to remain local, Shumita Sharma Deveshwar, 15 Jun 2017
* India: Return of cash bodes ill for tax revenues, Amitabh Dubey, 1 Jun 2017
* India: GST rollout threatens supply disruptions, Shumita Sharma Deveshwar, Amitabh Dubey, 25 May 2017
* India: Political decisions will disrupt reform, Amitabh Dubey, 18 May 2017
* India: Headline GDP obscures unbalanced growth, Shumita Sharma Deveshwar, 4 May 2017

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Slippery slope for fiscal consolidation

Overview

The government’s justification for pursuing countercyclical fiscal expansionary policies like most other global economies cannot continue to be a pretext for liberal spending. Its feat of achieving, or even undershooting, its fiscal deficit target for FY11 is not a sustainable trend as the build-up of macro headwinds, particularly with regard to inflation, is making the already difficult political environment for subsidy and tax reform even...

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