Shumita Sharma Deveshwar

Director, India Research
+91 98718 22780

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Recent India research

* India: Stake sales to test Modi’s political will, Shumita Sharma Deveshwar, 10 Aug 2017
* India: Competition with China enters new phase, Amitabh Dubey, 3 Aug 2017
* India: Smooth GST rollout masks important risks, Shumita Sharma Deveshwar, 27 Jul 2017
* India: Politics hampers RBI’s battle for credibility, Shumita Sharma Deveshwar, 13 Jul 2017
* India: Food deflation changes electoral dynamics, Amitabh Dubey, 7 Jul 2017

See all our India research >>

The stark dichotomy between India’s data and reality

Overview

Even though the Reserve Bank of India kept interest rates unchanged at its last monetary policy review (on 7 April), the statement it issued was dovish, reflecting the stark dichotomy between Indian economic data and the reality on the ground. Signs of an investment revival are meagre and consumption demand remains weak – in strong contrast with the GDP growth estimates of the government and the Central Bank. As the Bank indicated in its policy statement, government policy action...

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