Shumita Sharma Deveshwar

Director, India Research
+91 98718 22780

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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 >>

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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