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

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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