Shumita Sharma Deveshwar

Director, India Research
+91 98718 22780

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Recent India research

* India: On the road - Modi likely to win tough poll, Amitabh Dubey, Shumita Sharma Deveshwar, 11 Dec 2017
* India In charts: No easy fix for the economy as polls approach, Shumita Sharma Deveshwar, 30 Nov 2017
* India: New Congress takes the fight to the BJP, Amitabh Dubey, Shumita Sharma Deveshwar, 27 Nov 2017
* India: State banks still stand on shaky ground, Shumita Sharma Deveshwar, 9 Nov 2017
* India: On the road in Uttar Pradesh: GST woes hurt Modi’s popularity in busy poll season, Shumita Sharma Deveshwar, Amitabh Dubey, 26 Oct 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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