Amitabh Dubey

Director of India Research
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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

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The politics of Indian financial sector reform

Overview

The global financial crisis has put any reform momentum in India’s financial sector on hold, as the government focuses on firefighting and protecting itself from political attacks ahead of national elections. Deregulation in the form of easing controls on foreign inflows is continuing, spurred by capital outflows that have driven the rupee down and caused foreign exchange reserves to shrink. But any measures in the coming months will be purely tactical and aimed at shoring up...

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