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Business Line Dated: June 10, 2020 Expressing confidence in India’s ability to recoup from the current economic uncertainty, Fitch Ratings expects the economy to clock near double-digit growth next fiscal year. It has projected GDP growth of 9.5 per cent in 2021-22 after a contraction of 5 per cent this fiscal year. Reference:  https://www.thehindubusinessline.com/economy/macro-economy/fitch-sees-the-economy-growing-95-next-fiscal/article31797556.ece

Busineess Line Shishir Sinha The report said that the macro-economic outlook is more subdued and uncertain than in recent years. International Monetary Fund’s (IMF) executive board has advised India to complement its effort to strengthen the business climate by continued labour, product market, land and other reforms aimed at increasing labour market flexibility, enhancing competition and reducing the scope for corruption. “This will help harness India’s demographic dividend by creating more and better jobs for the rapidly-growing labour force and enhancing female labour force participation,” board said in its assessment. The board comprises of 24 directors who are elected by member countries and the Managing Director who serves as its Chairman. Under Article IV of the IMF’s Articles of Agreement, this board holds consultation and accordingly an assessment report is prepared. The report noted the recent changes in economic parameters and policies and listed risks. ...

Business Line December 01, 2019 Published By: Ashima Goyal In order to reverse the growth slowdown, we need to look beyond the repo and focus on liquidity-enhancing interventions,  Term premium , Credit risk,  Bank loan rates Inflation targeting is meant to allow policy counter-cyclicality, but it has been implemented as a structural reform. Macropolicy must become counter-cyclical now. The temporary spike in food items driven by prolonged rains and floods can be looked through by a flexible inflation targeter, especially as growth falls much below potential. Core and wholesale price inflation remain much below 4 per cent, and the headline CPI is also likely to come back towards 4 per cent. In no case is it expected to breach the RBI’s target band. In the long run, core inflation affects the household’s inflation expectations more. Raising domestic demand is the priority. There remains room to cut as weak demand reduces the neutral real rate. Moreover, glo...