Fiscal Deficit Target

Should the government give up on its fiscal discipline? The first quarter GDP at 5.7% and the GVA at 5.6% came in as a shock to the markets and to policy makers. In fact, the government has shown alacrity and hinted at a special fiscal package of $7.7 billion to boost growth in the Indian…

GDP Worries

A host of downgrades are raising hackles over the GDP number… From the time the MOSPI announced the first quarter GDP on August 31st, there have been consistent worries about the level of GDP for the full year. While the RBI continues to maintain the full year GDP at around the 7% mark, analysts and…