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External Commercial Borrowings: Difficult times ahead
12 October, 2018, Parthapratim Pal and Ahana Bose
The rise in the short term benchmark interest rates by the Federal Reserve of United States may lead to higher capital outflows for India. This would result in increased downward pressure on the rupee, and with the oil prices rising in light of the sanctions on oil exports from Iran, international borrowing is becoming costlier, and will become even more so in the short to medium term.
Whither Indian Economy?
24 September, 2018, Sunanda Sen
While there are ongoing discussions on rupee depreciation amidst an atmosphere of apprehension about the economy and polity of the country, official sources have continued to deny any possible threat to the economy. The defensive position advanced from the official quarters do not, however, stand scrutiny if one recognises the fact that none of those indicators of a robust economy will be sustainable in the face of slippages running through the economy.
Is the Party Over?
03 October, 2013, Rohit
The article analyses the reasons behind the poor performance of the Indian economy in the recent past and suggests measures for way out of the current crisis.
The Neoliberal Trap
11 June, 2013, C.P. Chandrasekhar
The government of India is forced to appease international credit rating agencies and give their demands priority over national issues.
India's Rich are the Problem
18 March, 2013, C.P. Chandrasekhar
Addressing India’s worsening current account deficit requires reining in the import bill, which in turn requires curbing elite consumption.
And Now, the Indian Balance of Payments Crisis
11 April, 2009, Jayati Ghosh
With India's declining merchandise exports and still growing imports resulting in a trade deficit, it is now confirmed that the Indian economy is already badly hit by the global economic crisis. The more worrisome part is that our policymakers refuse to accept this reality and still want to intensify the policies of financial liberalisation that have brought us to this pass.
Blowing Bubbles at the Bust
07 January, 2009, C.P. Chandrasekhar
With the elections behind it, the government has chosen to unveil the promised second instalment of the economic package that it claims will stimulate a slowing economy. Given the global fashion these days, some media observers have wrongly described this as the Centre's second ''fiscal stimulus'' package.
Neoliberal Discomfort
15 April, 2008, C.P. Chandrasekhar
It perhaps is a little too early to predict the coming death of "neoliberalism", or the economic philosophy that governments should facilitate the functioning of "free" economic agents rather than regulate them. More crudely put, the idea is that markets should be left free to work so long as they deliver profits. But globally evidence has been growing that markets are just not working, precipitating crises that requires bringing the state back in.
A Reticent RBI Succumbs
11 August, 2007, C.P. Chandrasekhar
Though still remote and unintelligible to the ordinary citizen, the annual statement on and quarterly reviews of monetary policy by the Reserve Bank of India (RBI) receive much attention from the Finance Ministry, the financial sector and the media. This is not surprising given the increased importance of the financial sector and the crucial role of credit in the current process of growth of the Indian economy.
RBI: Managing the Forex Surge
02 May, 2005, C.P. Chandrasekhar
Symbolism is a crucial adjunct of central banking. Huge buildings of solid stone, high ceilings, steel vaults and managers in suits are the images that come to mind when one thinks of the institution that is presumed to have final financial authority and serves as the lender of last resort.

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