Category: India

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+ India, Macroeconomy

Decoupled: Better inflation dynamics can lower yields in India for longer

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Financial Express India’s inflation trajectory has been stable leading to compressed differentials with the US: this led to a lower rate hike cycle and a possible longer-term lower yields Reserve Bank of India’s (RBI’s) pause in its recent policy announcement has now been commented upon by many: it has been noted clearly that it is a pause, not a pivot. We look beyond the … Read More Decoupled: Better inflation dynamics can lower yields in India for longer

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+ India, Macroeconomy, Public Policy

India macro-2023: Prepare while the sun shines

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Financial Express For the month of December 2022, the purchase manager index (PMI) for India was 59.4, almost touching multi-decadal highs. PMI above 50 is taken to mean that an expansionary phase follows as confidence among participants is high and readings below indicate a contractionary phase. For large G20 countries like Brazil, China, France, Germany, Japan, the UK and the US, the index ranged … Read More India macro-2023: Prepare while the sun shines

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+ India, Macroeconomy, Public Policy

Crystal gazing global growth 2023

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Indian Merchant’s Chamber (IMC) [opens pdf] The last few years have conclusively shown that real outcomes are a lot more interesting than what even the most egregious forecasts can imagine. Almost no forecast saw the coming of a pandemic, insurrection in a large democracy, a war and its mobilization, or the possibilities of nuclear attacks. Export curbs, trade disputes, and embargo on technological transfers … Read More Crystal gazing global growth 2023

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+ India, Travel

2022: North Karnataka-Western Maharashtra road trip

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Another year-end, another road trip from Mumbai: this time to north Karnataka and western Maharashtra. We covered Pune, Kolhapur, Badami, Hampi, Tarkarli, and Mahabaleshwar over a 10-day period. The approx. 2,000 kms drive gives you a huge variety: taking you to places of historical and religious interest, beaches, and mountains – all of which is while you drive through the lush green Western Ghats. … Read More 2022: North Karnataka-Western Maharashtra road trip

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+ Government, India, Public Policy

Building a pipeline of urban infrastructure projects

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The Financial Express ($) Over the last month, two important reports on urban India came out in quick succession: The World Bank’s report on “Financing India’s urban infrastructure needs” and the Reserve Bank of India’s “Report on Municipal Finances”. The World Bank report peers into the future to detail the quantum of investments required in urban India over the next decade and a half; … Read More Building a pipeline of urban infrastructure projects

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+ Climate, India, Public Policy

Building a network of green financing institutions in India

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Financial Express The idea that India needs to invest trillions of dollars in meeting its Net Zero by 2070 commitment is, by now, well known. Estimates run to over ten trillion dollars in the next half century or the hundreds of billions of dollars in the next decade. The sums of monies to be channelized for this transition are very significant as a proportion … Read More Building a network of green financing institutions in India

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+ India, Macroeconomy

EFGHIJK: Taking stock of the Indian economy

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Exports, fiscal, growth, health, inflation, jobs, and capital: sizing up the dynamics in the Indian economy in these volatile times Financial Express In September last year, with two waves of Covid-19 largely behind us, we had taken a mid-year stock of the Indian economy using the EFGHIJ framework. We relook at these factors again as many macroeconomic factors have changed dramatically, especially in the … Read More EFGHIJK: Taking stock of the Indian economy

+ Government, India, Investments, Macroeconomy

India’s Union Budget FY2023 – Impetus for investments and capex

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Financial Express Indian government presented an investment-oriented budget with a focus on getting future ready. Increasing public investments and capital expenditure are expected to take the combined (Centre plus States) public capex to more than 4% of GDP in FY2023 from ~3% over the last few years. Advance growth estimates for FY2022 of 9.2% make India the fastest growing large economy: the increased capex … Read More India’s Union Budget FY2023 – Impetus for investments and capex

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+ Climate, Government, India, Public Policy

Sequestering the fiscal bounty

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The notional ‘saving’ of ~Rs 1 lakh crore on the fiscal deficit front offers India an opportunity to create a fund to deal with climate change Financial Express Fiscal year 2021-22 has been volatile, to say the least. The Budget for FY2022 was presented on Feb 1 last year at a time when the first wave of Covid-19 was firmly behind us. However, soon … Read More Sequestering the fiscal bounty

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+ India, Others

Madhya Pradesh: Food, forts, palaces, history, jungles, temples, hills, rivers, lakes…

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Driving around for a fortnight Four families, four cars, fifteen of us, for four thousand kilometres over a fortnight: to me this was a flight of fantasy that such a plan could see execution. Yet, here are we are and here is what you can expect when you make a trip to magical Madhya Pradesh, which as their tourism ad says, is the heart … Read More Madhya Pradesh: Food, forts, palaces, history, jungles, temples, hills, rivers, lakes…

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+ Climate, India, Public Policy

Shaping our Green Future: Pathways and Policies for a Net Zero Transition

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Observer Research Foundation (ORF) put together a monograph on Shaping Our Green Future: Pathways and Policies for a Net-Zero Transformation. 1 They pulled together a fantastic set of perspectives from Mr. Jayant Sinha, The Fletcher Business School, Climate Policy Lab, MacArthur Foundation, Shakti Sustainable Energy Foundation, and NIIF. This is a timely publication – coming while COP26 is on at Glasgow, Scotland and when … Read More Shaping our Green Future: Pathways and Policies for a Net Zero Transition

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+ Climate, India, Investments, Public Policy

Financing the Green Transition

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Financial Express New sources of capital and new instruments are required to power the green transition Green Transition is a reality: it is here and now. The recent spate of high-impact climate-related disasters across the world (floods, wildfires, heatwaves, etc.) have underscored the magnitude of challenges facing humanity cutting across country borders. This has prompted societies and leaders across the world into thinking and … Read More Financing the Green Transition

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