Expert Zone

Tough to get the math right in 2014/15 interim budget

February 19, 2014

(Any opinions expressed here are those of the author and not of Thomson Reuters)

Finance Minister P. Chidambaram went more by economic considerations than political ones in manoeuvring his pre-election budget, the focus being on fiscal consolidation with an eye on rating agencies.

Why the rupee is linked to jobs in the U.S.

July 10, 2013

(Any opinions expressed here are those of the author and not of Thomson Reuters)

India Markets Weekahead: Beware the Ides of March

By Ambareesh Baliga
March 10, 2013

(Any opinions expressed here are those of the author and not of Reuters)

Markets ended budget week below support levels of 5800/5840 and just when the six-month rally seemed over for good, it made a spirited V-shaped recovery to close at 5946 on Friday, with gains of 3.95 percent. The Street is divided with some expecting this to be the beginning of a new rally with the market scaling highs that it missed in February; others see it as a strong pullback which will fizzle out soon.

Budget 2013: Political strategy, not economic blueprint

By R Raghuttama Rao
March 6, 2013

(Any opinions expressed here are those of the author and not of Reuters)

With the dust settling after Budget 2013, the picture is getting a bit clearer. Opinions on the budget have ranged from praise to outright criticism. The true position lies somewhere in between — depending on one’s political inclination, views on the finance minister and one’s financial interests.

Risk factors in Budget 2013

March 4, 2013

(Any opinions expressed here are those of the author and not of Reuters)

Finance Minister P. Chidambaram has apparently done the impossible. He has brought down the fiscal deficit in the current year from the budgeted 5.3 percent to 5.2 percent in spite of the fall in revenues. What’s more, the deficit was further slashed to 4.8 percent in the 2013/14 budget. Is that realistic?

Budget 2013 not a death knell for reforms

By Hartmut Issel
March 4, 2013

(Any opinions expressed here are those of the author and not of Reuters)

In announcing the new budget, Finance Minister P. Chidambaram tried to square the circle. On the one hand, with the prospect of elections next year or possibly sooner, handing out costly goodies was always going to be a temptation. On the other hand, like its Western counterparts, the Indian government was faced with the fact that it must rein in public spending, which could anger some voters, not to mention dampen economic growth.

Budget 2013: A high-calorie budget

By Apurva Shah
March 4, 2013

(Any opinions expressed here are those of the author and not of Reuters)

India’s left-leaning government believes in the ‘eat more, burn more’ philosophy in managing its finances. Budget 2013 takes that idea further with an even stronger projected rise in spending.

Budget 2013 does have some words of wisdom

By R Rajagopal
March 2, 2013

(Any opinions expressed here are those of the author and not of Reuters)

The finance minister had a tough job in hand with this being the government’s last budget before elections due in 2014. P. Chidambaram had to focus on fiscal consolidation while walking a tightrope between populism and pragmatism.

Budget 2013: An opportunity missed

By Ambareesh Baliga
March 1, 2013

(Any opinions expressed here are those of the author, and not necessarily of Thomson Reuters)

Budget 2013: Visible impetus on growth

By Y. M. Deosthalee
March 1, 2013

(Any opinions expressed here are those of the author, and not necessarily of Thomson Reuters)