Expert Zone

Budget 2015: Three game changers for India’s economy

By Aviral Gupta
March 2, 2015

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

People watch television sets displaying India's FM Jaitley presenting the budget in parliament at an electronic shop in ChandigarhFinance Minister Arun Jaitley’s budget announcements were on expected lines and should satisfy the investment community, which was keen to see reforms that will kickstart India’s economy. Although the budget was slightly skewed towards the rural economy, we also saw important announcements for urban India aimed at stimulating growth and investment.

A global lesson from Europe

By Paul Donovan
February 24, 2015

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

Budget 2015: Be careful what you wish for

By Hartmut Issel
February 24, 2015

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

Don’t cut capital expenditure while chasing fiscal target

December 23, 2014

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

Budget 2014 is only the first step

July 14, 2014

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

Much was expected from Budget 2014/15 without realizing that India’s economy has its own rhythm, which changes only by small degrees if left to itself. That is why big-ticket reforms are necessary to quicken the pace. Finance Minister Arun Jaitley had reason to move forward with caution and make changes only at the fringes.

Budget 2014/15 reveals priorities, sets the stage

By Gautam Chhaochharia
July 14, 2014

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

The new Narendra Modi government rides on a long wishlist of policies and reforms, with limited resources. Budget 2014/15, as expected, reveals the government’s priorities in the near and medium term.

‎India Markets Weekahead: Correction could follow budget week

By Ambareesh Baliga
July 6, 2014

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

Last week’s robust pre-budget rally belied expectations, with the Nifty closing up more than 3 percent at a record high of 7,751‎. Automobile sales, manufacturing PMI as well as services PMI showed an uptick. The Iraq turmoil seems to have taken a back seat with oil prices receding from a nine-month peak. A rally in world markets, with life highs for the DJIA and S&P 500, also aided sentiment.

Currencies and the collapse of globalisation

By Paul Donovan
June 17, 2014

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

We live in stirring times. The president of the European Central Bank, Mario Draghi, crossed the monetary policy Rubicon and cut one of the euro area’s key interest rates into negative territory. This is dramatic stuff, as even the most economically oblivious are likely to recognise that negative interest rates are a radical policy.A picture illustration of Euro banknotes and coins taken in central Bosnian town of Zenica

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.

The threat of a junk rating

May 20, 2013

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

Credit ratings by agencies are never very objective and their long-term outlook is also seldom accurate. Sovereign ratings, in particular those which are not solicited, are generally unreliable and often biased. But rating agencies do draw attention to critical issues that should not be ignored.