India Insight

from MacroScope:

India’s central bank battles alone in inflation struggle

April 19, 2011

INDIA-ECONOMY/RATES What more does India's central bank have to do? Last week data showed March inflation rising to almost 9 percent on an annual basis. More importantly, core inflation is above 7 percent for the first time in 3 years meaning demand-side pressures are rising fast. And that's despite the Reserve Bank of India raising interest rates eight times since last March.

Has Congress lost the plot on inflation?

January 14, 2011

“Government Plan To Tackle Prices Is Just Hot Air” screamed the front page of Friday’s Mail Today, as India’s political media lined up to belittle what was billed as a list of anti-inflationary remedies but was robustly rejected as “already failed measures and oft-repeated homilies.”

Will rotting foodgrain bring about a retail revolution?

August 4, 2010

Pictures of grain rotting in the rain in Punjab have shocked a country reeling under high food price inflation and where hundreds of thousands go to bed every night on an empty stomach.

Budget 2010: Time for annual guessing game

February 12, 2010

It’s a laudable effort that often gets more brickbats than bouquets. This year, when Finance Minister Pranab Mukherjee presents the Union budget in parliament on February 26, he will walking a tightrope between managing ballooning fiscal deficit and supporting economic recovery in Asia’s third-biggest economy.

Why should the government control inflation?

January 21, 2010

A labourer pulls a plastic sheet to cover sacks of paddy from rain at a grain market in Chandigarh January 13, 2010. REUTERS/Ajay VermaThe ‘reform agenda’ understood as ‘market-oriented reform’ or giving more space to market mechanism in food and fuel economy seems to have been held up.

Does inflation make sense to the common man?

October 15, 2009

Who is the Minister for Ministry of Statistics and Programme Implementation?

When is the National Statistics Day celebrated?

An average person may find it difficult to answer these questions.

Just as it is difficult to understand why the people are hurting even if the government inflation figures are near zero if not negative as they were a few weeks ago.

Has India got it right on fuel prices?

June 4, 2008

So it’s official. India has finally raised fuel prices, by more than most people expected. A hike in diesel prices in particular is sure to feed through into overall inflation. At the same the government removed the import duty on crude oil.

Too early to write off India’s Congress-led coalition

May 26, 2008

Is the sun setting on the Congress-led UPA government? India’s opposition Bharatiya Janata Party (BJP) is certainly riding high after victory in the southern state of Karnataka at the weekend , giving it a first chance to run a government in the south.Party workers of Bharatiya Janata Party (BJP) light smoke flares to celebrate the party’s victory in the state elections in Karnataka, outside the party’s headquarters in the western Indian city of Ahmedabad May 25, 2008. REUTERS/Amit Dave (INDIA)And it’s the latest in a long losing streak for Congress in state elections. The question is whether the ruling party can turn things around.