Roshan Kishore is the Data and Political Economy Editor at Hindustan Times. His weekly column for HT Premium Terms of Trade appears every Friday.
Articles by Roshan Kishore
The Opposition will do well to look at possible fault lines it can exploit to win back political support rather than hope for economic doomsday which will lead to a mass rebellion.
"Global economy, still in the process of reversing supply-side disruptions caused by the Covid-19 pandemic, would have been far more comfortably placed in the absence of the Russia-Ukraine conflict and the economic sanctions it has led to,” the Department of Economic Affairs said.
While the latest inflation number is still significantly lower than the all-time high of 11.51% in the month of November 2013 under the current series which starts from January 2012, it has triggered concerns. Here are four charts which present a detailed picture of what is going on .
One official, who is involved in maintaining a balance between inflation and growth, said t inflation is rising mainly because of external factors – the war in Ukraine, global supply chain disruptions, and zero-Covid policy in China.
The final order of the Delimitation Commission for the union territory of Jammu and Kashmir has created a political controversy in the erstwhile state
- This column seeks to answer fundamental questions about this culture, including: Would it be a problem if the State had infinite resources at its disposal? And Is offering freebies to the ‘have-nots’ the only game in town?
India’s inflation targeting framework first came into effect for the period from August 2016 to March 2021. Under the new agreement between RBI and the government, the central bank was expected to maintain the benchmark inflation rate as measured by the Consumer Price Index (CPI) at 4% within a band of +/- 2%.
Announcing MPC’s decision at an unscheduled press conference on May 4, RBI governor Shaktikanta Das justified the action on account of increased risks to inflation compared to the MPC’s April assessment.
ByRoshan Kishore and Rajeev Jayaswal, Hindustan Times, New Delhi
The IPO, which was originally scheduled for the last fiscal year, will see the government only sell 3.5% of its stake compared to the mandated 5%.
Over the past few weeks, large parts of the country have seen severe heatwaves.
- No consultant can help the party decide on what are three existential questions — its attitude towards Hindutva politics, the need for an internal assessment, and its core leadership. Its future depends more on how it deals with these questions rather than its engagement with a political strategist
India is the biggest importer of edible oil in the world. This also means that the Indian economy and budgets of its households, are extremely sensitive to disturbances in the global edible oil market.
- No amount of trade reciprocation will placate the agri-business lobby in advanced countries to allow India to continue its agricultural support and mercantilism at the same time. Unless India builds an alliance with others in the Global South
Earlier this week, the ministry of commerce and industry released the wholesale price index (WPI) for the month of March. At 14.5%, it was the second highest since 2012. Almost all institutional and private forecasts expect tailwinds to inflation and headwinds to growth in the global economy.
Chairman of the Fifteenth Finance Commission, NK Singh’s remarks come in the backdrop of senior bureaucrats expressing their apprehensions to Prime Minister Narendra Modi about the growing culture of promising various kinds of freebies during state elections earlier this month.
The latest WPI value, which is the second highest in the current series (since April 2012), comes after retail inflation, as measured by the Consumer Price Index (CPI), surprised analysts to grow at 6.95% in March 2022.
While India’s secular parties continue to wax eloquent about the country’s composite culture and the eventual defeat of communalism, there seems to be extreme reluctance to make efforts on the ground to counter communalism
India’s benchmark inflation, as measured by the Consumer Price Index (CPI) jumped to 6.95%, the highest in 17 months, in the month of March. This is significantly higher than what analysts expected.
The National Statistical Office (NSO) released the numbers for Consumer Price Index (CPI) for March and Index of Industrial Production (IIP) for February on April 12
Almost all indicators from RBI’s forward looking surveys suggest that while the economy is in recovery mode, its momentum is far from satisfactory. While consumer confidence has been increasing since September 2021 , it is still way below pre-pandemic levels.
Inflation and growth forecasts given in the MPC resolution published on April 8 underline the recalibration in policy. Benchmark inflation growth, as measured by the Consumer Price Index (CPI), is expected to be 5.7% in 2022-23, a sharp increase from the 4.5% forecast in the February meeting (it took place before the Russian invasion of Ukraine).
- Is this new wave of competitive populism going to lead to a fiscal disaster in the country? Who exactly is responsible for this kind of behavior? And can a political consensus be built to prevent such spending by state governments?
Almost two and a half years after the 2017-18 Consumption Expenditure Survey (CES) was scrapped, the ‘great Indian poverty debate’ seems to have resurrected itself. The second season of this debate, interestingly, has started from Washington DC, not India.
The global economic landscape has undergone a major disruption since the previous meeting, which ended on February, because of the Russian invasion of Ukraine.
- This week, “hundreds of millions of workers” participated in a strike across India, which ultimately gained little sympathy in most of the country. Why is that so? What are their demands?
The 2022-23 fiscal year begins today
India’s goods exports have breached the $400 billion level for the first time in 2021-22, the commerce ministry said in a statement issued on March 23.
- Targeted welfare provisioning, when married with targeted political campaigning, can explain why the BJP was able to manage the political anger around inflation.
- How stringent was India’s lockdown when it was first imposed, and what has been India’s unlock progress compared to the rest of the world?
ByAbhishek Jha, Roshan Kishore
The Congress has been facing a decline in its fortunes for a much longer time, not just over the last decade or two when its vote share dropped below the 20% threshold for the first time in 2014, and later in 2019.