India’s big job crunch

    2018-12-06T13:13:09+00:00January 6th, 2017|2018/2017, India Investment Journal January 2017, Top 5 Things to Watch in 2017, Year|

    With a million people entering the job market every month, India’s economy desperately needs to find a way to make space for them. The morning of September 17, 2015, India woke up to a curious headline: PhD holders among 2.3 million applicants for peon jobs in UP. The response to 368 vacancies for peons in the most populous state of the country had been a record of sorts. The minimum qualification for the post was no more than school education [...]

      India’s daring demonetisation move

      2018-12-05T13:34:34+00:00January 6th, 2017|2018/2017, India Investment Journal January 2017, Top 5 Things to Watch in 2017, Year|

      The impact of the Indian government’s move to decommission some high value notes from circulation will fully pan out in the New Year. The 50-day window sought by Prime Minister Narendra Modi for completing the demonetisation of high value Rs 1,000 and Rs 500 notes is now over but the jury is still out on the impact of the move that is, arguably, the most daring, and far reaching, economic reform ever undertaken by any Indian government. Though it is [...]

        Is an interest rate cut on the horizon?

        2018-12-05T13:41:20+00:00January 6th, 2017|2018/2017, India Investment Journal January 2017, Top 5 Things to Watch in 2017, Year|

        The questions on everybody’s lips are: When will the RBI cut rates? And when will banks pass on RBI’s previous rate cuts to customers? The logic behind those questions is evident. The short-term economic forecasts are not very encouraging. The Reserve Bank of India (RBI) expects the country’s GDP to grow at 7.1 per cent in 2016-17, a sharp half percentage point lower than its previous growth estimate of 7.6 per cent. This contraction in growth estimates is mainly because [...]

          Uttar Pradesh elections are the one to watch

          2019-01-02T08:05:23+00:00January 1st, 2017|2018/2017, India Investment Journal January 2017, Top 5 Things to Watch in 2017, Year|

          Senior Columnist Ashok Malik explains how Assembly elections in five states of India will impact growth and investments in the country. How will this round of elections in Uttar Pradesh, Punjab, Uttarakhand, Goa and Manipur affect economic reforms? This is the last round of elections before the rollout of the Goods and Servce Tax (GST). A good performance by the BJP is sine qua non for the smooth rollout of this reform, which, arguably is the most import tax reform [...]