Is India’s economic recovery for real this time?

    2018-05-22T14:35:09+00:00April 16th, 2018|2017/2018, Cover Story, Global Edition – April 2018, Year|

    There are several signs that India's economy is undergoing a sustainable turnaround that promises to take it to a higher growth trajectory. But there are significant risks, including the possibility of a fickle Monsoon that cannot be wished away. The rain gods, Indian policy-makers, industrialists and human resource managers seem to be coming together on the same page. The green shoots of growth in India's economy seem to be pointing towards a sustained recovery after several false dawns and red [...]

      Big reforms underway but Indian banking still a long way away from good health

      2020-03-24T06:27:12+00:00March 16th, 2018|2017/2018, Global Edition- March 2018, Sector Focus, Year|

      The Narendra Modi government and the Reserve Bank of India (RBI) have taken major steps to bring recalcitrant promoters to book and clean up the $210-billion bad loan crisis plaguing the Indian banking system. These can address the issue for now but privatisation is not politically feasible. The scandal over fugitive billionaire Nirav Modi flying away to an unknown destination leaving behind unpaid loans of $1.8 billion has brought the festering bad loan crisis in the Indian banking system to [...]

        The Goldilocks moment for interest rates in India is here

        2020-03-04T07:04:04+00:00March 16th, 2018|2017/2018, Global Edition- March 2018, Last Word, Year|

        The Reserve Bank of India (RBI) is at a point when the country’s economic climate is just right – neither too hot, nor too cold.   In the well-known fairytale ‘Goldilocks and the Three Bears’, a little girl enters the house of three bears, tastes three bowls of porridge and declares that she likes the one that is neither too hot, nor too cold… in other words, the one that is just right. Little children across English-speaking countries are familiar [...]

          Crude prices and US rate are the X factors

          2018-12-06T13:08:22+00:00January 9th, 2017|2018/2017, India Investment Journal January 2017, Top 5 Things to Watch in 2017, Year|

          RBI Governor Urjit Patel may be able to cut rates but only later this year. We take a look at what this would mean for the Indian economy. When will Reserve Bank of India (RBI) Governor Urjit Patel cut interest rates? Speak to analyst, economist or businessman; that will be among his top two or three concerns. The background The central bank dashed hopes for a rate cut in December when the six-member Monetary Policy Committee (MPC), which sets rates, [...]

            On road to a corruption-free India

            2019-01-02T08:22:33+00:00January 9th, 2017|2018/2017, India Investment Journal January 2017, Policy India, Year|

            Employment intensive sectors such as agriculture, housing, tourism, textiles and retail must flourish and grow, writes a policy expert. Narendra Modi donned an unexpectedly huge challenge on himself and every citizen of India to completely disrupt and totally metamorphose our economy and society. With no Indian untouched by this move and by massively utilising social media platforms, television and radio, the Prime Minister is determined to be connected directly to each one of us in a most unprecedented manner. In [...]

              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 [...]

                Acting East with ASEAN

                2018-09-06T11:42:41+00:00December 10th, 2016|2016, South Asia, Year, Yearend 2016|

                India’s proactive Act East policy hinges heavily on the ASEAN free trade group and it is the many emerging economies in this collective that offer growth opportunities for Indian companies. The Association of South-East Asian Nations (ASEAN) comprises of the Philippines, Indonesia, Singapore, Malaysia, Brunei, Thailand, Cambodia, Laos, Myanmar and Vietnam. India’s focus on a strengthened and multi-faceted relationship with ASEAN was reinvigorated at the 12th ASEAN India Summit in Nay Pyi Taw, Myanmar, in November 2014, when Prime Minister [...]

                  India on track for sustainable growth

                  2018-12-05T11:07:28+00:00November 18th, 2016|2016, India Investment Journal November Edition, Policy India, Year|

                  A policy expert analyses if India’s current rate of growth is any cause for worry or a sign of sustainable recovery.  India increasingly attracts positive attention from foreign sources. This is evident when one meets with groups of foreign investors who see India as an attractive investment opportunity. This renewed investor interest in itself is not surprising given the rather uncertain and downbeat conditions in a large number of advanced and emerging economies. However, in domestic circles, there is a [...]

                    Brexit may not be all bad news for India

                    2018-10-03T14:10:12+00:00August 11th, 2016|2016, Brexit Special, July/August 2016, Year|

                    The frayed nerves have calmed; the markets have stabilised; and investor attention has turned from the fallout of Brexit to the flight path of the Monsoon clouds over India and the fairly good probability of the long awaited GST Bill finally going through the Rajya Sabha and becoming law.

                    More than a month after the unexpected vote in favour of Brexit, economists, analysts and policy planners are unanimous that that Britain’s shock decision to exit from the European Union (EU) is unlikely to cause any major long-term damage to the Indian economy as it is still very dependent on domestic consumption, which is mostly insulated from global even.

                      Making wallets more mobile in India

                      2018-12-04T12:52:46+00:00July 8th, 2016|2016, Digital India, India Investment Journal June/July Edition, Year|

                      India is slowly but surely embracing the digital wallet. Current Reserve Bank of India (RBI) rules have a Rs 10,000 ($114) cap on such mobile friendly payment options with acquiring complete “know your customer” (KYC) details. However, this does not seem to be putting off many start-ups who are banking on this trend catching on among India’s burgeoning middle classes and, indeed, the rural sector with increasing access to affordable mobile technology. The most popular mobile payment apps in terms [...]