THe Blog

July 20, 2017

Dichotomy of the Indian Economy

Sajjid Chinoy, in this Livemint opinion piece, elaborates on the two competing economic narratives on India and suggests reformative policies. 

 

The first centres around the improvement in macroeconomic stability, with decreasing CAD and inflation rates, and structural reform, with the introduction of GST and Aadhaar; "the first narrative governing the Indian economy: heightened macroeconomic stability combined with stronger medium-term growth prospects."

 

The second narrative is "of a near-term slowdown that may be hard to reverse using traditional fiscal and monetary policy" in light of revisions in GDP and core GVA due to slow growth in exports, collapsing oil prices, and stress on agriculture. 

 

Read the full article here

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