Author Archives: Danny Richards

India’s policy troubles

Foreign investors in India have had few reasons to cheer in the recent past given the slowing economy, corruption scandals, and general government ineffectiveness. However, there was momentary joy last week, when the government announced that it had decided to … Continue reading

Posted in Economics, India, Investment, Statistics | Leave a comment

More negative news for India

It came as no surprise to us that one of the big three international credit ratings agencies, Standard & Poor’s, announced last week that it had revised the outlook for India’s long-term sovereign debt from stable to negative. The agency … Continue reading

Posted in Debt, Economics, India, Uncategorized | Leave a comment

India’s policy surprise

The Reserve Bank of India (RBI) cut its main policy interest rates for the first time in three years at its most recent quarterly monetary policy review on 17 April. Although the RBI has been under intense pressure to ease … Continue reading

Posted in Economics, India, Inflation | Leave a comment

India’s economic troubles – not quite déjà vu

The governor of the Reserve Bank of India, Duvvuri Subbarao, has joined the growing debate on the precarious state of India’s economy and how the current situation compares with that in 1991, when the government was forced to devalue the … Continue reading

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India: A number too sweet

What should we make of the latest industrial production data published by India’s Central Statistics Office? On 12 April, when releasing the February data for the index of industrial production (IIP), the office announced that the January numbers had been … Continue reading

Posted in Economics, India, Industrial Production, Manufacturing, Uncategorized | Leave a comment