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Diagnosing India's Inflationary Signals Right


Diagnosing India s Inflationary Signals Right
The pandemic complications will require a strong response that will necessarily involve a multi-faceted approach.
FILE PHOTO: A healthcare worker checks the temperature of a rice mill worker during a coronavirus disease (COVID-19) vaccination drive at Bavla village on the outskirts of Ahmedabad, India, April 13, 2021. Photo: Reuters/Amit Dave/File Photo
Economy2 hours ago
Recent numbers on inflation – as part of a global trend in rise in prices of commodities, food and fuel – paint a nuanced picture for the Indian economy as a whole. 
At a time of deep crisis fuelled by ‘uncertain’ economic expectations and a surging pandemic wave in rural India, 97% households recently reported no rise in their real incomes from last year. Consumption demand has already been low along with domestic private investment demand and unemployment levels are increasing with a steeping curve of inflation, as reported ....

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Analysis: Making Virus Crisis Budget, India Needs to Spend but Funds May Fall Short


Analysis: Making Virus Crisis Budget, India Needs to Spend but Funds May Fall Short
A senior government official involved in planning for the 2021/22 budget rued the revenues lost at the start of the current fiscal year, and doubted they could be clawed back.
FILE PHOTO: Finance Minister Nirmala Sitharaman holds budget papers as she leaves her office to present the federal budget in the parliament in New Delhi, India, Feb. 1, 2020. Photo: Reuters/Anushree Fadnavis/File photo
New Delhi/Mumbai: Having fired up hopes for populist measures with talk of delivering a “budget like never before”, finance minister Nirmala Sitharaman will need to find credible sources for additional revenue from a pandemic sickened economy. ....

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