Janak Raj

The gross fiscal deficit (GFD) target for 2025-26 has been budgeted at 4.4 per cent, a tad better than the 4.5 per cent target set out in 2021

Anticipating the current liquidity deficit, the RBI in its December policy proactively reduced the cash reserve ratio (CRR) of all banks in two equal tranches of 25 basis points

Stagnating wages, derivative losses, and rising debt burdens-India's consumption story grapples with multiple challenges

FIIs started withdrawing from the Indian equity market from September 25 - a day after the People's Bank of China introduced the monetary stimulus

While it has successfully weathered economic challenges before, this time is different

It is important to ensure that headline inflation is aligned with the target, which will further enhance the credibility of the FIT framework

The savings bank deposit interest rate was the last one to be deregulated by the RBI after all other interest rates were deregulated

While the interests of famers need to be protected, it would further complicate monetary and macroeconomic management

With the share of physical assets rising, the responsibility to free up resources to fund corporate capex shifts to the government

Government must strategically expand the fiscal space to face any exogenous shocks

To catch up with peers, not only in size but also in per capita income, India must focus on health and education