Pranjul Bhandari

Heady to steady: Economic growth slows but becomes more broad-based

Using the widest variety of data available should give a more thorough picture of growth trends

Why India's elections matter for growth

The reforms that may follow could help determine India's medium-term growth and economic aspirations

Monetary policy preview: If it ain't broke, don't fix it

Core inflation is falling, and the rupee is stable. But the more pertinent question here is whether there is a need for monetary easing. Let's discuss the key determinants

India's export cushion

Rising services surplus is likely to offset the goods trade deficit in the short and medium term

The bicycle theory of the 2023 Budget

Lowering the fiscal deficit to sustainable levels will be the biggest challenge for the government, but there are enough reasons for it to keep pedalling hard

Are exports holding up?

Strong export volumes have been a major driver of India's growth over the last few years; high technology exports have clearly outperformed medium and low technology exports

Inflation-brace for aftershocks

Goods producers have passed on more input cost increases than services producers

Recovery is here, now for reforms

The recent uptick in economic activity is heartening, but urgent reforms are needed for growth to be sustained

RBI's 'impossible trinity' of problems: rupee, inflation, bond yields

As challenges mount, the central bank will need to strike a fine balance between managing the rupee, domestic liquidity and fiscal financing

Will today's economic scratch leave a scar?

Attention is turning to India's post-pandemic potential growth, which could fall to a two-decade low

Covid haze in an Indian maze

India's unique characteristics may add a layer of uncertainty to its Covid outcome; policymakers should be prepared

Glitter versus gold in policy-making

Three years of slowing growth hold two important lessons for the Budget

Rural India can't recover until NBFCs do

An intricate web of links between rural incomes, construction activity and shadow banks are fuelling the economic slowdown

The great inflation escape

The big question doing the rounds is: Will headline move towards core or will core move towards headline?

The fog of fiscal finances

A string of new expenditure is clouding India's fiscal future

Needed: A strategy to revive exports

Instead of relying on the rupee, removing sector-wise impediments will help

Pranjul Bhandari: No sweat over non-resident deposit outflows

With the backing of Tinbergen's rule and a proactive RBI, there's a possibility that repayments could come and go without much pain

Pranjul Bhandari: India's GDP headed towards auto-correction

But lower growth numbers in the quarters to come may not mean renewed weakness in the economy at the ground level

Pranjul Bhandari: India's inflation divide

Urban India benefits from lower global prices while rural India, partly because of its structural ailments, is unable to do so with equal vigour

Pranjul Bhandari: Ships stranded at home

Either we believe that an export revival is beyond our control, or we proactively chip away at domestic bottlenecks