After a good show in 2010-11, the economy has now started to show signs of fatigue.
Last year, the Survey suggested a long list of reforms, but most of these found no place in the Budget.
The collapse of Lehman Brothers was clearly a point of inflection, in which the rate of decline of the financial system accelerated sharply and its impact on the global economy intensified. In retrospect, it could have been any one or more of the global financial institutions to precipitate the collapse.
Fiscal, rather than monetary, forces will determine interest rates in the coming months, says Subir Gokarn.
Overall, as Budgets go, this one certainly scores in a realistic, house-keeping sort of way
Key lessons from the mandate must find reflection in Budget announcements.
If coalitions are inevitable, we need to think of ways to provide more effective governance.
The first thing the new government has to do is to spell out its plan to deal with the mounting fiscal deficit.
The global meltdown puts a greater premium on efficient use of domestic capabilities.
The growth acceleration earlier in this decade provides lessons for policy responses to the current situation.
During 2008-09, the Indian economy will grow by its slowest rate since 2002-03. By most accounts, things don't look any better for 2009-10.
A level of commitment is expected from the UPA to several policy measures promised in 2004.
If reforms were to end, after some lag, so would the India story.
The most important safety valve as far as food supply is concerned is the short production cycle.
Until self-sufficiency in food is achieved, targeted subsidies and food distribution need to be beefed up to protect society's vulnerable sections.
The roots of the global food situation lie far beyond the scope of interest rates and cash reserves.
The developments at Bear Stearns have left many people certain that more collapses are to follow.
This Budget is about finding a balance between political objectives and economic uncertainties.
The bottom line is that a change in the RBI's monetary stance by cutting rates is imminent. The choice is only one of timing. Recent global developments reinforce the signals from emerging domestic patterns, tilting the case of a rate cut now rather than later.
An undervalued rupee puts pressure on the monetary system, while a rising currency hurts exporters. Is there a middle ground? Ask China.
© 2025 Rediff.com - Investor Information - Advertise with us - Disclaimer - Privacy Policy - Sitemap - Feedback - About us - Terms of use - Grievances