India’s GDP numbers, announced on Friday, February 28, point to a decent recovery in economic growth, with consumption and employment-generating sectors contributing significantly to third-quarter GDP. Additionally, these numbers come on a base that is revised sharply higher. But what we need to ask is whether this recovery is enough to stop the sharp sell-off […]
RBI’s macro-prudential measures were necessary but contributed to demand slowdown: CEA – CNBC TV18
Chief Economic Adviser (CEA) V Anantha Nageswaran has acknowledged that while the Reserve Bank of India’s (RBI) macro-prudential measures were necessary to maintain financial stability, they may have also contributed to a slowdown in credit growth, dampening economic activity and consumption. Speaking to CNBC-TV18 on Friday, January 31, Nageswaran discussed the evolving consumption patterns in […]