Budget 2018: Everywhere But Nowhere?


The best way to summarize today’s budget is that ‘It is everywhere but nowhere’. Let’s map the key outcomes to the issues & concerns we raised in our pre-budget analysis. Feedback on structural concerns: Food for all: (For details, click here) 25%: India’s contribution to global hungry people count of…

Read More...

Why Structural Reforms Will Again Be Given A Miss? The Need vs. Action From Budget 2018


In the night before the Budget 2018 gets presented, let us discuss a few aspects that we believe are of utmost importance for growth of Indian economy. The slowdown in GDP growth has been well discussed. It has come down from 8% to 6.5% in 2 years. While that itself…

Read More...

The Mood(y) on Demonetization


Yesterday in a dramatic turn of events, Moody upgraded country rating of India after nearly 14 years and demonetization was cited as one of the economic reforms triggering the same, along with GST and others. While the upgrade caught everyone by surprise but citing demonetization is the more surprising element,…

Read More...

Is India’s Poverty & Illiteracy Driving Down Prudential Financial Decision?


Do you know that only 5% of an Indian household savings is in financial assets and unsecured debt constitutes more than 50% of the liabilities? These and many facts were highlighted by the report of a RBI appointed committee. For a comparison, consider the facts that China is at 9%,…

Read More...

Did The Mastercard Get It Wrong On Consumer Confidence?


MasterCard Intelligence recently released the ‘MasterCard Index of Consumer Confidence (H1 2017)’. The report got lot of coverage primarily because the latest data shows that India dropped the largest in the Index (9.3 points). Now RBI also regularly releases (every month) similar consumer confidence survey results. Does they correlate or…

Read More...

The Economy Stress Signals & Rising Sensex


RBI released the data for sectoral credit for banking as of May 2017, a few days back. Our endeavor is not only to share some of the key insights from the data released but also connect the dots after connecting the same with other economic parameters. Overall it reflects significant headwind…

Read More...

Is Digital Payment Tapering off With More Cash Available?


This will be a million dollar question/ apprehension that not only GOI but many analysts will be having! While GOI believes that Demonetization & Digital India working together will push India towards more cashless (aka electronic) society, there is a question lurking in everyone mind whether the return of cash…

Read More...