Dnyanamay

Open Access Open Access  Restricted Access Subscription Access

Indian Economy:Transition to Take Longer Time


Affiliations
1 Dy. Chief Manager, ET Intelligence Group, Economic Times, India
 

Indian economy is in a transition phase. After years of slowing growth coupled with rising fiscal deficiate and governments indebtedness the country witness a crises like situation in August 2013 when the rupee crashed and the soverign credit rating was on the verge of loosing its investment grade. It was no wonder that experts drew parellels with 1991. The change in the political scenario and policy making in 2014 was the key to pull the country out of immediate danger. This change in direction created a sence of celebrationparticullary on the Dalal street, which although typical, was somewhat premature. There is no doubt the economy has changed direction, but a number of hurdles including an unsupportive global economy and a weak monsoon have slowed down the process. The transition phase for the economy is likely to be longer than earlier anticipated.

Keywords

Inflation, Fiscal Deficit.
User
Notifications
Font Size

  • India’s Credit growth lowest in 18 years: http://timesofindia.indiatimes.com/business/india-business/Bank-credit-growth-lowest-in-18-years-as-companies-borrow-less/articleshow/46939402.cms

  • More AchchheIrade than Achchhe Din: http://articles.economictimes.indiatimes.com/2015-04-19/news/61304103_1_7-gdp-growth-current-account-deficit-bjp-government

  • A test of conviction: http://www.businessstandard.com/article/opinion/akash-prakash-a-test-of-conviction-115042301125_1.html

  • Government overestimated its ability to reform: http://profit.ndtv.com/news/economy/article-modi-government-overestimated-its-ability-to-fix-economy-clsa-757910

  • Crisil Predicts 0.5% drop in GDP due to poor monsoon: http://profit.ndtv.com/news/economy/article-weak-monsoon-to-dent-gdp-growth-crisil-757369

  • India’s Exports likely below $300 billion in FY16 says FIEO: http://economictimes.indiatimes.com/news/economy/foreign-trade/exports-likely-to-remain-below-300-bn-in-fy16-fieo/articleshow/47018195.cms

  • Union Budget 2015-16: www.indiabudget.nic.in

  • Reserve Bank of India: www.rbi.org.in

  • Ministry of Statistics and Programme Implementation: www.mospi.nic.in


Abstract Views: 139

PDF Views: 84




  • Indian Economy:Transition to Take Longer Time

Abstract Views: 139  |  PDF Views: 84

Authors

Ramkrishna Kashelkar
Dy. Chief Manager, ET Intelligence Group, Economic Times, India

Abstract


Indian economy is in a transition phase. After years of slowing growth coupled with rising fiscal deficiate and governments indebtedness the country witness a crises like situation in August 2013 when the rupee crashed and the soverign credit rating was on the verge of loosing its investment grade. It was no wonder that experts drew parellels with 1991. The change in the political scenario and policy making in 2014 was the key to pull the country out of immediate danger. This change in direction created a sence of celebrationparticullary on the Dalal street, which although typical, was somewhat premature. There is no doubt the economy has changed direction, but a number of hurdles including an unsupportive global economy and a weak monsoon have slowed down the process. The transition phase for the economy is likely to be longer than earlier anticipated.

Keywords


Inflation, Fiscal Deficit.

References