India’s Dream Run, 2003-08:Understanding the Boom and Its Aftermath
by R. Nagaraj Economic and Political Weekly, May 18, 2013 From 2003, the Indian economy enjoyed a boom in growth for five years. The economy grew at a rate close to 9% per year, until it was punctured by the financial crisis of 2008. What explains that boom? Did the sustained liberal reforms finally pay [...]
RBI Bulletin May 2013
Published by Reserve bank of India, May 13, 2013 The Bulletin contains the Governor’s Statement on Monetary Policy 2013-14, Macroeconomic and Monetary Developments in 2012-13, the first Prof. Tendulkar Memorial Oration by Professor Abhijit Banerjee and regular features, viz., speeches of the top management and current statistics. URL: http://rbidocs.rbi.org.in/rdocs/Bulletin/PDFs/BULL100513_FL.pdf Courtesy:RBI
Indian Financial Markets: Fuelling the Growth of the Indian Economy
by Harun R Khan (Address delivered by Shri. Harun R Khan, Deputy Governor, Reserve Bank of India at the inaugural session of the conference on Indian Financial Markets: Fuelling the Growth of the Indian Economy organized by the Confederation of Indian Industry at the ADB Annual Conference on May 4, 2013 at Greater NOIDA, Delhi [...]
RBI Bulletin April 2013
Published by Reserve Bank of India, 10 April 2013 The Bulletin includes three special articles: (i) India’s Foreign Trade: 2012-13 (April – December); (ii) North-East Monsoon 2012: An Overview (October – December) and (iii) Investment Portfolio of Scheduled Commercial Banks: March 2012. URL: http://rbidocs.rbi.org.in/rdocs/Bulletin/PDFs/FULL_08042013B.pdf Courtesy:RBI
RBI Bulletin March 2013
Published by Reserve Bank of India, March 11, 2013 The Bulletin includes three special articles: (i) Developments in India’s Balance of Payments during Second Quarter (July-September) of 2012-13; (ii) Position of Order Books, Inventories and Capacity Utilisation for the Quarters during October 2011 to September 2012; and (iii) Finances of Non-Government Non-Financial Large Public Limited [...]
Union Budget 2013-14
Published by Finance Ministry, February 28, 2013 HIGHLIGHTS: Total Budget estimate for FY14 pegged at Rs 16.44 lakh crore Gross Tax Revenue pegged at Rs 12.36 lakh crore Total subsidy bill estimated at Rs 2.31 lakh crore in FY14 Gross market borrowings pegged at Rs 6.29 lakh crore in FY14 Fiscal deficit for FY13 contained [...]
Economic Survey 2012-13
Published by Ministry of Finance, February 27, 2013 A flagship annual document of the Ministry of Finance, Government of India, Economic Survey 2012–13 reviews the developments in the Indian economy over the previous 12 months, summarizes the performance on major development programmes, and highlights the policy initiatives of the government and the prospects of the [...]
New Institutional Economics:Its Relevance to Curbing Corruption
by Murali Patibandla Economic and political Weekly, March 02, 2013 Corruption is a major political and economic issue in India. The stakes, value, frequency, and costs of corruption have become exceptionally high in modern India. This is partly because some of the tenets of the free-market mechanism are implemented without the necessary underlying institutional conditions [...]
India: 2013 Article IV Consultation
Published by IMF, February 2013 Country Report No. 13/37 Outlook and Risks: structural, external and other factors. Recent measures taken by the authorities have boosted confidence, but the near-term outlook is for a subdued recovery with stillelevated inflation as investment has been significantly hit and supply bottlenecks will ease only slowly. Risks are on the [...]
RBI Bulletin February 2013
Published by Reserve Bank of India, February 11, 2013 he Bulletin contains the Statement on Third Quarter Review of Monetary Policy 2012-13, the fifteenth C. D. Deshmukh Memorial Lecture, the first Prof. Tendulkar Memorial Oration and regular features, viz., speeches of the top management and current statistics. The fifteenth C. D. Deshmukh lecture was delivered [...]
RBI Bulletin January 2013
Published by Reserve Bank of India, January 11, 2013 The January 2013 Bulletin includes one special article:Performance of Private Corporate Business Sector during First Half of 2012-13. Based on quarterly financial results of 2,832 listed non-government non-financial (NGNF) companies, the article provides a brief analysis of the performance at the aggregate level as well as [...]
India’s Labour Market during the 2000s:Surveying the Changes
by Jayan Jose Thomas Economic and Political Weekly, December 22, 2012 The growth of gross domestic product in every sub-sector of the Indian economy accelerated during the second half of the 2000s, compared to the first half of the decade. However, employment growth in most sectors except construction decelerated. This jobless growth was partly the [...]
Transit Path For Indian Economy: Six Steps For Transforming The Elephant Into A Tiger
by k.C Chakrabarty (Address delivered by Dr. K. C. Chakrabarty, Deputy Governor, Reserve Bank of India at the interaction with members of Delhi Chapter of the Young Presidents Organization at New Delhi on December 7, 2012) Growth in India has clearly slowed down since then to 6.5 per cent in 2011-12 and a likely 5.8 [...]
RBI Bulletin, December 2012
Published by Reserv Bank of India, 10 December 2012 The Bulletin includes four special articles: (i) Flow of Funds Accounts of the Indian Economy: 2008-09 and 2009-10, (ii) South-west Monsoon 2012: A Review (June 1 to September 30, 2012), (iii) India’s Foreign Trade: 2012-13 (April – September) and (iv) Finances of Foreign Direct Investment Companies: [...]
RBI Bulletin November 2012
Published by Reserve Bank of India, 12 November 2012 The Bulletin includes six special articles: (i) Developments in India’s Balance of Payments during First Quarter (April-June) of 2012-13, (ii) India’s External Debt: Trends, Policy Measures and Cross-Country Comparison, (iii) Quarterly Industrial Outlook Survey: July-September 2012 (Round 59), (iv) Quarterly Order Books, Inventories and Capacity Utilisation [...]
Silver Linings in the Indian Economy
by Harun R Khan (Address delivered by Shri Harun R Khan, Deputy Governor, Reserve Bank of India at 5 th Annual Banking Conference on “The Silver Lining of the Indian Economy” organized by NMIMS School of Banking Management on October 6, 2012 in Mumbai) The current account deficit (CAD) had risen to an all-time high [...]
Let’s not overrate foreign investment
by Pulapre Balakrishnan, The Hindu, October 02, 2012 The government’s claim that it will dampen inflation, bring higher prices for farmers and lower prices for customers may be somewhat exaggerated. URL: http://www.thehindu.com/opinion/lead/lets-not-overrate-foreign-investment/article3955884.ece Courtesy:The Hindu
Large Agglomerations and Economic Growth in Urban India: An Application of Panel Data Model
by Tripathi Sabyasachi MPRA Paper no.41574, August 2012 This paper investigates the impact of urban agglomeration on urban economic growth, using static and dynamic panel data approach, based on data of 52 large cities in India for the period 2000 to 2009. The results shows that agglomeration has a strong positive effect on urban economic [...]
The New Institutional Economics: Its Relevance
by Murali Patibandla IIMB Wp No.372, September 2012 Corruption is a major political and economic issue in India. The stakes, value, frequency, and costs of corruption have become exceptionally high in the history of modern India. This is partly because some of the tenets of free market mechanism are implemented in the absence of underlying [...]
Indian Economy: Imperatives for Second Generation Reforms
by k.C. Chakrabarty (Address by Dr. K. C. Chakrabarty, Deputy Governor, Reserve Bank of India at the Inaugural Session of the State level seminar organized by the Department of Economics of the Vivekananda Education Society’s College of Arts, Science and Commerce, Mumbai on September 14, 2012) On an intuitive basis, the business of finance and [...]
Reserve Bank of India Bulletin, September 2012
Published by Reserve Bank of India, September 2012 he Bulletin includes five special articles: i) India’s Foreign Trade: 2012-13 (April-June), ii) Monthly Seasonal Factors of Selected Economic Time Series, iii) International Banking Statistics of India: December 2011 and March 2012, iv) Corporate Investment: Growth in 2011-12 and Prospects for 2012-13 and v) Performance of Private [...]
Growth of Information Sector in Indian Economy During the Reform Period
By Shikhanwita Roy and Debesh Chakraborty Roy Ghosh & Associates Chartered Accountants 1. Introduction The direction and pace of development in Information and Communication Technology (ICT) have been at the heart of economic changes of all world economies for more than a decade. Across the globe, countries have recognized ICT as an effective tool in [...]
Finding the will to govern the economy
By Pulapre Balakrishnan The Hindu, August 25, 2012 In less than half a decade the mood of India’s economic policy establishment has swung from hubris to dismay. The trumpeted arrival of double-digit growth did not materialise. Instead we face the prospect of sustained double-digit inflation. The polisariat, it appears, has run out of tricks. Any [...]
Reserve Bank of India Annual Report 2011-12
Published by Reserve bank of India, August 2012 Highlights of the Report: Inflation slowed in response to past monetary tightening and growth deceleration in 2011-12. Growth during 2012-13 is expected to stay below trend at around the same level as in the previous year. Inflation is likely to remain sticky around 7 per cent with [...]
Deriving India’s Potential Growth from Theory and Structure
by ashima Goyal and Sanchita Arora IGIDR WP no.-2012-018, August 2012 Estimates suggest that Indian aggregate supply is elastic but subject to upward shocks. If supply shocks make a high persistent contribution to inflation, it implies second round pass through is occurring, implying growth has reached its potential. This measure of potential growth draws on [...]
Reserve bank of India Bulletin, August 2012
Published by Reserve Bank of India, 10 August 2012 The Bulletin includes six special articles: (i) Developments in India’s Balance of Payments during the Fourth Quarter (January-March) of 2011-12, (ii) India’s External Debt as at the end of March 2012, (iii) Quarterly Industrial Outlook Survey: April-June 2012 (Round 58), (iv) Quarterly Order Books, Inventories and [...]
Investigating the impact of global financial crisis on indian economy in an aggregate demand framework
by Raj Rajesh and Sanjib Bordoli MPRA Paper no.40416, July 2012 In this paper, the impact of global financial crisis on India’s Gross Domestic Product (GDP) is investigated upon in an aggregate demand framework using quarterly data for the period from Q2 of 1996 to Q1 of 2010. GDP, consumption expenditure, capital formation and export [...]
Reserve Bank of India Bulletin, July 2012
Published by Reserve Bank of India, July 2012 The Bulletin contains regular features, such as, speeches of top management, current statistics, press releases, regulatory and other measures and foreign exchange developments. The July issue of the Bulletin also has the Financial Stability Report (FSR) as a supplement. URL: http://rbidocs.rbi.org.in/rdocs/Bulletin/PDFs/00BLS060712FL.pdf Courtesy;RBI
RBI Bulletin, June 2012
Published by Reserve Bank of India, 11 June, 2012 The June 2012 issue carries four special articles: (i) India’s Foreign Trade: 2011-12 (ii) Finances of State Governments – 2011-12: Highlights (iii) Report of the Working Group on Savings during the Twelfth Five-Year Plan (2012-13 to 2016-17) (iv) Finances of Non-Government Non-Financial Public Limited Companies: 2010. [...]
Economic implications of intra-state conflict:Evidence from Manipur state of India
by Jiyaur Rahman and Zeba Sheereen MPRA Paper No.39276, June 2012 Manipur is one of the eight states in North-East India. The economy of the state is primarily dependent on agriculture which contributes a major share to the total state domestic product and provides employment to about 52 per cent of the total workforce in [...]
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