December 2019 It is indeed rare that a central bank’s decision is unanimously, the absolute opposite of what the market and economists, unanimously expected. Yet that is what happened on 5th Dec 2019 when the RBI announced its decision. Growth had fallen to a 6year low of 4.5%, even as…

When, according a well-known children’s rhyme, Humpty Dumpty had a great fall from a wall, he could never be put together again. Not even by all the horses and men of the King himself. But, what of humans who suffer such great falls? Many, in recent times, seem to have…

The talk around the over trillion-rupee pay-out from the Reserve Bank of India to the government is, to put it mildly, laced with much hyperbole. …

Indian sovereign debt: crossing the seas? The announcement in the July 2019 India Budget of a plan for the government to borrow in foreign currency has elicited extreme reactions from all quarters. Voices from across the economic spectrum have weighed in, mostly in dissent: ranging from protectionists fearing takeover by foreign interests to former policymakers expressing…

Part 1: I was watching a small group of children playing a game where the ‘soldiers’, led by a ‘king’ have to catch two ‘robbers’. No child wanted to take on the role of ‘robber’, and finally, they decided to conduct a dash, with the slowest two being robbers, the…

The business of small businesses Funding India’s small businesses- a debt markets perspective India’s MSMEs and the road to a $5trillion economy Micro, small and medium enterprises (MSMEs) contribute more than a third of India’s GDP and provide employment to over 100 million. However, this sector has been fettered by limited access to credit and as such, has been…