National Council of Applied Economic Research
Opinion: Poonam Gupta. In September this year, India will complete 8 years since it implemented Inflation Targeting (IT). Consistent with the experience of other countries, in India too, IT has been credited with improved outcomes: gentler and less volatile headline inflation; anchored inflationary expectations; improved communication and transparency; enhanced transmission of monetary policy; greater independence... Read More
New Delhi: Indian economy is expected to grow at 7.4 per cent in the current fiscal despite weak performance of agriculture sector due to poor monsoon NCAER said. The GDP growth rate forecast is 7.4 per cent for 2015 2016 and 2016-17 the economic policy think-tank said in a report. According to the National Council... Read More
At the C D Deshmukh Memorial Lecture organised last week by the National Council of Applied Economic Research its director Shekhar Shah had an awkward moment when his voice cracked during his address. Reserve Bank of India (RBI) Governor Raghuram Rajan came to Shah's rescue by walking up to him and offering him a glass... Read More
Reserve Bank of India Governor Raghuram Rajan on Friday backed fiscal consolidation over "aggressive" policies to boost economic growth as the finance ministry grapples with a dilemma between economic stability and growth ahead of the Budget. Delivering the C D Deshmukh memorial lecture at the National Council of Applied Economic Research in New Delhi he... Read More
NEW DELHI: A day after stating that "there are problems with the way we count GDP" RBI Governor Raghuram Rajan today said he has never raised doubts over the GDP numbers and they are broadly correct. "It was not anything about new GDP numbers or the way GDP is calculated. I think it's broadly correct"... Read More
During global turmoil macroeconomic stability should not be risked Ahead of the Budget Reserve Bank of India Governor Raghuram Rajan on Friday cautioned against deviation from the fiscal consolidation path which he said could hurt macroeconomic stability. During the global turmoil macroeconomic stability should not be risked and both the government and the central bank... Read More
Reserve Bank of India governor Raghuram Rajan on Friday said that a growth rate of over 7% was a credible achievement given wobbly conditions in the world economy but cautioned the government against being “over ambitious” and asked it to contain its borrowings. “It is to the immense credit of the government that we have... Read More
New Delhi (January 29 2016): Dr Raghuram Rajan Governor of the Reserve Bank of India delivered NCAER’s 4th C. D. Deshmukh Memorial Lecture on January 29 2016 to an audience of distinguished economists civil servants industry analysts and economics students. Dr Rajan’s speech is attached in its entirety. Dr Bimal Jalan Chairman of India’s Expenditure... Read More
Reserve Bank Governor Raghuram Rajan on Friday invoked ‘dosa economics’ to explain that pensioners are better off in the regime of falling inflation. Delivering the C D Deshmukh memorial lecture in the capital he said that a pensioner would be able to buy more number of dosas from lower interest income provided the inflation remained... Read More
Ahead of the Budget Reserve Bank of India (RBI) Governor Raghuram Rajan today warned against generating economic growth through additional debt saying that any deviation from the fiscal consolidation path will hurt stability of the economy. “As Brazil’s experience suggests the enormous costs of becoming an unstable country far outweigh any small growth benefits that... Read More
"Timely" weather forecast services to 11.5 million peasants resulted in economic profit worth Rs 42000 crore during 2015 Minister for Science and Technology and Earth Sciences Harsh Vardhan said today. He also made a strong pitch for expanding the web of facilities to all farmers to attain estimated profit of Rs 3.20 lakh crore. Referring to a report... Read More
